Equities analysts predict that BOK Financial Co. (NASDAQ:BOKF) will report $387.58 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for BOK Financial’s earnings. The highest sales estimate is $390.70 million and the lowest is $383.80 million. BOK Financial reported sales of $365.54 million during the same quarter last year, which would suggest a positive year over year growth rate of 6%. The business is expected to announce its next quarterly earnings results on Wednesday, April 25th.
On average, analysts expect that BOK Financial will report full year sales of $387.58 million for the current year, with estimates ranging from $1.59 billion to $1.61 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.68 billion per share, with estimates ranging from $1.67 billion to $1.68 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow BOK Financial.
BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.05). BOK Financial had a net margin of 20.14% and a return on equity of 10.00%. The company had revenue of $383.70 million for the quarter, compared to the consensus estimate of $391.73 million. During the same quarter last year, the business posted $1.09 earnings per share.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. George Kaiser Family Foundation increased its holdings in BOK Financial by 40.5% in the 4th quarter. George Kaiser Family Foundation now owns 2,809,755 shares of the bank’s stock worth $259,397,000 after acquiring an additional 809,755 shares during the last quarter. Aristotle Capital Management LLC increased its holdings in BOK Financial by 7.0% in the 4th quarter. Aristotle Capital Management LLC now owns 2,212,505 shares of the bank’s stock worth $204,258,000 after acquiring an additional 143,951 shares during the last quarter. BlackRock Inc. increased its holdings in BOK Financial by 0.7% in the 4th quarter. BlackRock Inc. now owns 1,055,560 shares of the bank’s stock worth $97,450,000 after acquiring an additional 6,963 shares during the last quarter. Principal Financial Group Inc. increased its holdings in BOK Financial by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 671,875 shares of the bank’s stock worth $59,850,000 after acquiring an additional 9,624 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in BOK Financial by 5.9% in the 4th quarter. Royce & Associates LP now owns 477,579 shares of the bank’s stock worth $44,090,000 after acquiring an additional 26,752 shares during the last quarter. 33.46% of the stock is owned by institutional investors.
BOK Financial (NASDAQ BOKF) opened at $100.49 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.87 and a current ratio of 0.88. BOK Financial has a 52 week low of $73.44 and a 52 week high of $101.92. The firm has a market capitalization of $6,614.69, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, February 8th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.79%. BOK Financial’s dividend payout ratio (DPR) is currently 35.16%.
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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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