BOK Financial Co. (BOKF) To Go Ex-Dividend on November 15th

BOK Financial Co. (NASDAQ:BOKF) declared a quarterly dividend on Tuesday, October 29th,Wall Street Journal reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.57 per share by the bank on Wednesday, November 27th. This represents a $2.28 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from BOK Financial’s previous quarterly dividend of $0.55.

BOK Financial has raised its dividend payment by an average of 1.9% annually over the last three years and has raised its dividend every year for the last 20 years. BOK Financial has a dividend payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect BOK Financial to earn $8.51 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 26.8%.

BOK Financial Price Performance

BOKF traded up $0.66 during midday trading on Wednesday, reaching $117.46. 18,265 shares of the company’s stock were exchanged, compared to its average volume of 151,769. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. The business has a 50-day simple moving average of $106.63 and a two-hundred day simple moving average of $99.22. BOK Financial has a one year low of $69.76 and a one year high of $119.52. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 16.07 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The company had revenue of $888.50 million during the quarter, compared to analyst estimates of $509.43 million. During the same period last year, the company posted $2.04 earnings per share. As a group, research analysts predict that BOK Financial will post 8.07 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BOKF. StockNews.com raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Royal Bank of Canada increased their price objective on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. DA Davidson reduced their price target on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Hovde Group raised their target price on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company lifted their target price on BOK Financial from $102.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $112.20.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the sale, the director now owns 44,709 shares in the company, valued at approximately $5,268,061.47. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 59.72% of the stock is owned by insiders.

About BOK Financial

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.