BOK Financial Corporation (NASDAQ:BOKF) – Investment analysts at Wedbush raised their Q4 2017 earnings per share (EPS) estimates for shares of BOK Financial Corporation in a research note issued on Thursday, Zacks Investment Research reports. Wedbush analyst P. Winter now forecasts that the bank will earn $1.38 per share for the quarter, up from their prior forecast of $1.35. Wedbush also issued estimates for BOK Financial Corporation’s FY2018 earnings at $5.47 EPS.
BOK Financial Corporation (NASDAQ:BOKF) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.05). The company had revenue of $394.16 million for the quarter, compared to the consensus estimate of $392.05 million. BOK Financial Corporation had a return on equity of 9.15% and a net margin of 19.31%. During the same quarter in the previous year, the business earned $1.13 earnings per share.
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BOKF has been the subject of a number of other research reports. BidaskClub cut BOK Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Piper Jaffray Companies reiterated a “hold” rating and set a $89.00 price objective on shares of BOK Financial Corporation in a research note on Thursday, October 19th. Zacks Investment Research cut BOK Financial Corporation from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. ValuEngine raised BOK Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $92.00 target price on shares of BOK Financial Corporation in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $90.50.
Shares of BOK Financial Corporation (BOKF) opened at $82.54 on Friday. The firm has a market capitalization of $5,415.89, a P/E ratio of 17.35, a PEG ratio of 1.93 and a beta of 1.01. BOK Financial Corporation has a 1 year low of $73.44 and a 1 year high of $92.08. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.91 and a quick ratio of 0.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.18%. This is an increase from BOK Financial Corporation’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Friday, November 10th. BOK Financial Corporation’s payout ratio is presently 36.90%.
Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of BOK Financial Corporation in the third quarter valued at about $101,000. CIBC Asset Management Inc purchased a new position in shares of BOK Financial Corporation in the third quarter valued at about $201,000. BNP Paribas Arbitrage SA lifted its position in shares of BOK Financial Corporation by 560.6% in the third quarter. BNP Paribas Arbitrage SA now owns 2,550 shares of the bank’s stock valued at $227,000 after acquiring an additional 2,164 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of BOK Financial Corporation by 56.1% in the second quarter. D.A. Davidson & CO. now owns 3,079 shares of the bank’s stock worth $259,000 after buying an additional 1,106 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of BOK Financial Corporation by 81.3% in the first quarter. UBS Group AG now owns 3,670 shares of the bank’s stock worth $288,000 after buying an additional 1,646 shares in the last quarter. Institutional investors and hedge funds own 31.65% of the company’s stock.
BOK Financial Corporation Company Profile
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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