BOK Financial Co. (NASDAQ:BOKF) – Equities researchers at DA Davidson upped their Q1 2018 earnings per share (EPS) estimates for BOK Financial in a note issued to investors on Thursday. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings of $1.58 per share for the quarter, up from their previous estimate of $1.28. DA Davidson has a “Hold” rating and a $103.00 price target on the stock. DA Davidson also issued estimates for BOK Financial’s Q2 2018 earnings at $1.71 EPS and FY2018 earnings at $6.57 EPS.
BOK Financial (NASDAQ:BOKF) last announced its earnings results on Wednesday, January 24th. The bank reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.05). BOK Financial had a net margin of 20.14% and a return on equity of 10.05%. The business had revenue of $383.70 million during the quarter, compared to analysts’ expectations of $391.73 million. During the same period in the previous year, the company posted $1.09 earnings per share.
Shares of BOK Financial (BOKF) opened at $98.07 on Monday. BOK Financial has a 1-year low of $73.44 and a 1-year high of $98.41. 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 company has a market cap of $6,367.51, a PE ratio of 19.15, a PEG ratio of 2.01 and a beta of 1.00.
Several institutional investors have recently modified their holdings of BOKF. Vanguard Group Inc. increased its stake in shares of BOK Financial by 3.0% during the second quarter. Vanguard Group Inc. now owns 2,496,617 shares of the bank’s stock worth $210,041,000 after acquiring an additional 73,025 shares during the period. 361 Capital LLC acquired a new position in shares of BOK Financial during the second quarter worth about $2,255,000. Chicago Equity Partners LLC increased its stake in shares of BOK Financial by 31.3% during the third quarter. Chicago Equity Partners LLC now owns 86,094 shares of the bank’s stock worth $7,669,000 after acquiring an additional 20,520 shares during the period. Prudential Financial Inc. acquired a new position in shares of BOK Financial during the third quarter worth about $1,659,000. Finally, New York State Common Retirement Fund increased its stake in shares of BOK Financial by 30.9% during the second quarter. New York State Common Retirement Fund now owns 73,038 shares of the bank’s stock worth $6,145,000 after acquiring an additional 17,237 shares during the period. Institutional investors and hedge funds own 31.56% of the company’s stock.
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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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