NasdaqGS:BOKF

Stock Analysis Report

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Executive Summary

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.


Snowflake Analysis

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has BOK Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BOKF's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.9%

BOKF

-3.8%

US Banks

1.7%

US Market


1 Year Return

-32.1%

BOKF

-29.2%

US Banks

6.0%

US Market

Return vs Industry: BOKF underperformed the US Banks industry which returned -29.2% over the past year.

Return vs Market: BOKF underperformed the US Market which returned 6% over the past year.


Shareholder returns

BOKFIndustryMarket
7 Day-2.9%-3.8%1.7%
30 Day-23.4%-17.9%-0.5%
90 Day-3.8%-1.1%17.8%
1 Year-30.1%-32.1%-26.7%-29.2%8.2%6.0%
3 Year-34.8%-39.3%-18.6%-25.2%36.3%27.4%
5 Year-15.4%-25.2%5.2%-7.5%63.0%45.0%

Price Volatility Vs. Market

How volatile is BOK Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is BOK Financial undervalued compared to its fair value and its price relative to the market?

8.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BOKF ($51.7) is trading above our estimate of fair value ($47.41)

Significantly Below Fair Value: BOKF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BOKF is good value based on its PE Ratio (8.1x) compared to the Banks industry average (9.3x).

PE vs Market: BOKF is good value based on its PE Ratio (8.1x) compared to the US market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: BOKF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BOKF is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is BOK Financial forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

-0.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BOKF's earnings are forecast to decline over the next 3 years (-0.5% per year).

Earnings vs Market: BOKF's earnings are forecast to decline over the next 3 years (-0.5% per year).

High Growth Earnings: BOKF's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BOKF's revenue (0.7% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: BOKF's revenue (0.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BOKF's Return on Equity is forecast to be low in 3 years time (7.1%).


Next Steps

Past Performance

How has BOK Financial performed over the past 5 years?

14.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BOKF has high quality earnings.

Growing Profit Margin: BOKF's current net profit margins (26.7%) are lower than last year (27.3%).


Past Earnings Growth Analysis

Earnings Trend: BOKF's earnings have grown by 14.8% per year over the past 5 years.

Accelerating Growth: BOKF's earnings growth over the past year (0.5%) is below its 5-year average (14.8% per year).

Earnings vs Industry: BOKF earnings growth over the past year (0.5%) underperformed the Banks industry 1.8%.


Return on Equity

High ROE: BOKF's Return on Equity (9%) is considered low.


Next Steps

Financial Health

How is BOK Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BOKF's Assets to Equity ratio (9.4x) is low.

Allowance for Bad Loans: BOKF has a sufficient allowance for bad loans (124%).

Low Risk Liabilities: 69% of BOKF's liabilities are made up of primarily low risk sources of funding.

Loan Level: BOKF has an appropriate level of Loans to Assets ratio (47%).

Low Risk Deposits: BOKF's Loans to Deposits ratio (76%) is appropriate.

Level of Bad Loans: BOKF has an appropriate level of bad loans (1.1%).


Next Steps

Dividend

What is BOK Financial current dividend yield, its reliability and sustainability?

3.95%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BOKF's dividend (3.95%) is higher than the bottom 25% of dividend payers in the US market (1.68%).

High Dividend: BOKF's dividend (3.95%) is low compared to the top 25% of dividend payers in the US market (4.6%).


Stability and Growth of Payments

Stable Dividend: BOKF's dividends per share have been stable in the past 10 years.

