Wall Street analysts expect BOK Financial Co. (NASDAQ:BOKF) to post sales of $449.31 million for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for BOK Financial’s earnings, with estimates ranging from $444.30 million to $455.30 million. BOK Financial reported sales of $394.96 million in the same quarter last year, which suggests a positive year over year growth rate of 13.8%. The business is expected to issue its next quarterly earnings results on Wednesday, July 24th.
According to Zacks, analysts expect that BOK Financial will report full year sales of $1.80 billion for the current financial year, with estimates ranging from $1.78 billion to $1.83 billion. For the next year, analysts forecast that the business will post sales of $1.88 billion, with estimates ranging from $1.82 billion to $1.98 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for BOK Financial.
BOK Financial (NASDAQ:BOKF) last posted its earnings results on Wednesday, April 24th. The bank reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.04). BOK Financial had a net margin of 23.03% and a return on equity of 11.64%. The firm had revenue of $435.37 million during the quarter, compared to analyst estimates of $446.13 million. During the same quarter in the prior year, the firm earned $1.61 earnings per share.
Shares of BOKF traded down $0.09 during trading hours on Wednesday, hitting $75.45. The stock had a trading volume of 2,107 shares, compared to its average volume of 109,233. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.96 and a quick ratio of 0.95. BOK Financial has a fifty-two week low of $69.96 and a fifty-two week high of $105.21. The stock has a market cap of $5.30 billion, a P/E ratio of 11.25, a P/E/G ratio of 1.57 and a beta of 1.30.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a dividend of $0.50 per share. The ex-dividend date was Friday, May 10th. This is a boost from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 2.65%. BOK Financial’s dividend payout ratio is currently 29.50%.
In other BOK Financial news, Director Steven Bangert sold 10,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $86.84, for a total transaction of $868,400.00. Following the completion of the transaction, the director now directly owns 147,841 shares in the company, valued at $12,838,512.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 54.90% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. FMR LLC raised its position in BOK Financial by 83.8% during the first quarter. FMR LLC now owns 1,068,115 shares of the bank’s stock worth $87,105,000 after acquiring an additional 486,904 shares during the period. Marshall Wace North America L.P. acquired a new position in BOK Financial during the first quarter worth $50,000. AlphaCrest Capital Management LLC acquired a new position in BOK Financial during the first quarter worth $494,000. Corient Capital Partners LLC raised its position in BOK Financial by 11.0% during the first quarter. Corient Capital Partners LLC now owns 7,557 shares of the bank’s stock worth $617,000 after acquiring an additional 751 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in BOK Financial by 33.4% during the first quarter. Envestnet Asset Management Inc. now owns 95,254 shares of the bank’s stock worth $7,768,000 after acquiring an additional 23,841 shares during the period. Institutional investors own 39.83% of the company’s stock.
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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