BOK Financial (BOKF) Set to Announce Quarterly Earnings on Wednesday

BOK Financial (NASDAQ:BOKF) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect BOK Financial to post earnings of $1.72 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.49). The firm had revenue of $843.21 million for the quarter, compared to analyst estimates of $485.87 million. BOK Financial had a return on equity of 11.46% and a net margin of 16.94%. During the same period last year, the firm earned $2.51 EPS. On average, analysts expect BOK Financial to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

BOK Financial Trading Down 1.1 %

NASDAQ:BOKF opened at $85.35 on Wednesday. The stock has a fifty day simple moving average of $86.47 and a 200-day simple moving average of $80.92. BOK Financial has a 52-week low of $62.42 and a 52-week high of $92.75. The company has a market capitalization of $5.52 billion, a PE ratio of 10.67 and a beta of 1.21. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.52.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Tuesday, February 13th. BOK Financial’s payout ratio is 27.50%.

Insider Activity

In related news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $81.59, for a total value of $244,770.00. Following the completion of the sale, the director now owns 50,985 shares in the company, valued at $4,159,866.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 59.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BOKF. Comerica Bank acquired a new stake in shares of BOK Financial in the third quarter valued at approximately $28,000. KBC Group NV acquired a new stake in shares of BOK Financial in the fourth quarter valued at approximately $31,000. Quarry LP lifted its position in shares of BOK Financial by 736.7% in the first quarter. Quarry LP now owns 410 shares of the bank’s stock valued at $35,000 after buying an additional 361 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in shares of BOK Financial in the fourth quarter valued at approximately $43,000. Finally, Captrust Financial Advisors lifted its position in shares of BOK Financial by 32.3% in the second quarter. Captrust Financial Advisors now owns 680 shares of the bank’s stock valued at $51,000 after buying an additional 166 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BOKF. Stephens upped their price objective on shares of BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Truist Financial upped their price target on BOK Financial from $90.00 to $99.00 and gave the company a “hold” rating in a research report on Monday, April 1st. Wells Fargo & Company increased their target price on BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 10th. StockNews.com cut BOK Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Finally, Citigroup raised their target price on BOK Financial from $90.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, BOK Financial has an average rating of “Hold” and a consensus price target of $96.22.

BOK Financial Company Profile

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.