BOK Financial Co. (NASDAQ:BOKF) will be issuing its quarterly earnings data before the market opens on Wednesday, October 25th. Analysts expect the company to announce earnings of $1.33 per share for the quarter.
BOK Financial (NASDAQ:BOKF) last announced its earnings results on Wednesday, July 26th. The bank reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.05. BOK Financial had a net margin of 22.94% and a return on equity of 10.34%. The business had revenue of $387.46 million for the quarter, compared to analyst estimates of $384.52 million. During the same quarter last year, the business earned $1.00 earnings per share. On average, analysts expect BOK Financial to post $5.38 EPS for the current fiscal year and $5.56 EPS for the next fiscal year.
Shares of BOK Financial Co. (BOKF) opened at 88.67 on Wednesday. The stock has a 50 day moving average of $84.70 and a 200 day moving average of $82.91. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 19.36 and a beta of 1.01. BOK Financial Co. has a 12 month low of $68.55 and a 12 month high of $90.69.
In related news, EVP Stephen D. Grossi sold 550 shares of BOK Financial stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $81.62, for a total value of $44,891.00. Following the transaction, the executive vice president now owns 12,601 shares of the company’s stock, valued at approximately $1,028,493.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stacy Kymes sold 3,000 shares of BOK Financial stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $85.06, for a total value of $255,180.00. Following the completion of the transaction, the executive vice president now directly owns 29,627 shares in the company, valued at approximately $2,520,072.62. The disclosure for this sale can be found here. 62.00% of the stock is currently owned by insiders.
A number of brokerages recently commented on BOKF. Stephens set a $95.00 price objective on shares of BOK Financial and gave the company a “buy” rating in a research note on Wednesday, July 26th. Hovde Group cut their price objective on shares of BOK Financial from $97.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, June 28th. Royal Bank Of Canada reiterated a “hold” rating and set a $90.00 price objective on shares of BOK Financial in a report on Friday, July 7th. Zacks Investment Research upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Tuesday, July 4th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $86.00 price objective (up from $85.00) on shares of BOK Financial in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. BOK Financial currently has an average rating of “Hold” and an average price target of $90.25.
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BOK Financial Company Profile
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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