BOK Financial Co. (NASDAQ:BOKF) – Equities researchers at Wedbush lifted their Q2 2020 earnings per share (EPS) estimates for shares of BOK Financial in a research report issued to clients and investors on Wednesday, January 22nd. Wedbush analyst P. Winter now forecasts that the bank will post earnings per share of $1.80 for the quarter, up from their prior forecast of $1.79. Wedbush currently has a “Neutral” rating and a $89.00 target price on the stock. Wedbush also issued estimates for BOK Financial’s Q3 2020 earnings at $1.85 EPS, FY2020 earnings at $7.14 EPS, Q1 2021 earnings at $1.71 EPS, Q2 2021 earnings at $1.82 EPS, Q3 2021 earnings at $1.91 EPS, Q4 2021 earnings at $1.87 EPS and FY2021 earnings at $7.31 EPS.
BOKF has been the topic of a number of other reports. SunTrust Banks boosted their price objective on BOK Financial from $82.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. TheStreet cut BOK Financial from a “b” rating to a “c” rating in a research report on Wednesday, October 30th. ValuEngine upgraded BOK Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Morgan Stanley upped their price target on BOK Financial from $88.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Piper Jaffray Companies set a $92.00 price target on BOK Financial and gave the company a “buy” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $90.86.
BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.29). The firm had revenue of $448.83 million for the quarter, compared to the consensus estimate of $454.77 million. BOK Financial had a net margin of 22.49% and a return on equity of 10.86%. During the same quarter in the prior year, the firm posted $1.65 earnings per share.
A number of large investors have recently made changes to their positions in the business. California Public Employees Retirement System grew its position in BOK Financial by 9.4% in the fourth quarter. California Public Employees Retirement System now owns 76,031 shares of the bank’s stock valued at $6,645,000 after acquiring an additional 6,525 shares during the period. Reinhart Partners Inc. grew its position in BOK Financial by 0.9% in the fourth quarter. Reinhart Partners Inc. now owns 273,337 shares of the bank’s stock valued at $23,890,000 after acquiring an additional 2,327 shares during the period. Strs Ohio grew its position in BOK Financial by 85.2% in the fourth quarter. Strs Ohio now owns 7,576 shares of the bank’s stock valued at $662,000 after acquiring an additional 3,485 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in BOK Financial by 10.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,295 shares of the bank’s stock valued at $201,000 after acquiring an additional 218 shares during the period. Finally, Squar Milner Financial Services LLC boosted its stake in BOK Financial by 41.7% in the fourth quarter. Squar Milner Financial Services LLC now owns 561 shares of the bank’s stock worth $49,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 40.02% of the company’s stock.
In other BOK Financial news, Director Steven Bangert sold 8,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $81.92, for a total value of $655,360.00. Following the sale, the director now directly owns 131,102 shares in the company, valued at $10,739,875.84. The sale 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.
BOK Financial Company Profile
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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