Brokerages Anticipate BOK Financial Co. (NASDAQ:BOKF) to Announce $1.93 EPS

Wall Street analysts forecast that BOK Financial Co. (NASDAQ:BOKF) will post earnings of $1.93 per share for the current quarter, Zacks reports. Six analysts have provided estimates for BOK Financial’s earnings. The highest EPS estimate is $1.99 and the lowest is $1.89. BOK Financial reported earnings of $1.79 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 7.8%. The company is scheduled to issue its next earnings results on Wednesday, October 23rd.

On average, analysts expect that BOK Financial will report full-year earnings of $7.32 per share for the current fiscal year, with EPS estimates ranging from $7.24 to $7.39. For the next financial year, analysts forecast that the business will report earnings of $7.63 per share, with EPS estimates ranging from $7.47 to $7.87. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow BOK Financial.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Wednesday, July 24th. The bank reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.13. BOK Financial had a return on equity of 11.76% and a net margin of 22.90%. The company had revenue of $457.50 million for the quarter, compared to analysts’ expectations of $449.59 million. During the same period last year, the firm earned $1.75 EPS.

BOKF has been the topic of a number of recent research reports. Zacks Investment Research cut BOK Financial from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Morgan Stanley decreased their target price on BOK Financial from $94.00 to $89.00 and set an “equal weight” rating on the stock in a report on Monday, July 1st. SunTrust Banks set a $88.00 target price on BOK Financial and gave the stock a “hold” rating in a report on Friday, July 26th. DA Davidson raised BOK Financial from a “neutral” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Wednesday, July 10th. Finally, BidaskClub cut BOK Financial from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $94.50.

BOK Financial stock traded down $0.64 during trading on Thursday, reaching $83.04. The company had a trading volume of 1,123 shares, compared to its average volume of 180,459. BOK Financial has a 52 week low of $69.96 and a 52 week high of $105.21. The business’s 50-day moving average is $77.25. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 1.71 and a beta of 1.22. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.96 and a quick ratio of 0.95.

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in BOK Financial by 17.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 752,523 shares of the bank’s stock valued at $55,183,000 after acquiring an additional 112,299 shares during the period. Stifel Financial Corp raised its holdings in BOK Financial by 449.3% during the fourth quarter. Stifel Financial Corp now owns 44,352 shares of the bank’s stock valued at $3,249,000 after acquiring an additional 36,277 shares during the period. Bank of New York Mellon Corp raised its holdings in BOK Financial by 26.3% during the fourth quarter. Bank of New York Mellon Corp now owns 228,175 shares of the bank’s stock valued at $16,732,000 after acquiring an additional 47,455 shares during the period. MUFG Securities EMEA plc bought a new stake in BOK Financial during the fourth quarter valued at about $79,000. Finally, Norges Bank bought a new stake in BOK Financial during the fourth quarter valued at about $25,754,000. 39.74% of the stock is currently owned by institutional investors and hedge funds.

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

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