Analysts predict that BOK Financial Co. (NASDAQ:BOKF – Get Rating) will post earnings per share of $1.44 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for BOK Financial’s earnings. The highest EPS estimate is $1.59 and the lowest is $1.09. BOK Financial posted earnings per share of $2.40 during the same quarter last year, which would indicate a negative year-over-year growth rate of 40%. The company is scheduled to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that BOK Financial will report full year earnings of $6.09 per share for the current year, with EPS estimates ranging from $5.61 to $6.60. For the next fiscal year, analysts forecast that the company will report earnings of $7.40 per share, with EPS estimates ranging from $6.75 to $8.16. Zacks Investment Research’s EPS averages are an average based on a survey of research 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 for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.44). The company had revenue of $356.27 million during the quarter, compared to analysts’ expectations of $419.33 million. BOK Financial had a return on equity of 10.19% and a net margin of 29.37%. During the same period in the prior year, the business posted $2.10 EPS.
Shares of BOKF opened at $85.62 on Friday. The business’s 50-day moving average price is $88.82 and its 200 day moving average price is $99.16. The stock has a market capitalization of $5.83 billion, a P/E ratio of 11.03 and a beta of 1.36. BOK Financial has a 1-year low of $77.65 and a 1-year high of $120.20. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.03.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 25th. Stockholders of record on Wednesday, May 11th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.48%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, May 10th. BOK Financial’s payout ratio is currently 27.32%.
In other news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $80.16, for a total transaction of $240,480.00. Following the completion of the sale, the director now directly owns 76,852 shares in the company, valued at approximately $6,160,456.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Marc Maun sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $101.61, for a total value of $101,610.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,000 shares of company stock valued at $1,192,190. 56.94% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of BOKF. Covestor Ltd acquired a new stake in BOK Financial in the 4th quarter worth approximately $31,000. Captrust Financial Advisors lifted its holdings in BOK Financial by 104.5% in the 3rd quarter. Captrust Financial Advisors now owns 503 shares of the bank’s stock worth $45,000 after purchasing an additional 257 shares during the last quarter. Marshall Wace North America L.P. bought a new position in BOK Financial in the 1st quarter worth approximately $50,000. MetLife Investment Management LLC bought a new position in BOK Financial in the 1st quarter worth approximately $57,000. Finally, Geneos Wealth Management Inc. bought a new position in BOK Financial in the 4th quarter worth approximately $63,000. Hedge funds and other institutional investors own 39.12% of the company’s stock.
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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