BOK Financial Co. (NASDAQ:BOKF) Announces Dividend Increase – $0.51 Per Share

BOK Financial Co. (NASDAQ:BOKF) announced a quarterly dividend on Tuesday, October 29th, Fidelity reports. Shareholders of record on Tuesday, November 12th will be paid a dividend of 0.51 per share by the bank on Wednesday, November 27th. This represents a $2.04 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from BOK Financial’s previous quarterly dividend of $0.40.

NASDAQ BOKF traded down $0.34 during trading on Wednesday, hitting $82.76. The stock had a trading volume of 4,687 shares, compared to its average volume of 126,634. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.85 and a current ratio of 0.86. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 1.79 and a beta of 1.26. BOK Financial has a one year low of $69.96 and a one year high of $93.72. The stock has a 50 day simple moving average of $78.13 and a 200 day simple moving average of $78.83.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Wednesday, October 23rd. The bank reported $2.00 EPS for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.08. The business had revenue of $465.55 million for the quarter, compared to analyst estimates of $461.86 million. BOK Financial had a net margin of 22.88% and a return on equity of 11.20%. During the same period last year, the company posted $1.79 earnings per share. On average, sell-side analysts predict that BOK Financial will post 7.42 EPS for the current year.

A number of equities analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of BOK Financial from $89.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. DA Davidson upgraded shares of BOK Financial from a “neutral” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Wednesday, July 10th. SunTrust Banks set a $82.00 target price on shares of BOK Financial and gave the company a “hold” rating in a research note on Friday, October 25th. TheStreet downgraded shares of BOK Financial from a “b” rating to a “c” rating in a research note on Wednesday, October 30th. Finally, ValuEngine downgraded shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. BOK Financial currently has an average rating of “Hold” and an average target price of $88.86.

In other news, Director Steven Bangert sold 8,889 shares of BOK Financial stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $77.23, for a total transaction of $686,497.47. Following the completion of the sale, the director now directly owns 147,416 shares in the company, valued at $11,384,937.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 54.90% of the company’s stock.

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.

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Dividend History for BOK Financial (NASDAQ:BOKF)

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