BOK Financial (BOKF) Set to Announce Quarterly Earnings on Wednesday

BOK Financial (NASDAQ:BOKF) will announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.72 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.49). The firm had revenue of $843.21 million for the quarter, compared to analyst estimates of $485.87 million. BOK Financial had a return on equity of 11.46% and a net margin of 16.94%. During the same quarter in the previous year, the company earned $2.51 earnings per share. On average, analysts expect BOK Financial to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

BOK Financial Trading Down 1.1 %

BOKF stock opened at $85.35 on Wednesday. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 10.67 and a beta of 1.21. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.52. The business has a fifty day simple moving average of $86.47 and a 200-day simple moving average of $80.92. BOK Financial has a 52 week low of $62.42 and a 52 week high of $92.75.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $2.20 dividend on an annualized basis and a yield of 2.58%. BOK Financial’s dividend payout ratio (DPR) is 27.50%.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the transaction, the director now directly owns 50,985 shares in the company, valued at approximately $4,159,866.15. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 59.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BOKF. Schonfeld Strategic Advisors LLC grew its stake in BOK Financial by 11,085.4% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 357,933 shares of the bank’s stock worth $37,150,000 after buying an additional 354,733 shares during the last quarter. State Street Corp increased its stake in BOK Financial by 37.0% in the first quarter. State Street Corp now owns 1,231,625 shares of the bank’s stock valued at $115,711,000 after purchasing an additional 332,904 shares in the last quarter. Norges Bank bought a new stake in BOK Financial in the fourth quarter valued at approximately $30,754,000. Millennium Management LLC increased its stake in BOK Financial by 75.3% in the fourth quarter. Millennium Management LLC now owns 587,487 shares of the bank’s stock valued at $60,975,000 after purchasing an additional 252,346 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in BOK Financial by 87.0% in the second quarter. Point72 Asset Management L.P. now owns 151,301 shares of the bank’s stock valued at $12,222,000 after purchasing an additional 70,404 shares in the last quarter. Institutional investors own 34.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Truist Financial upped their price objective on shares of BOK Financial from $90.00 to $99.00 and gave the company a “hold” rating in a research report on Monday, April 1st. StockNews.com lowered shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Raymond James upgraded shares of BOK Financial from a “market perform” rating to an “outperform” rating and set a $103.00 price target on the stock in a research note on Thursday, April 4th. Royal Bank of Canada raised their price target on shares of BOK Financial from $93.00 to $94.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 9th. Finally, Stephens raised their price target on shares of BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, BOK Financial has an average rating of “Hold” and an average price target of $96.22.

BOK Financial Company Profile

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.