$1.80 EPS Expected for BOK Financial Co. (NASDAQ:BOKF) This Quarter

Brokerages forecast that BOK Financial Co. (NASDAQ:BOKF) will announce $1.80 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for BOK Financial’s earnings, with estimates ranging from $1.76 to $1.85. BOK Financial reported earnings of $1.75 per share in the same quarter last year, which suggests a positive year over year growth rate of 2.9%. The firm is scheduled to announce its next earnings report before the market opens on Wednesday, July 24th.

On average, analysts expect that BOK Financial will report full year earnings of $7.05 per share for the current financial year, with EPS estimates ranging from $6.96 to $7.18. For the next year, analysts expect that the business will report earnings of $7.56 per share, with EPS estimates ranging from $7.15 to $7.94. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for BOK Financial.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Wednesday, April 24th. The bank reported $1.67 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.04). The firm had revenue of $435.37 million for the quarter, compared to the consensus estimate of $446.13 million. BOK Financial had a return on equity of 11.64% and a net margin of 23.03%. During the same quarter last year, the firm earned $1.61 EPS.

Several research firms recently commented on BOKF. Zacks Investment Research upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. DA Davidson upgraded shares of BOK Financial from a “neutral” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Wednesday. BidaskClub lowered shares of BOK Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 26th. Stephens reiterated a “buy” rating and issued a $100.00 price objective on shares of BOK Financial in a research note on Monday, April 29th. Finally, Morgan Stanley cut their price objective on shares of BOK Financial from $94.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Monday, July 1st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. BOK Financial has an average rating of “Hold” and an average target price of $98.00.

In other news, Director Steven Bangert sold 10,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $86.84, for a total value of $868,400.00. Following the sale, the director now owns 147,841 shares in the company, valued at $12,838,512.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 54.90% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. purchased a new stake in BOK Financial during the first quarter worth $50,000. Toronto Dominion Bank purchased a new stake in BOK Financial during the fourth quarter worth $48,000. BNP Paribas Arbitrage SA boosted its holdings in BOK Financial by 28.6% during the first quarter. BNP Paribas Arbitrage SA now owns 719 shares of the bank’s stock worth $59,000 after buying an additional 160 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in BOK Financial during the fourth quarter worth $79,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in BOK Financial by 77.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 1,123 shares of the bank’s stock worth $82,000 after buying an additional 490 shares in the last quarter. 39.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ BOKF traded down $0.47 during trading hours on Wednesday, hitting $75.94. 1,630 shares of the stock were exchanged, compared to its average volume of 174,078. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.95 and a current ratio of 0.96. The firm has a market capitalization of $5.51 billion, a P/E ratio of 11.17, a PEG ratio of 1.64 and a beta of 1.23. The firm’s fifty day simple moving average is $76.28. BOK Financial has a 12 month low of $69.96 and a 12 month high of $105.21.

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.

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Earnings History and Estimates for BOK Financial (NASDAQ:BOKF)

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