BOK Financial Corporation (NASDAQ:BOKF) – Investment analysts at SunTrust Banks increased their Q3 2017 earnings per share (EPS) estimates for BOK Financial Corporation in a research report issued to clients and investors on Monday. SunTrust Banks analyst J. Demba now anticipates that the bank will earn $1.38 per share for the quarter, up from their prior estimate of $1.31. SunTrust Banks also issued estimates for BOK Financial Corporation’s Q4 2017 earnings at $1.20 EPS, FY2017 earnings at $5.30 EPS, Q1 2018 earnings at $1.28 EPS, Q2 2018 earnings at $1.41 EPS and FY2018 earnings at $5.45 EPS.
BOK Financial Corporation (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, July 26th. The bank reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.05. The company had revenue of $387.46 million during the quarter, compared to the consensus estimate of $384.52 million. BOK Financial Corporation had a return on equity of 8.93% and a net margin of 18.96%. During the same period in the previous year, the business earned $1.00 EPS. ILLEGAL ACTIVITY NOTICE: “Q3 2017 Earnings Estimate for BOK Financial Corporation (NASDAQ:BOKF) Issued By SunTrust Banks” was first reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.com-unik.info/2017/08/19/q3-2017-earnings-estimate-for-bok-financial-corporation-nasdaqbokf-issued-by-suntrust-banks-updated-updated.html.
Shares of BOK Financial Corporation (NASDAQ BOKF) opened at 85.07 on Tuesday. 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 one year low of $62.76 and a one year high of $88.80. The stock has a market capitalization of $5.56 billion, a P/E ratio of 18.59 and a beta of 0.99.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.76 annualized dividend and a dividend yield of 2.07%. BOK Financial Corporation’s payout ratio is currently 38.34%.
In related news, EVP Donald T. Parker sold 7,650 shares of the firm’s 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 transaction, the executive vice president now owns 43,610 shares in the company, valued at $3,608,727.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Donald T. Parker sold 5,312 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $82.01, for a total transaction of $435,637.12. Following the transaction, the executive vice president now owns 43,510 shares in the company, valued at approximately $3,568,255.10. The disclosure for this sale can be found here. Insiders sold 17,712 shares of company stock worth $1,465,535 in the last 90 days. 62.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Probity Advisors Inc. raised 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 in the last quarter. BB&T Corp raised its position in BOK Financial Corporation by 29.5% in the second quarter. BB&T Corp now owns 13,970 shares of the bank’s stock worth $1,175,000 after buying an additional 3,179 shares in the last quarter. US Bancorp DE raised its position in BOK Financial Corporation by 31.2% in the second quarter. US Bancorp DE now owns 6,595 shares of the bank’s stock worth $555,000 after buying an additional 1,570 shares in the last quarter. Aperio Group LLC raised its position in BOK Financial Corporation by 6.6% in the second quarter. Aperio Group LLC now owns 13,267 shares of the bank’s stock worth $1,116,000 after buying an additional 818 shares in the last quarter. Finally, Reinhart Partners Inc. raised its position in BOK Financial Corporation by 16.8% in the second quarter. Reinhart Partners Inc. now owns 274,135 shares of the bank’s stock worth $23,063,000 after buying an additional 39,345 shares in the last quarter. Institutional investors and hedge funds own 32.74% of the company’s stock.
BOK Financial Corporation 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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