BOK Financial Co. (NASDAQ:BOKF) Expected to Post Earnings of $1.87 Per Share

Wall Street brokerages forecast that BOK Financial Co. (NASDAQ:BOKF) will report earnings of $1.87 per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for BOK Financial’s earnings. The lowest EPS estimate is $1.83 and the highest is $1.92. BOK Financial posted earnings of $1.65 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.3%. The business is scheduled to announce its next quarterly earnings results on Wednesday, January 29th.

On average, analysts expect that BOK Financial will report full-year earnings of $7.33 per share for the current year, with EPS estimates ranging from $7.30 to $7.38. For the next year, analysts expect that the business will post earnings of $7.23 per share, with EPS estimates ranging from $7.05 to $7.34. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for BOK Financial.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.08. The firm had revenue of $465.55 million during the quarter, compared to analyst estimates of $461.86 million. BOK Financial had a return on equity of 11.20% and a net margin of 22.88%. During the same period in the previous year, the company posted $1.79 EPS.

Several brokerages recently issued reports on BOKF. SunTrust Banks set a $82.00 price target on BOK Financial and gave the stock a “hold” rating in a report on Friday, October 25th. TheStreet cut BOK Financial from a “b” rating to a “c” rating in a research note on Wednesday, October 30th. Morgan Stanley dropped their price objective on BOK Financial from $89.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. BidaskClub raised shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Finally, ValuEngine upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $88.86.

Shares of BOKF stock traded up $0.55 during trading hours on Monday, reaching $84.61. The company had a trading volume of 117,768 shares, compared to its average volume of 163,097. BOK Financial has a 12 month low of $69.96 and a 12 month high of $93.72. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.86 and a quick ratio of 0.85. The business has a fifty day simple moving average of $81.14 and a 200-day simple moving average of $78.42. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 1.88 and a beta of 1.30.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Friday, November 8th. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. BOK Financial’s payout ratio is presently 30.09%.

In other news, Director Steven Bangert sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $82.83, for a total value of $414,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 54.90% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Phocas Financial Corp. bought a new position in BOK Financial in the 2nd quarter valued at $204,000. Marshall Wace North America L.P. bought a new stake in shares of BOK Financial during the 1st quarter worth $50,000. Point72 Hong Kong Ltd bought a new stake in shares of BOK Financial during the 2nd quarter worth $75,000. Kavar Capital Partners LLC bought a new stake in shares of BOK Financial during the 2nd quarter worth $75,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of BOK Financial by 118.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,574 shares of the bank’s stock worth $119,000 after buying an additional 855 shares during the last quarter. Institutional investors and hedge funds own 40.01% of the company’s stock.

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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