Growing Dividend: BOKF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.8%), BOKF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BOKF's dividends in 3 years are forecast to be well covered by earnings (40.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.2yrs

Average management tenure


CEO

Steve Bradshaw (60yo)

6.5yrs

Tenure

US$3,818,371

Compensation

Mr. Steven Glen Bradshaw, also known as Steve, serves as President and Chief Executive Officer of BOK Financial Corporation (“BOK Financial”) and BOKF, National Association ("BOKF") since January 1, 2014.  ...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD3.82M) is below average for companies of similar size in the US market ($USD5.83M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Steven Bradshaw
President6.5yrsUS$3.82m0.36% $12.9m
Steven Nell
Executive VP2.5yrsUS$1.54m0.10% $3.7m
Stacy Kymes
Executive VP & Corporate Banking Executiveno dataUS$1.53m0.082% $3.0m
Scott Grauer
Executive Vice President of Wealth Managementno dataUS$1.48m0.075% $2.7m
Norman Bagwell
Executive VP & Regional Banking Executiveno dataUS$1.34m0.074% $2.7m
John Morrow
Senior VP & Chief Accounting Officer11.5yrsno data0.019% $704.1k
Joseph Gottron
Executive VP & Chief Information Officer2.83yrsno data0.026% $935.3k
Frederic Dorwart
Secretary & Legal Counselno datano datano data
Dean Miller
Senior Vice President and Senior Compliance Manager9.83yrsno datano data
Sue Hermann
Senior VP & Director of Corporate Communications1.33yrsno datano data

8.2yrs

Average Tenure

57yo

Average Age

Experienced Management: BOKF's management team is seasoned and experienced (8.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Steven Bradshaw
President6.5yrsUS$3.82m0.36% $12.9m
Steven Nell
Executive VP2.5yrsUS$1.54m0.10% $3.7m
David Ralston
Chairman & CEO of Bank of Arizonano datano datano data
Jennifer Thomas
Chairman & CEO of Bank of Albuquerque10.83yrsno datano data
George Kaiser
Independent Chairman29.5yrsno data54.47% $2.0b
Joseph Craft
Independent Director13.25yrsUS$42.28k0.0045% $162.1k
E. Joullian
Independent Director25.5yrsUS$58.28k0.0064% $231.9k
John Wilkinson
Chairman Emeritus of Colorado State Bank & Trust N Ano datano datano data
Robert Goodman
Vice Chairman Bank of Albuquerque N A and Director of Bank of Albuquerque N Ano datano datano data
John Coffey
Director2.5yrsUS$39.03kno data

10.8yrs

Average Tenure

60yo

Average Age

Experienced Board: BOKF's board of directors are seasoned and experienced ( 10.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BOKF insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BOK Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BOK Financial Corporation
  • Ticker: BOKF
  • Exchange: NasdaqGS
  • Founded: 1910
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$3.635b
  • Shares outstanding: 70.31m
  • Website: https://investor.bokf.com

Number of Employees


Location

  • BOK Financial Corporation
  • Bank of Oklahoma Tower
  • Boston Avenue at Second Street
  • Tulsa
  • Oklahoma
  • 74172
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOKFNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDSep 1991
BJRDB (Deutsche Boerse AG)YesCommon StockDEEURSep 1991
BOKF.LNasdaqGS (Nasdaq Global Select)SUB NTSUSUSDJun 2016

Biography

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. The Commercial Banking segment offers lending, treasury, and cash management services, as well as customer risk management products for small businesses, middle market, and larger commercial customers. This segment also operates TransFund electronic funds transfer network. The Consumer Banking segment provides lending and deposit services to small business customers through the retail branch network; and mortgage banking services. The Wealth Management segment offers fiduciary, private banking, and investment advisory services; insurance services; and brokerage and trading services, as well as underwrites state and municipal securities. The company also provides commercial loans, such as loans for working capital, facilities acquisition or expansion, purchases of equipment, and other needs of commercial customers; and service, healthcare, manufacturing, wholesale/retail, energy, and other sector loans. In addition, it offers commercial real estate loans for the construction of buildings or other enhancements to real estate and property held by borrowers for investment purposes; and residential mortgage, personal, and home equity loans. Further, the company provides automated teller machine (ATM), call center, and Internet and mobile banking services. As of December 31, 2019, it operated 2,463 TransFund ATM locations. BOK Financial Corporation was founded in 1910 and is headquartered in Tulsa, Oklahoma. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/08 23:59
End of Day Share Price2020/07/08 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.