Wall Street analysts predict that BOK Financial Co. (NASDAQ:BOKF) will post earnings per share of $1.52 for the current quarter, Zacks reports. Five analysts have provided estimates for BOK Financial’s earnings, with the lowest EPS estimate coming in at $1.40 and the highest estimate coming in at $1.58. BOK Financial reported earnings per share of $1.35 during the same quarter last year, which suggests a positive year-over-year growth rate of 12.6%. The firm is expected to report its next earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that BOK Financial will report full year earnings of $6.42 per share for the current fiscal year, with EPS estimates ranging from $6.22 to $6.60. For the next financial year, analysts forecast that the business will report earnings of $6.74 per share, with EPS estimates ranging from $6.46 to $6.92. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow BOK Financial.
BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Wednesday, January 24th. The bank reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.05). The company had revenue of $383.70 million during the quarter, compared to analyst estimates of $391.73 million. BOK Financial had a return on equity of 10.00% and a net margin of 20.14%. During the same period in the prior year, the company posted $1.09 earnings per share.
Several hedge funds have recently added to or reduced their stakes in BOKF. George Kaiser Family Foundation raised its holdings in shares of BOK Financial by 40.5% during the fourth quarter. George Kaiser Family Foundation now owns 2,809,755 shares of the bank’s stock valued at $259,397,000 after acquiring an additional 809,755 shares during the period. Aristotle Capital Management LLC raised its holdings in shares of BOK Financial by 7.0% during the fourth quarter. Aristotle Capital Management LLC now owns 2,212,505 shares of the bank’s stock valued at $204,258,000 after acquiring an additional 143,951 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of BOK Financial during the fourth quarter valued at approximately $10,855,000. The Manufacturers Life Insurance Company raised its holdings in shares of BOK Financial by 11.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 374,138 shares of the bank’s stock valued at $34,541,000 after acquiring an additional 38,618 shares during the period. Finally, OppenheimerFunds Inc. raised its holdings in shares of BOK Financial by 30.0% during the fourth quarter. OppenheimerFunds Inc. now owns 149,469 shares of the bank’s stock valued at $13,799,000 after acquiring an additional 34,499 shares during the period. Institutional investors and hedge funds own 33.21% of the company’s stock.
Shares of BOK Financial (NASDAQ:BOKF) opened at $99.89 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 1.50. BOK Financial has a fifty-two week low of $73.44 and a fifty-two week high of $100.22. The company has a market cap of $6,547.79, a P/E ratio of 19.51, a P/E/G ratio of 1.95 and a beta of 0.99.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.45 dividend. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Thursday, February 8th. BOK Financial’s payout ratio is presently 35.16%.
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BOK Financial Company Profile
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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