Analysts expect BOK Financial Co. (NASDAQ:BOKF) to report earnings per share of $1.69 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for BOK Financial’s earnings, with estimates ranging from $1.61 to $1.76. BOK Financial reported earnings per share of $1.29 during the same quarter last year, which would suggest a positive year over year growth rate of 31%. The company is expected to report its next earnings results on Wednesday, January 23rd.
On average, analysts expect that BOK Financial will report full-year earnings of $6.89 per share for the current financial year, with EPS estimates ranging from $6.76 to $6.97. For the next year, analysts expect that the company will post earnings of $7.42 per share, with EPS estimates ranging from $7.14 to $7.56. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for BOK Financial.
BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Wednesday, October 24th. The bank reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.04. The firm had revenue of $408.82 million for the quarter, compared to the consensus estimate of $403.09 million. BOK Financial had a return on equity of 11.84% and a net margin of 23.20%. During the same quarter last year, the business posted $1.31 EPS.
BOKF has been the topic of a number of research reports. Raymond James dropped their price target on BOK Financial from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. BidaskClub raised BOK Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Wells Fargo & Co set a $100.00 price objective on BOK Financial and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. ValuEngine raised BOK Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research raised BOK Financial from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a research report on Monday, August 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. BOK Financial currently has a consensus rating of “Hold” and a consensus price target of $105.79.
NASDAQ:BOKF traded down $0.19 during mid-day trading on Friday, reaching $79.89. 273,902 shares of the stock were exchanged, compared to its average volume of 239,214. The company has a market capitalization of $5.24 billion, a PE ratio of 15.10, a P/E/G ratio of 1.79 and a beta of 1.09. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.70. BOK Financial has a 1 year low of $78.44 and a 1 year high of $107.00.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 26th. Shareholders of record on Monday, November 12th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.50%. This is a boost from BOK Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, November 8th. BOK Financial’s dividend payout ratio (DPR) is presently 37.81%.
In other BOK Financial news, EVP Joseph A. Gottron II purchased 400 shares of BOK Financial stock in a transaction dated Wednesday, October 31st. The stock was acquired at an average cost of $86.07 per share, with a total value of $34,428.00. Following the acquisition, the executive vice president now directly owns 6,556 shares of the company’s stock, valued at $564,274.92. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John W. Coffey purchased 3,000 shares of BOK Financial stock in a transaction dated Tuesday, November 20th. The stock was acquired at an average cost of $81.74 per share, with a total value of $245,220.00. Following the completion of the acquisition, the director now directly owns 3,225 shares in the company, valued at $263,611.50. The disclosure for this purchase can be found here. 60.50% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. NumerixS Investment Technologies Inc acquired a new stake in shares of BOK Financial in the 2nd quarter valued at approximately $104,000. Bank of Montreal Can acquired a new stake in shares of BOK Financial in the 2nd quarter valued at approximately $120,000. Macquarie Group Ltd. acquired a new stake in shares of BOK Financial in the 2nd quarter valued at approximately $133,000. SG Americas Securities LLC acquired a new stake in shares of BOK Financial in the 3rd quarter valued at approximately $146,000. Finally, MML Investors Services LLC acquired a new stake in shares of BOK Financial in the 3rd quarter valued at approximately $201,000. 36.37% of the stock is owned by institutional investors and hedge funds.
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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