Equities analysts expect BOK Financial Co. (NASDAQ:BOKF – Get Rating) to post $423.57 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for BOK Financial’s earnings, with the lowest sales estimate coming in at $416.90 million and the highest estimate coming in at $429.80 million. BOK Financial posted sales of $471.76 million during the same quarter last year, which suggests a negative year over year growth rate of 10.2%. The firm is scheduled to announce its next earnings report on Monday, January 1st.
On average, analysts expect that BOK Financial will report full year sales of $1.73 billion for the current year, with estimates ranging from $1.67 billion to $1.87 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.94 billion, with estimates ranging from $1.84 billion to $2.01 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that follow BOK Financial.
BOK Financial (NASDAQ:BOKF – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The bank reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.68). BOK Financial had a return on equity of 10.19% and a net margin of 29.37%. During the same period in the previous year, the business posted $2.10 earnings per share.
In other news, EVP Marc Maun sold 1,000 shares of the firm’s stock in a transaction on Friday, March 11th. The shares were sold at an average price of $101.61, for a total value of $101,610.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 56.94% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. grew its position in shares of BOK Financial by 4.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,141 shares of the bank’s stock valued at $226,000 after buying an additional 99 shares during the last quarter. Versor Investments LP grew its position in BOK Financial by 3.3% during the 1st quarter. Versor Investments LP now owns 4,043 shares of the bank’s stock worth $380,000 after purchasing an additional 128 shares during the last quarter. Oliver Luxxe Assets LLC grew its position in BOK Financial by 4.4% during the 4th quarter. Oliver Luxxe Assets LLC now owns 3,287 shares of the bank’s stock worth $347,000 after purchasing an additional 139 shares during the last quarter. Legacy Wealth Asset Management LLC grew its position in BOK Financial by 3.1% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 6,128 shares of the bank’s stock worth $646,000 after purchasing an additional 182 shares during the last quarter. Finally, Swiss National Bank grew its position in BOK Financial by 0.3% during the 3rd quarter. Swiss National Bank now owns 69,174 shares of the bank’s stock worth $6,195,000 after purchasing an additional 200 shares during the last quarter. 39.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BOK Financial stock opened at $85.55 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.66 and a debt-to-equity ratio of 0.03. BOK Financial has a twelve month low of $77.65 and a twelve month high of $120.20. The business has a 50-day moving average price of $93.70 and a 200-day moving average price of $101.27. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 11.02 and a beta of 1.36.
The firm also recently announced a dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, May 10th. This is a positive change from BOK Financial’s previous dividend of $0.40. BOK Financial’s dividend payout ratio is 27.32%.
BOK Financial Company Profile (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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