Equities analysts predict that BOK Financial Co. (NASDAQ:BOKF) will announce earnings per share (EPS) of $1.52 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for BOK Financial’s earnings, with estimates ranging from $1.40 to $1.58. BOK Financial reported earnings of $1.35 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 12.6%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, April 25th.
On average, analysts expect that BOK Financial will report full year earnings of $6.42 per share for the current financial year, with EPS estimates ranging from $6.22 to $6.60. For the next fiscal year, analysts anticipate that the firm will report earnings of $6.73 per share, with EPS estimates ranging from $6.40 to $6.92. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for BOK Financial.
BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Wednesday, January 24th. The bank reported $1.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.05). BOK Financial had a return on equity of 10.05% and a net margin of 20.14%. The firm had revenue of $383.70 million for the quarter, compared to the consensus estimate of $391.73 million. During the same period last year, the company posted $1.09 earnings per share.
BOKF has been the topic of several analyst reports. ValuEngine raised shares of BOK Financial from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Stephens reaffirmed a “buy” rating and set a $104.00 price target on shares of BOK Financial in a research report on Thursday, January 25th. BidaskClub raised shares of BOK Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Morgan Stanley upped their price target on shares of BOK Financial from $99.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $92.00 price target on shares of BOK Financial in a research report on Friday, October 27th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $97.89.
Shares of BOK Financial (NASDAQ:BOKF) opened at $94.89 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.82. BOK Financial has a 1 year low of $73.44 and a 1 year high of $98.80. The stock has a market cap of $6,317.81, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 1.88 and a beta of 1.01.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders 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 is a positive change from BOK Financial’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.90%. BOK Financial’s dividend payout ratio is presently 35.16%.
Several institutional investors and hedge funds have recently modified their holdings of the company. George Kaiser Family Foundation raised its position in shares of BOK Financial by 40.5% in the fourth quarter. George Kaiser Family Foundation now owns 2,809,755 shares of the bank’s stock valued at $259,397,000 after purchasing an additional 809,755 shares during the period. Aristotle Capital Management LLC raised its position in shares of BOK Financial by 7.0% in the fourth quarter. Aristotle Capital Management LLC now owns 2,212,505 shares of the bank’s stock valued at $204,258,000 after purchasing an additional 143,951 shares during the period. BlackRock Inc. raised its position in shares of BOK Financial by 0.7% in the fourth quarter. BlackRock Inc. now owns 1,055,560 shares of the bank’s stock valued at $97,450,000 after purchasing an additional 6,963 shares during the period. Principal Financial Group Inc. raised its position in shares of BOK Financial by 1.5% in the third quarter. Principal Financial Group Inc. now owns 671,875 shares of the bank’s stock valued at $59,850,000 after purchasing an additional 9,624 shares during the period. Finally, Royce & Associates LP raised its position in shares of BOK Financial by 5.9% in the fourth quarter. Royce & Associates LP now owns 477,579 shares of the bank’s stock valued at $44,090,000 after purchasing an additional 26,752 shares during the period. 32.97% of the stock is currently owned by institutional investors.
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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.
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