Wall Street analysts expect that BOK Financial Co. (NASDAQ:BOKF) will report $1.70 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for BOK Financial’s earnings, with the lowest EPS estimate coming in at $1.65 and the highest estimate coming in at $1.78. BOK Financial posted earnings per share of $1.35 in the same quarter last year, which indicates a positive year over year growth rate of 25.9%. The company is expected to issue its next quarterly earnings results on Wednesday, July 25th.
On average, analysts expect that BOK Financial will report full-year earnings of $6.70 per share for the current year, with EPS estimates ranging from $6.48 to $6.86. For the next fiscal year, analysts anticipate that the company will post earnings of $6.99 per share, with EPS estimates ranging from $6.85 to $7.13. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that cover BOK Financial.
BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, April 25th. The bank reported $1.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.09. The company had revenue of $375.73 million during the quarter, compared to analysts’ expectations of $385.36 million. BOK Financial had a return on equity of 10.39% and a net margin of 20.79%. During the same quarter last year, the company earned $1.35 EPS.
Several equities analysts have recently weighed in on the company. Hovde Group cut BOK Financial from an “outperform” rating to a “market perform” rating and set a $103.00 price objective for the company. in a report on Thursday, January 25th. BidaskClub cut BOK Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 1st. Morgan Stanley raised their price objective on BOK Financial from $99.00 to $101.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. DA Davidson restated a “hold” rating and issued a $103.00 price objective on shares of BOK Financial in a report on Thursday, January 25th. Finally, Royal Bank of Canada raised their price objective on BOK Financial to $100.00 and gave the company a “sector perform” rating in a report on Thursday, January 25th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $103.22.
In related news, EVP Norman P. Bagwell sold 584 shares of BOK Financial stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $99.00, for a total transaction of $57,816.00. Following the completion of the transaction, the executive vice president now owns 34,415 shares in the company, valued at $3,407,085. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Norman P. Bagwell sold 3,926 shares of BOK Financial stock in a transaction dated Friday, April 27th. The stock was sold at an average price of $102.60, for a total value of $402,807.60. Following the transaction, the executive vice president now owns 31,614 shares of the company’s stock, valued at approximately $3,243,596.40. The disclosure for this sale can be found here. Insiders have sold 12,521 shares of company stock valued at $1,246,663 in the last quarter. 60.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of BOKF. Three Peaks Capital Management LLC bought a new position in BOK Financial during the first quarter worth about $112,000. Barclays PLC boosted its holdings in shares of BOK Financial by 598.8% during the first quarter. Barclays PLC now owns 1,167 shares of the bank’s stock worth $116,000 after acquiring an additional 1,000 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of BOK Financial during the fourth quarter worth approximately $138,000. Meeder Asset Management Inc. bought a new stake in shares of BOK Financial during the first quarter worth approximately $150,000. Finally, Parametrica Management Ltd bought a new stake in shares of BOK Financial during the first quarter worth approximately $230,000. Institutional investors and hedge funds own 33.23% of the company’s stock.
Shares of NASDAQ BOKF traded down $0.71 during mid-day trading on Friday, hitting $104.13. The company had a trading volume of 84,963 shares, compared to its average volume of 150,901. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 1.96 and a beta of 0.93. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.93 and a quick ratio of 0.92. BOK Financial has a one year low of $77.10 and a one year high of $107.00.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 11th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, May 10th. BOK Financial’s payout ratio is currently 34.03%.
BOK Financial Company Profile
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.
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