Wall Street brokerages expect BOK Financial Co. (NASDAQ:BOKF) to post $462.70 million in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for BOK Financial’s earnings. The highest sales estimate is $469.10 million and the lowest is $455.80 million. BOK Financial posted sales of $408.82 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.2%. The firm is expected to report its next earnings results on Wednesday, October 23rd.
On average, analysts expect that BOK Financial will report full year sales of $1.82 billion for the current financial year, with estimates ranging from $1.80 billion to $1.84 billion. For the next financial year, analysts anticipate that the business will post sales of $1.88 billion, with estimates ranging from $1.82 billion to $1.97 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for BOK Financial.
BOK Financial (NASDAQ:BOKF) last released its earnings results on Wednesday, July 24th. The bank reported $1.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.13. The firm had revenue of $457.50 million for the quarter, compared to analysts’ expectations of $449.59 million. BOK Financial had a net margin of 22.90% and a return on equity of 11.41%. During the same period in the previous year, the company earned $1.75 earnings per share.
In related news, Director Steven Bangert sold 8,889 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $77.23, for a total transaction of $686,497.47. Following the sale, the director now owns 147,416 shares of the company’s stock, valued at approximately $11,384,937.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 54.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of BOKF. Marshall Wace North America L.P. bought a new stake in BOK Financial during the 1st quarter worth approximately $50,000. BNP Paribas Arbitrage SA grew its stake in BOK Financial by 28.6% in the 1st 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. Kavar Capital Partners LLC purchased a new position in BOK Financial in the 2nd quarter worth approximately $75,000. Point72 Hong Kong Ltd purchased a new position in BOK Financial in the 2nd quarter worth approximately $75,000. Finally, Machina Capital S.A.S. purchased a new position in BOK Financial in the 2nd quarter worth approximately $150,000. 40.07% of the stock is currently owned by institutional investors and hedge funds.
BOKF traded up $0.57 during midday trading on Wednesday, reaching $80.94. The company had a trading volume of 160,198 shares, compared to its average volume of 142,216. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $5.76 billion, a PE ratio of 11.49, a P/E/G ratio of 1.69 and a beta of 1.27. BOK Financial has a 12-month low of $69.96 and a 12-month high of $105.21. The business has a 50-day moving average price of $78.15 and a two-hundred day moving average price of $80.68.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Friday, August 9th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. BOK Financial’s dividend payout ratio is 29.50%.
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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