BOK Financial Co. (NASDAQ:BOKF) – Equities research analysts at Wedbush upped their Q3 2022 earnings per share (EPS) estimates for BOK Financial in a note issued to investors on Tuesday, April 6th. Wedbush analyst P. Winter now anticipates that the bank will earn $1.79 per share for the quarter, up from their previous estimate of $1.78. Wedbush also issued estimates for BOK Financial’s Q4 2022 earnings at $1.79 EPS.
BOK Financial (NASDAQ:BOKF) last issued its earnings results on Tuesday, January 19th. The bank reported $2.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.29. BOK Financial had a return on equity of 7.73% and a net margin of 18.23%. The company had revenue of $494.01 million during the quarter, compared to the consensus estimate of $484.87 million. During the same quarter in the prior year, the business earned $1.56 earnings per share.
Shares of NASDAQ BOKF opened at $89.51 on Thursday. BOK Financial has a 1-year low of $37.79 and a 1-year high of $98.95. The business has a 50-day moving average of $90.91 and a 200-day moving average of $73.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.78 and a quick ratio of 0.77. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 16.13 and a beta of 1.58.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Legacy Wealth Asset Management LLC acquired a new stake in BOK Financial during the fourth quarter valued at approximately $442,000. Dimensional Fund Advisors LP raised its position in shares of BOK Financial by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,376,401 shares of the bank’s stock worth $94,258,000 after purchasing an additional 58,325 shares during the period. Norges Bank acquired a new stake in shares of BOK Financial during the 4th quarter worth approximately $21,933,000. Capital Asset Advisory Services LLC acquired a new stake in shares of BOK Financial during the 4th quarter worth approximately $25,000. Finally, UBS Asset Management Americas Inc. raised its position in shares of BOK Financial by 4.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 48,671 shares of the bank’s stock worth $3,333,000 after purchasing an additional 1,894 shares during the period. Hedge funds and other institutional investors own 41.23% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 23rd. Shareholders of record on Monday, February 15th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.32%. The ex-dividend date was Thursday, February 11th. BOK Financial’s payout ratio is currently 29.05%.
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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