Wall Street analysts forecast that BOK Financial Co. (NASDAQ:BOKF) will report earnings per share (EPS) of $1.52 for the current fiscal quarter, according to Zacks. Five analysts have made estimates for BOK Financial’s earnings, with estimates ranging from $1.40 to $1.58. BOK Financial posted earnings per share of $1.35 in the same quarter last year, which indicates a positive year-over-year growth rate of 12.6%. The business is expected to report its next earnings results on Wednesday, April 25th.
On average, analysts expect that BOK Financial will report full year earnings of $6.42 per share for the current fiscal year, with EPS estimates ranging from $6.22 to $6.60. For the next financial year, analysts expect that the company will report earnings of $6.70 per share, with EPS estimates ranging from $6.40 to $6.86. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for BOK Financial.
BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $1.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.05). BOK Financial had a return on equity of 10.05% and a net margin of 20.14%. The business had revenue of $383.70 million for the quarter, compared to analysts’ expectations of $391.73 million. During the same period in the previous year, the firm posted $1.09 EPS.
BOKF has been the subject of several recent analyst reports. Zacks Investment Research raised BOK Financial from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Piper Jaffray Companies restated a “hold” rating and issued a $89.00 target price on shares of BOK Financial in a research report on Thursday, October 19th. Royal Bank of Canada restated a “hold” rating and issued a $92.00 target price on shares of BOK Financial in a research report on Friday, October 27th. ValuEngine downgraded BOK Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Morgan Stanley boosted their target price on BOK Financial from $85.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $97.89.
A number of large investors have recently added to or reduced their stakes in BOKF. SG Americas Securities LLC bought a new stake in BOK Financial in the 3rd quarter worth approximately $101,000. State of Alaska Department of Revenue bought a new stake in BOK Financial in the fourth quarter valued at approximately $138,000. CIBC Asset Management Inc bought a new stake in BOK Financial in the third quarter valued at approximately $201,000. Arthur Zaske & Associates LLC bought a new stake in BOK Financial in the third quarter valued at approximately $210,000. Finally, BNP Paribas Arbitrage SA lifted its position in BOK Financial by 560.6% in the third quarter. BNP Paribas Arbitrage SA now owns 2,550 shares of the bank’s stock valued at $227,000 after purchasing an additional 2,164 shares during the last quarter. Institutional investors own 32.85% of the company’s stock.
BOK Financial (BOKF) opened at $92.66 on Tuesday. BOK Financial has a twelve month low of $73.44 and a twelve month high of $98.80. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $6,285.11, a PE ratio of 18.10, a PEG ratio of 1.87 and a beta of 1.01.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a $0.45 dividend. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, February 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.94%. BOK Financial’s payout ratio is presently 35.16%.
About BOK Financial
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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