Zacks: Brokerages Anticipate BOK Financial Corporation (BOKF) to Announce $1.34 EPS

Wall Street analysts expect BOK Financial Corporation (NASDAQ:BOKF) to announce $1.34 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for BOK Financial’s earnings, with estimates ranging from $1.27 to $1.38. BOK Financial reported earnings per share of $0.76 in the same quarter last year, which would suggest a positive year-over-year growth rate of 76.3%. The company is scheduled to announce its next quarterly earnings report on Wednesday, January 24th.

On average, analysts expect that BOK Financial will report full year earnings of $5.36 per share for the current year, with EPS estimates ranging from $5.27 to $5.43. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.45 per share, with EPS estimates ranging from $5.33 to $5.52. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover BOK Financial.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.05). The firm had revenue of $394.16 million during the quarter, compared to analyst estimates of $392.05 million. BOK Financial had a net margin of 19.31% and a return on equity of 9.15%. During the same quarter last year, the company earned $1.13 EPS.

Several research analysts have weighed in on the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $89.00 target price on shares of BOK Financial in a research report on Tuesday, September 12th. Zacks Investment Research raised BOK Financial from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Tuesday, September 26th. ValuEngine raised BOK Financial from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $86.00 target price (up from $85.00) on shares of BOK Financial in a research report on Wednesday, October 4th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $92.00 target price on shares of BOK Financial in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. BOK Financial currently has an average rating of “Hold” and a consensus target price of $92.13.

A number of hedge funds have recently modified their holdings of BOKF. Schwab Charles Investment Management Inc. lifted its position in shares of BOK Financial by 10.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 104,076 shares of the bank’s stock worth $8,756,000 after buying an additional 9,757 shares during the period. Bank of New York Mellon Corp grew its stake in shares of BOK Financial by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 183,362 shares of the bank’s stock worth $15,427,000 after purchasing an additional 8,015 shares during the period. Legal & General Group Plc grew its stake in shares of BOK Financial by 1.5% during the second quarter. Legal & General Group Plc now owns 8,819 shares of the bank’s stock worth $742,000 after purchasing an additional 129 shares during the period. Marshall Wace North America L.P. grew its stake in shares of BOK Financial by 55.2% during the second quarter. Marshall Wace North America L.P. now owns 10,174 shares of the bank’s stock worth $854,000 after purchasing an additional 3,619 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of BOK Financial by 8.9% during the second quarter. State Board of Administration of Florida Retirement System now owns 33,137 shares of the bank’s stock worth $2,788,000 after purchasing an additional 2,700 shares during the period. 31.56% of the stock is currently owned by institutional investors.

Shares of BOK Financial (NASDAQ:BOKF) traded up $0.03 during trading on Wednesday, reaching $92.35. The company had a trading volume of 133,100 shares, compared to its average volume of 176,700. The stock has a market cap of $6,042.97, a P/E ratio of 19.36, a P/E/G ratio of 2.12 and a beta of 1.00. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.90 and a current ratio of 0.91. BOK Financial has a 1 year low of $73.44 and a 1 year high of $93.97.

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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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