BOK Financial Corporation (NASDAQ:BOKF) Expected to Earn Q3 2017 Earnings of $1.38 Per Share

BOK Financial Corporation (NASDAQ:BOKF) – Investment analysts at Wedbush issued their Q3 2017 earnings per share (EPS) estimates for shares of BOK Financial Corporation in a report issued on Thursday. Wedbush analyst P. Winter expects that the bank will earn $1.38 per share for the quarter. Wedbush currently has a “Neutral” rating and a $83.00 target price on the stock. Wedbush also issued estimates for BOK Financial Corporation’s Q4 2017 earnings at $1.35 EPS, Q1 2018 earnings at $1.32 EPS, Q2 2018 earnings at $1.38 EPS, Q3 2018 earnings at $1.48 EPS, Q4 2018 earnings at $1.43 EPS and FY2018 earnings at $5.61 EPS.

BOK Financial Corporation (NASDAQ:BOKF) last announced its earnings results on Wednesday, July 26th. The bank reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.05. BOK Financial Corporation had a return on equity of 8.93% and a net margin of 18.96%. The business had revenue of $387.46 million during the quarter, compared to analyst estimates of $384.52 million. During the same quarter in the previous year, the business earned $1.00 earnings per share. COPYRIGHT VIOLATION NOTICE: “BOK Financial Corporation (NASDAQ:BOKF) Expected to Earn Q3 2017 Earnings of $1.38 Per Share” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/08/19/bok-financial-corporation-nasdaqbokf-expected-to-earn-q3-2017-earnings-of-1-38-per-share-updated-updated.html.

Other analysts have also recently issued research reports about the stock. Stephens reissued a “buy” rating and issued a $95.00 price target on shares of BOK Financial Corporation in a research note on Tuesday, June 6th. Zacks Investment Research cut shares of BOK Financial Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 5th. BidaskClub cut shares of BOK Financial Corporation from a “hold” rating to a “sell” rating in a research note on Monday. Keefe, Bruyette & Woods set a $90.00 price target on shares of BOK Financial Corporation and gave the company a “hold” rating in a research note on Tuesday, April 4th. Finally, Hovde Group dropped their price target on shares of BOK Financial Corporation from $97.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. BOK Financial Corporation currently has an average rating of “Hold” and a consensus target price of $86.44.

BOK Financial Corporation (NASDAQ BOKF) opened at 85.07 on Monday. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 18.59 and a beta of 0.99. The firm’s 50 day moving average price is $84.57 and its 200 day moving average price is $82.01. BOK Financial Corporation has a 12 month low of $62.76 and a 12 month high of $88.80.

Several institutional investors have recently bought and sold shares of the company. Denver Investment Advisors LLC boosted its position in BOK Financial Corporation by 0.5% in the first quarter. Denver Investment Advisors LLC now owns 21,875 shares of the bank’s stock worth $1,712,000 after buying an additional 111 shares during the last quarter. Amalgamated Bank boosted its position in BOK Financial Corporation by 3.2% in the first quarter. Amalgamated Bank now owns 3,684 shares of the bank’s stock worth $288,000 after buying an additional 115 shares during the last quarter. Alliancebernstein L.P. boosted its position in BOK Financial Corporation by 0.7% in the first quarter. Alliancebernstein L.P. now owns 20,352 shares of the bank’s stock worth $1,593,000 after buying an additional 150 shares during the last quarter. Probity Advisors Inc. boosted its position in BOK Financial Corporation by 1.3% in the second quarter. Probity Advisors Inc. now owns 12,615 shares of the bank’s stock worth $1,061,000 after buying an additional 157 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in BOK Financial Corporation by 5.3% in the first quarter. ProShare Advisors LLC now owns 3,763 shares of the bank’s stock worth $295,000 after buying an additional 189 shares during the last quarter. 32.74% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Donald T. Parker sold 7,650 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $82.75, for a total transaction of $633,037.50. Following the completion of the transaction, the executive vice president now owns 43,610 shares of the company’s stock, valued at approximately $3,608,727.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Donald T. Parker sold 5,312 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $82.01, for a total transaction of $435,637.12. Following the transaction, the executive vice president now directly owns 43,510 shares of the company’s stock, valued at approximately $3,568,255.10. The disclosure for this sale can be found here. Insiders have sold a total of 17,712 shares of company stock valued at $1,465,535 in the last ninety days. 62.00% of the stock is currently owned by corporate insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.07%. BOK Financial Corporation’s payout ratio is currently 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.

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

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