Equities analysts forecast that BOK Financial Co. (NASDAQ:BOKF – Get Rating) will report sales of $395.80 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for BOK Financial’s earnings. The lowest sales estimate is $382.30 million and the highest is $417.80 million. BOK Financial reported sales of $444.32 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 10.9%. The company is scheduled to announce its next earnings report before the market opens on Monday, January 1st.
On average, analysts expect that BOK Financial will report full-year sales of $1.78 billion for the current year, with estimates ranging from $1.75 billion to $1.87 billion. For the next year, analysts forecast that the company will report sales of $1.92 billion, with estimates ranging from $1.90 billion to $1.97 billion. Zacks’ sales averages are an average based on a survey of analysts that follow BOK Financial.
BOK Financial (NASDAQ:BOKF – Get Rating) last announced its quarterly earnings data on Wednesday, January 19th. The bank reported $1.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.81 by ($0.10). BOK Financial had a net margin of 32.34% and a return on equity of 11.56%. The company had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $452.93 million. During the same quarter in the previous year, the firm posted $2.21 EPS.
In other BOK Financial news, Director Steven G. Bradshaw sold 10,000 shares of the business’s stock in a transaction dated Wednesday, January 26th. The stock was sold at an average price of $103.00, for a total transaction of $1,030,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Marc Maun sold 1,000 shares of the stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $101.61, for a total transaction of $101,610.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,000 shares of company stock valued at $2,176,160. Company insiders own 56.94% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Ariel Investments LLC raised its holdings in BOK Financial by 0.6% in the 4th quarter. Ariel Investments LLC now owns 3,306,709 shares of the bank’s stock worth $348,825,000 after purchasing an additional 18,140 shares during the period. George Kaiser Family Foundation raised its stake in shares of BOK Financial by 10.7% in the fourth quarter. George Kaiser Family Foundation now owns 3,207,769 shares of the bank’s stock worth $338,388,000 after buying an additional 310,870 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of BOK Financial by 7.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,551,373 shares of the bank’s stock valued at $138,933,000 after buying an additional 112,726 shares in the last quarter. BlackRock Inc. grew its stake in shares of BOK Financial by 2.0% during the 3rd quarter. BlackRock Inc. now owns 1,402,765 shares of the bank’s stock valued at $125,620,000 after acquiring an additional 27,787 shares during the period. Finally, Geode Capital Management LLC increased its holdings in BOK Financial by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 433,920 shares of the bank’s stock worth $45,774,000 after acquiring an additional 18,415 shares in the last quarter. 37.77% of the stock is owned by hedge funds and other institutional investors.
Shares of BOK Financial stock opened at $89.13 on Tuesday. BOK Financial has a 1 year low of $77.65 and a 1 year high of $120.20. The firm’s 50-day moving average is $98.19 and its 200 day moving average is $102.06. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 9.96 and a beta of 1.37. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.73 and a quick ratio of 0.73.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 23rd. Investors of record on Tuesday, February 15th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Monday, February 14th. BOK Financial’s dividend payout ratio is currently 23.69%.
About BOK Financial (Get Rating)
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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