$392.15 Million in Sales Expected for BOK Financial Corporation (BOKF) This Quarter

Equities research analysts predict that BOK Financial Corporation (NASDAQ:BOKF) will post sales of $392.15 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for BOK Financial Corporation’s earnings, with the lowest sales estimate coming in at $388.40 million and the highest estimate coming in at $399.60 million. BOK Financial Corporation reported sales of $379.19 million in the same quarter last year, which indicates a positive year over year growth rate of 3.4%. The business is expected to announce its next earnings report on Wednesday, October 25th.

On average, analysts expect that BOK Financial Corporation will report full year sales of $392.15 million for the current year, with estimates ranging from $1.54 billion to $1.56 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.56 billion per share, with estimates ranging from $1.27 billion to $1.64 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow BOK Financial Corporation.

BOK Financial Corporation (NASDAQ:BOKF) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. The business had revenue of $387.46 million during the quarter, compared to analysts’ expectations of $384.52 million. BOK Financial Corporation had a return on equity of 8.87% and a net margin of 18.96%. During the same period in the previous year, the business earned $1.00 earnings per share.

Several analysts have recently commented on BOKF shares. ValuEngine raised BOK Financial Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Royal Bank Of Canada reissued a “hold” rating on shares of BOK Financial Corporation in a report on Thursday, April 27th. Stephens reissued a “buy” rating and issued a $95.00 price target on shares of BOK Financial Corporation in a report on Tuesday, June 6th. Morgan Stanley reissued an “equal weight” rating and issued a $81.00 price target (up from $80.00) on shares of BOK Financial Corporation in a report on Saturday, June 3rd. Finally, BidaskClub cut BOK Financial Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $86.67.

In related news, EVP Scott Grauer sold 1,750 shares of BOK Financial Corporation stock in a transaction on Monday, June 26th. The stock was sold at an average price of $80.96, for a total transaction of $141,680.00. Following the completion of the transaction, the executive vice president now directly owns 23,935 shares of the company’s stock, valued at $1,937,777.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Donald T. Parker sold 5,312 shares of BOK Financial Corporation stock in a transaction on Monday, May 15th. The stock was sold at an average price of $82.01, for a total value of $435,637.12. Following the transaction, the executive vice president now directly owns 43,510 shares of the company’s stock, valued at $3,568,255.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,062 shares of company stock valued at $832,497. 62.00% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of BOKF. Principal Financial Group Inc. boosted its position in shares of BOK Financial Corporation by 183.1% in the second quarter. Principal Financial Group Inc. now owns 662,251 shares of the bank’s stock valued at $55,716,000 after buying an additional 428,292 shares in the last quarter. Vanguard Group Inc. increased its position in BOK Financial Corporation by 16.2% in the first quarter. Vanguard Group Inc. now owns 2,423,592 shares of the bank’s stock valued at $189,696,000 after buying an additional 337,132 shares during the last quarter. Norges Bank bought a new position in BOK Financial Corporation during the fourth quarter valued at $17,717,000. Aristotle Capital Management LLC increased its position in BOK Financial Corporation by 5.8% in the first quarter. Aristotle Capital Management LLC now owns 1,879,501 shares of the bank’s stock valued at $147,109,000 after buying an additional 103,196 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in BOK Financial Corporation by 5.1% in the first quarter. Neuberger Berman Group LLC now owns 1,809,638 shares of the bank’s stock valued at $141,640,000 after buying an additional 87,853 shares during the last quarter. 32.72% of the stock is owned by hedge funds and other institutional investors.

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Shares of BOK Financial Corporation (NASDAQ:BOKF) opened at 82.96 on Thursday. The stock has a market capitalization of $5.43 billion, a PE ratio of 18.11 and a beta of 0.99. BOK Financial Corporation has a 52-week low of $65.36 and a 52-week high of $88.80. The stock has a 50 day moving average price of $84.59 and a 200-day moving average price of $82.10.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be issued a dividend of $0.44 per share. The ex-dividend date is Wednesday, August 9th. This represents a $1.76 annualized dividend and a yield of 2.12%. BOK Financial Corporation’s dividend payout ratio is presently 38.34%.

About BOK Financial Corporation

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

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