Wall Street analysts expect that BOK Financial Co. (NASDAQ:BOKF) will post earnings per share of $1.69 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for BOK Financial’s earnings, with the highest EPS estimate coming in at $1.76 and the lowest estimate coming in at $1.61. BOK Financial posted earnings of $1.29 per share in the same quarter last year, which suggests a positive year over year growth rate of 31%. The company is scheduled to issue its next earnings report on Wednesday, January 23rd.
According to Zacks, analysts expect that BOK Financial will report full year earnings of $6.89 per share for the current financial year, with EPS estimates ranging from $6.76 to $6.97. For the next financial year, analysts anticipate that the company will post earnings of $7.42 per share, with EPS estimates ranging from $7.14 to $7.56. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover BOK Financial.
BOK Financial (NASDAQ:BOKF) last released its earnings results on Wednesday, October 24th. The bank reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.04. The firm had revenue of $408.82 million during the quarter, compared to the consensus estimate of $403.09 million. BOK Financial had a return on equity of 11.84% and a net margin of 23.20%. During the same period in the prior year, the firm posted $1.31 earnings per share.
BOKF has been the subject of a number of research analyst reports. Raymond James upgraded BOK Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 15th. Zacks Investment Research downgraded BOK Financial from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. BidaskClub upgraded BOK Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Wells Fargo & Co set a $100.00 target price on BOK Financial and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. Finally, ValuEngine downgraded BOK Financial from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. BOK Financial has a consensus rating of “Hold” and an average target price of $105.79.
In other news, EVP Joseph A. Gottron II bought 400 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were bought at an average cost of $86.07 per share, with a total value of $34,428.00. Following the purchase, the executive vice president now directly owns 6,556 shares in the company, valued at $564,274.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven Bangert sold 1,020 shares of the business’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $84.40, for a total transaction of $86,088.00. Following the sale, the director now directly owns 170,211 shares in the company, valued at $14,365,808.40. The disclosure for this sale can be found here. 60.50% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in BOKF. BlackRock Inc. raised its stake in BOK Financial by 14.2% during the 3rd quarter. BlackRock Inc. now owns 1,302,807 shares of the bank’s stock valued at $126,737,000 after purchasing an additional 161,830 shares during the period. Broadview Advisors LLC acquired a new stake in BOK Financial during the 3rd quarter valued at $9,045,000. The Manufacturers Life Insurance Company raised its stake in BOK Financial by 15.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 653,637 shares of the bank’s stock valued at $63,586,000 after purchasing an additional 89,424 shares during the period. Bank of America Corp DE raised its stake in BOK Financial by 47.2% during the 2nd quarter. Bank of America Corp DE now owns 167,778 shares of the bank’s stock valued at $15,772,000 after purchasing an additional 53,814 shares during the period. Finally, Vanguard Group Inc. raised its stake in BOK Financial by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,653,428 shares of the bank’s stock valued at $258,125,000 after purchasing an additional 52,210 shares during the period. 36.37% of the stock is currently owned by institutional investors.
BOKF traded down $0.19 during trading on Friday, reaching $79.89. The stock had a trading volume of 273,902 shares, compared to its average volume of 239,214. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 1.79 and a beta of 1.09. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.94 and a quick ratio of 0.93. BOK Financial has a 1-year low of $78.44 and a 1-year high of $107.00.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 26th. Stockholders of record on Monday, November 12th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, November 8th. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. BOK Financial’s dividend payout ratio is 37.81%.
About BOK Financial
BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.
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