Research Analysts Set Expectations for BOK Financial Co.’s Q1 2018 Earnings (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF) – Equities researchers at Wedbush issued their Q1 2018 earnings per share (EPS) estimates for BOK Financial in a research report issued on Thursday, according to Zacks Investment Research. Wedbush analyst P. Winter anticipates that the bank will post earnings per share of $1.55 for the quarter. Wedbush also issued estimates for BOK Financial’s Q2 2018 earnings at $1.68 EPS, Q3 2018 earnings at $1.71 EPS, Q4 2018 earnings at $1.66 EPS, FY2018 earnings at $6.60 EPS, Q2 2019 earnings at $1.76 EPS and Q3 2019 earnings at $1.84 EPS.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $1.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.05). The business had revenue of $383.70 million for the quarter, compared to analyst estimates of $391.73 million. BOK Financial had a return on equity of 10.05% and a net margin of 20.14%. During the same period in the previous year, the business posted $1.09 EPS.

Several other brokerages also recently commented on BOKF. Piper Jaffray Companies reaffirmed a “hold” rating and set a $89.00 price objective on shares of BOK Financial in a research note on Thursday, October 19th. Zacks Investment Research downgraded BOK Financial from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. ValuEngine downgraded BOK Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. DA Davidson reissued a “hold” rating and issued a $103.00 price target on shares of BOK Financial in a research note on Thursday, January 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of BOK Financial in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. BOK Financial has an average rating of “Hold” and a consensus target price of $97.89.

Shares of BOK Financial (NASDAQ:BOKF) opened at $93.83 on Monday. The company has a market capitalization of $6,140.00, a price-to-earnings ratio of 19.67, a P/E/G ratio of 1.80 and a beta of 1.01. BOK Financial has a 12 month low of $73.44 and a 12 month high of $98.80. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.90 and a current ratio of 0.91.

Several large investors have recently added to or reduced their stakes in BOKF. Schwab Charles Investment Management Inc. increased its position in shares of BOK Financial by 10.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 104,076 shares of the bank’s stock valued at $8,756,000 after acquiring an additional 9,757 shares during the last quarter. Legal & General Group Plc increased its position in shares of BOK Financial by 1.5% in the second quarter. Legal & General Group Plc now owns 8,819 shares of the bank’s stock valued at $742,000 after acquiring an additional 129 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of BOK Financial by 38.7% in the second quarter. JPMorgan Chase & Co. now owns 10,544 shares of the bank’s stock valued at $887,000 after acquiring an additional 2,942 shares during the last quarter. Teachers Advisors LLC increased its position in shares of BOK Financial by 3.7% in the second quarter. Teachers Advisors LLC now owns 29,983 shares of the bank’s stock valued at $2,522,000 after acquiring an additional 1,072 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of BOK Financial by 1.9% in the second quarter. TIAA CREF Investment Management LLC now owns 52,179 shares of the bank’s stock valued at $4,390,000 after acquiring an additional 954 shares during the last quarter. 32.68% of the stock is currently owned by institutional investors and hedge funds.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.92%. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. BOK Financial’s payout ratio is currently 37.74%.

TRADEMARK VIOLATION NOTICE: “Research Analysts Set Expectations for BOK Financial Co.’s Q1 2018 Earnings (NASDAQ:BOKF)” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2018/02/13/wedbush-weighs-in-on-bok-financial-co-s-q1-2018-earnings-bokf.html.

BOK Financial 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.

Get a free copy of the Zacks research report on BOK Financial (BOKF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for BOK Financial (NASDAQ:BOKF)

Receive News & Ratings for BOK Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOK Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply