BOK Financial (NASDAQ:BOKF) reported its earnings on July 22nd. The bank earned $2.54 per share, exceeding the expected $1.89. It had a return on equity of 9.94% and a net margin of 13.92%. Revenue for the quarter was $871.84 million, well above the forecast of $520.43 million. Last year, it posted $2.27 EPS. Analysts predict $8 EPS for both this and next fiscal year.
BOK Financial Shares Rise 2.7%
Shares opened at $107.95. The stock’s range over the past year is $62.42 to $109.00. The market cap is $6.96 billion, with a PE ratio of 15.74 and a beta of 1.17.
BOK Financial Announces Dividend
BOK Financial declared a quarterly dividend of $0.55, paid on August 30th to stockholders on record from August 15th. This equates to an annual dividend of $2.20, yielding 2.04%.
Analyst Ratings
Several firms have updated their ratings on BOKF. Wells Fargo increased its price target to $102.00, and Royal Bank of Canada raised it to $114.00. Truist Financial upgraded the stock from “hold” to “buy” with a target of $123.00. Currently, the consensus rating is “Hold” with an average target price of $109.80.
Check Out Our Latest Report on BOKF
BOK Financial Overview
BOK Financial Corporation provides various financial services across several U.S. states, operating through Commercial Banking, Consumer Banking, and Wealth Management segments.
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