BOK Financial Co. (NASDAQ:BOKF) – Wedbush lowered their Q2 2018 earnings per share (EPS) estimates for BOK Financial in a research report issued on Sunday, July 1st. Wedbush analyst P. Winter now expects that the bank will post earnings per share of $1.70 for the quarter, down from their prior forecast of $1.71. Wedbush currently has a “Outperform” rating and a $112.00 target price on the stock.
BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, April 25th. The bank reported $1.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.09. BOK Financial had a return on equity of 10.39% and a net margin of 20.79%. The firm had revenue of $375.73 million for the quarter, compared to analysts’ expectations of $385.36 million. During the same period last year, the business posted $1.35 earnings per share.
A number of other research firms have also recently issued reports on BOKF. BidaskClub cut BOK Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 1st. Stephens reiterated a “buy” rating and issued a $112.00 target price on shares of BOK Financial in a research note on Monday, June 18th. Zacks Investment Research upgraded BOK Financial from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Friday, April 6th. Finally, DA Davidson raised their target price on BOK Financial from $103.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $107.72.
BOKF stock opened at $93.80 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.75 and a beta of 0.92. BOK Financial has a 1 year low of $77.10 and a 1 year high of $107.00.
In related news, EVP Patrick E. Piper sold 12,962 shares of BOK Financial stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $103.09, for a total transaction of $1,336,252.58. Following the sale, the executive vice president now directly owns 25,066 shares in the company, valued at $2,584,053.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joseph A. Gottron II acquired 2,100 shares of the business’s stock in a transaction that occurred on Friday, June 29th. The shares were bought at an average price of $94.63 per share, for a total transaction of $198,723.00. Following the completion of the purchase, the executive vice president now owns 6,156 shares of the company’s stock, valued at $582,542.28. The disclosure for this purchase can be found here. Insiders sold 22,964 shares of company stock worth $2,367,258 over the last quarter. 60.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Three Peaks Capital Management LLC bought a new stake in shares of BOK Financial during the first quarter valued at about $112,000. Barclays PLC raised its stake in shares of BOK Financial by 598.8% during the first quarter. Barclays PLC now owns 1,167 shares of the bank’s stock valued at $116,000 after purchasing an additional 1,000 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of BOK Financial during the first quarter valued at about $150,000. Parametrica Management Ltd bought a new stake in shares of BOK Financial during the first quarter valued at about $230,000. Finally, WINTON GROUP Ltd bought a new stake in shares of BOK Financial during the first quarter valued at about $270,000. Institutional investors and hedge funds own 33.50% of the company’s stock.
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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