$391.73 Million in Sales Expected for BOK Financial Co. (BOKF) This Quarter

Wall Street analysts expect BOK Financial Co. (NASDAQ:BOKF) to report $391.73 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for BOK Financial’s earnings. The lowest sales estimate is $387.20 million and the highest is $399.73 million. BOK Financial reported sales of $356.23 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10%. The firm is expected to issue its next earnings results before the market opens on Wednesday, January 24th.

According to Zacks, analysts expect that BOK Financial will report full year sales of $391.73 million for the current year, with estimates ranging from $1.54 billion to $1.56 billion. For the next financial year, analysts anticipate that the company will report sales of $1.61 billion per share, with estimates ranging from $1.59 billion to $1.65 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for BOK Financial.

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 Thomson Reuters’ 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 quarter last year, the company earned $1.13 EPS.

Several brokerages have recently weighed in on BOKF. Zacks Investment Research upgraded shares of BOK Financial from a “hold” rating to a “strong-buy” rating and set a $108.00 price objective on the stock in a research note on Thursday, January 11th. Morgan Stanley increased their price objective on shares of BOK Financial from $85.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. ValuEngine upgraded shares of BOK Financial from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Royal Bank of Canada restated a “hold” rating and set a $92.00 target price on shares of BOK Financial in a research note on Friday, October 27th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $89.00 target price on shares of BOK Financial in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. BOK Financial presently has a consensus rating of “Hold” and a consensus price target of $93.75.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. grew its holdings in BOK Financial by 10.3% during the 2nd 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 in the last quarter. Legal & General Group Plc grew its holdings in BOK Financial by 1.5% during the 2nd 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in BOK Financial by 38.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,544 shares of the bank’s stock valued at $887,000 after buying an additional 2,942 shares in the last quarter. Wells Fargo & Company MN grew its holdings in BOK Financial by 2.7% during the 2nd quarter. Wells Fargo & Company MN now owns 276,496 shares of the bank’s stock valued at $23,262,000 after buying an additional 7,309 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in BOK Financial by 3.7% during the 2nd quarter. Teachers Advisors LLC now owns 29,983 shares of the bank’s stock valued at $2,522,000 after buying an additional 1,072 shares in the last quarter. Institutional investors own 31.56% of the company’s stock.

BOK Financial (NASDAQ:BOKF) opened at $96.70 on Monday. BOK Financial has a one year low of $73.44 and a one year high of $96.96. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.82. The firm has a market cap of $6,329.67, a P/E ratio of 20.27, a PEG ratio of 2.00 and a beta of 1.00.

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About BOK Financial

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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