Brokerages Expect BOK Financial Corporation (BOKF) to Post $1.36 Earnings Per Share
Equities analysts forecast that BOK Financial Corporation (NASDAQ:BOKF) will announce $1.36 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for BOK Financial Corporation’s earnings. The lowest EPS estimate is $1.34 and the highest is $1.38. BOK Financial Corporation posted earnings per share of $1.13 in the same quarter last year, which indicates a positive year-over-year growth rate of 20.4%. The company is expected to announce its next earnings report on Wednesday, October 25th.
On average, analysts expect that BOK Financial Corporation will report full year earnings of $5.39 per share for the current year, with EPS estimates ranging from $5.30 to $5.46. For the next fiscal year, analysts expect that the firm will report earnings of $5.56 per share, with EPS estimates ranging from $5.45 to $5.67. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for BOK Financial Corporation.
BOK Financial Corporation (NASDAQ:BOKF) last released its earnings results on Wednesday, July 26th. The bank reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. The firm had revenue of $387.46 million for the quarter, compared to analysts’ expectations of $384.52 million. BOK Financial Corporation had a net margin of 18.96% and a return on equity of 8.87%. During the same period in the previous year, the company earned $1.00 earnings per share.
A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of BOK Financial Corporation from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Thursday, August 3rd. BidaskClub lowered shares of BOK Financial Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Stephens set a $95.00 price target on shares of BOK Financial Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 26th. ValuEngine lowered shares of BOK Financial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $89.00 price target on shares of BOK Financial Corporation in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $86.67.
In related news, EVP Stacy Kymes sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $85.06, for a total value of $255,180.00. Following the transaction, the executive vice president now owns 29,627 shares of the company’s stock, valued at $2,520,072.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Donald T. Parker sold 5,312 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $82.01, for a total transaction of $435,637.12. Following the completion of the transaction, the executive vice president now directly owns 43,510 shares in the company, valued at approximately $3,568,255.10. The disclosure for this sale can be found here. In the last three months, insiders sold 17,712 shares of company stock worth $1,465,535. 62.00% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of BOKF. SG Americas Securities LLC increased its position in BOK Financial Corporation by 45.4% in the first quarter. SG Americas Securities LLC now owns 2,557 shares of the bank’s stock worth $200,000 after buying an additional 798 shares during the last quarter. Pacer Advisors Inc. increased its position in BOK Financial Corporation by 11.7% in the first quarter. Pacer Advisors Inc. now owns 2,686 shares of the bank’s stock worth $210,000 after buying an additional 282 shares during the last quarter. Laurion Capital Management LP acquired a new position in BOK Financial Corporation during the first quarter worth about $248,000. UBS Group AG increased its position in BOK Financial Corporation by 81.3% in the first quarter. UBS Group AG now owns 3,670 shares of the bank’s stock worth $288,000 after buying an additional 1,646 shares during the last quarter. Finally, Amalgamated Bank increased its position in BOK Financial Corporation by 3.2% in the first quarter. Amalgamated Bank now owns 3,684 shares of the bank’s stock worth $288,000 after buying an additional 115 shares during the last quarter. 32.72% of the stock is currently owned by institutional investors.
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BOK Financial Corporation (NASDAQ BOKF) traded up 0.02% on Tuesday, reaching $84.53. 64,329 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $84.59 and its 200 day moving average price is $82.10. BOK Financial Corporation has a 52-week low of $65.36 and a 52-week high of $88.80. The company has a market cap of $5.53 billion, a PE ratio of 18.45 and a beta of 0.99.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Wednesday, August 9th. BOK Financial Corporation’s payout ratio is 38.34%.
BOK Financial Corporation 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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