Equities analysts forecast that BOK Financial Co. (NASDAQ:BOKF) will report earnings per share of $1.87 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for BOK Financial’s earnings, with the lowest EPS estimate coming in at $1.83 and the highest estimate coming in at $1.92. BOK Financial posted earnings per share of $1.65 during the same quarter last year, which would suggest a positive year over year growth rate of 13.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, January 29th.
According to Zacks, analysts expect that BOK Financial will report full year earnings of $7.33 per share for the current financial year, with EPS estimates ranging from $7.30 to $7.38. For the next fiscal year, analysts expect that the firm will post earnings of $7.23 per share, with EPS estimates ranging from $7.05 to $7.34. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover BOK Financial.
BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $2.00 EPS for the quarter, beating the consensus estimate of $1.92 by $0.08. BOK Financial had a return on equity of 11.20% and a net margin of 22.88%. The company had revenue of $465.55 million for the quarter, compared to analysts’ expectations of $461.86 million. During the same period last year, the firm posted $1.79 earnings per share.
In other BOK Financial news, Director Steven Bangert sold 8,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $81.92, for a total value of $655,360.00. Following the transaction, the director now directly owns 131,102 shares of the company’s stock, valued at $10,739,875.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 54.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Phocas Financial Corp. bought a new position in shares of BOK Financial in the second quarter worth about $204,000. Marshall Wace North America L.P. bought a new position in shares of BOK Financial in the first quarter worth about $50,000. Point72 Hong Kong Ltd bought a new position in shares of BOK Financial in the second quarter worth about $75,000. Kavar Capital Partners LLC bought a new position in shares of BOK Financial in the second quarter worth about $75,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of BOK Financial by 118.9% in the second quarter. BNP Paribas Arbitrage SA now owns 1,574 shares of the bank’s stock worth $119,000 after buying an additional 855 shares during the period. 40.01% of the stock is currently owned by hedge funds and other institutional investors.
BOK Financial stock opened at $84.29 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.86 and a quick ratio of 0.85. BOK Financial has a one year low of $69.96 and a one year high of $93.72. The stock has a market capitalization of $6.00 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.90 and a beta of 1.30. The business’s fifty day moving average is $81.77 and its 200 day moving average is $78.53.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.42%. This is a boost from BOK Financial’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, November 8th. BOK Financial’s dividend payout ratio (DPR) is presently 30.09%.
About BOK Financial
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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