Wedbush Weighs in on BOK Financial Co.’s Q1 2018 Earnings (BOKF)

BOK Financial Co. (NASDAQ:BOKF) – Analysts at Wedbush issued their Q1 2018 EPS estimates for shares of BOK Financial in a report released on Thursday. Wedbush analyst P. Winter expects that the bank will post earnings per share of $1.55 for the quarter. Wedbush also issued estimates for BOK Financial’s Q2 2018 earnings at $1.68 EPS, Q3 2018 earnings at $1.71 EPS, Q4 2018 earnings at $1.66 EPS, FY2018 earnings at $6.60 EPS, Q2 2019 earnings at $1.76 EPS and Q3 2019 earnings at $1.84 EPS.

Several other equities analysts have also commented on the company. ValuEngine lowered BOK Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Morgan Stanley increased their price objective on BOK Financial from $85.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Zacks Investment Research upgraded BOK Financial from a “hold” rating to a “strong-buy” rating and set a $108.00 price objective on the stock in a research report on Thursday, January 11th. Piper Jaffray Companies reiterated a “hold” rating and set a $89.00 price objective on shares of BOK Financial in a research report on Thursday, October 19th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $92.00 price objective on shares of BOK Financial in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $97.89.

BOK Financial (BOKF) opened at $98.07 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $6,367.51, a PE ratio of 19.15, a PEG ratio of 2.01 and a beta of 1.00. BOK Financial has a 1 year low of $73.44 and a 1 year high of $98.41.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Wednesday, January 24th. The bank reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.05). The business had revenue of $383.70 million during the quarter, compared to the consensus estimate of $391.73 million. BOK Financial had a return on equity of 10.05% and a net margin of 20.14%. During the same quarter in the prior year, the company earned $1.09 earnings per share.

Several institutional investors have recently made changes to their positions in BOKF. SG Americas Securities LLC purchased a new stake in BOK Financial during the 3rd quarter valued at about $101,000. State of Alaska Department of Revenue purchased a new stake in BOK Financial during the 4th quarter valued at about $138,000. CIBC Asset Management Inc purchased a new stake in BOK Financial during the 3rd quarter valued at about $201,000. Arthur Zaske & Associates LLC purchased a new stake in BOK Financial during the 3rd quarter valued at about $210,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in BOK Financial by 560.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,550 shares of the bank’s stock valued at $227,000 after acquiring an additional 2,164 shares during the period. Hedge funds and other institutional investors 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.

Earnings History and Estimates for BOK Financial (NASDAQ:BOKF)

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