Research Analysts Set Expectations for BOK Financial Corporation’s FY2019 Earnings (BOKF)

BOK Financial Corporation (NASDAQ:BOKF) – Research analysts at Wedbush issued their FY2019 earnings per share estimates for BOK Financial in a report issued on Thursday. Wedbush analyst P. Winter anticipates that the bank will post earnings per share of $6.80 for the year.

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

Several other brokerages have also recently weighed in on BOKF. Piper Jaffray Companies reissued a “hold” rating and issued a $89.00 price objective on shares of BOK Financial in a research note on Thursday, October 19th. Zacks Investment Research cut shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. ValuEngine cut shares of BOK Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Morgan Stanley reissued an “equal weight” rating and issued a $86.00 price objective (up previously from $85.00) on shares of BOK Financial in a research note on Wednesday, October 4th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $92.00 price objective on shares of BOK Financial in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. BOK Financial presently has an average rating of “Hold” and a consensus price target of $92.13.

Shares of BOK Financial (NASDAQ:BOKF) traded down $0.23 during trading on Friday, hitting $92.02. 198,000 shares of the company traded hands, compared to its average volume of 166,267. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.82. BOK Financial has a one year low of $73.44 and a one year high of $93.97. The company has a market capitalization of $6,060.00, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00.

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

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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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