FY2017 EPS Estimates for BOK Financial Corporation Raised by Analyst (BOKF)

BOK Financial Corporation (NASDAQ:BOKF) – Wedbush boosted their FY2017 earnings per share (EPS) estimates for BOK Financial Corporation in a report issued on Thursday. Wedbush analyst P. Winter now forecasts that the bank will post earnings of $5.43 per share for the year, up from their prior estimate of $5.42. Wedbush also issued estimates for BOK Financial Corporation’s Q1 2018 earnings at $1.31 EPS, Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.40 EPS and Q4 2018 earnings at $1.41 EPS.

BOK Financial Corporation (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.05). BOK Financial Corporation had a return on equity of 9.25% and a net margin of 19.31%. The business had revenue of $394.16 million during the quarter, compared to the consensus estimate of $392.05 million. During the same quarter in the prior year, the firm posted $1.13 EPS.

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A number of other brokerages also recently issued reports on BOKF. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $92.00 target price on shares of BOK Financial Corporation in a research note on Friday. Zacks Investment Research downgraded BOK Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub downgraded BOK Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $89.00 target price on shares of BOK Financial Corporation in a research note on Thursday, October 19th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $86.00 target price (up from $85.00) on shares of BOK Financial Corporation in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $90.50.

Shares of BOK Financial Corporation (NASDAQ BOKF) opened at 86.36 on Monday. The company has a 50-day moving average of $87.24 and a 200 day moving average of $83.89. The company has a market cap of $5.65 billion, a PE ratio of 18.85 and a beta of 1.01. BOK Financial Corporation has a 12 month low of $68.72 and a 12 month high of $92.08.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BOKF. UBS Asset Management Americas Inc. grew its position in BOK Financial Corporation by 12.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 8,724 shares of the bank’s stock valued at $683,000 after acquiring an additional 1,000 shares in the last quarter. Stifel Financial Corp grew its position in BOK Financial Corporation by 4.7% in the 1st quarter. Stifel Financial Corp now owns 4,189 shares of the bank’s stock valued at $329,000 after acquiring an additional 189 shares in the last quarter. SG Americas Securities LLC grew its position in BOK Financial Corporation by 45.4% in the 1st quarter. SG Americas Securities LLC now owns 2,557 shares of the bank’s stock valued at $200,000 after acquiring an additional 798 shares in the last quarter. Alliancebernstein L.P. grew its position in BOK Financial Corporation by 0.7% in the 1st quarter. Alliancebernstein L.P. now owns 20,352 shares of the bank’s stock valued at $1,593,000 after acquiring an additional 150 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in BOK Financial Corporation by 10.6% in the 1st quarter. Wellington Management Group LLP now owns 5,296 shares of the bank’s stock valued at $415,000 after acquiring an additional 506 shares in the last quarter. 31.67% of the stock is owned by institutional investors.

In related news, EVP Stephen D. Grossi sold 550 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $81.62, for a total transaction of $44,891.00. Following the completion of the sale, the executive vice president now directly owns 12,601 shares of the company’s stock, valued at approximately $1,028,493.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 62.00% of the stock is currently owned by company insiders.

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.

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

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