$432.54 Million in Sales Expected for BOK Financial Co. (BOKF) This Quarter

Brokerages expect BOK Financial Co. (NASDAQ:BOKF) to report $432.54 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for BOK Financial’s earnings, with the lowest sales estimate coming in at $394.30 million and the highest estimate coming in at $448.20 million. BOK Financial posted sales of $383.70 million in the same quarter last year, which suggests a positive year over year growth rate of 12.7%. The business is scheduled to report its next earnings report on Wednesday, January 23rd.

On average, analysts expect that BOK Financial will report full year sales of $1.61 billion for the current fiscal year, with estimates ranging from $1.57 billion to $1.63 billion. For the next fiscal year, analysts expect that the business will post sales of $1.83 billion, with estimates ranging from $1.80 billion to $1.87 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for BOK Financial.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, October 24th. The bank reported $1.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.04. BOK Financial had a return on equity of 11.84% and a net margin of 23.20%. The business had revenue of $408.82 million for the quarter, compared to analyst estimates of $403.09 million. During the same quarter in the prior year, the firm posted $1.31 EPS.

Several equities research analysts have commented on the company. BidaskClub upgraded BOK Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Zacks Investment Research upgraded BOK Financial from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Wednesday, August 29th. Raymond James upgraded BOK Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 15th. Wells Fargo & Co set a $100.00 target price on BOK Financial and gave the company a “hold” rating in a research report on Tuesday, October 2nd. Finally, ValuEngine upgraded BOK Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $105.79.

BOK Financial stock opened at $79.89 on Monday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.93 and a current ratio of 0.94. BOK Financial has a 12 month low of $78.44 and a 12 month high of $107.00. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 1.78 and a beta of 1.09.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 26th. Stockholders of record on Monday, November 12th were given a dividend of $0.50 per share. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.50%. BOK Financial’s dividend payout ratio (DPR) is 37.81%.

In other BOK Financial news, Director John W. Coffey bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The shares were purchased at an average price of $81.74 per share, for a total transaction of $245,220.00. Following the transaction, the director now directly owns 3,225 shares of the company’s stock, valued at approximately $263,611.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven Bangert sold 1,020 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $84.40, for a total value of $86,088.00. Following the transaction, the director now owns 170,211 shares in the company, valued at approximately $14,365,808.40. The disclosure for this sale can be found here. Company insiders own 60.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its holdings in BOK Financial by 3.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 15,733 shares of the bank’s stock valued at $1,478,000 after purchasing an additional 546 shares in the last quarter. Bank of Montreal Can lifted its holdings in BOK Financial by 50.7% in the 3rd quarter. Bank of Montreal Can now owns 1,910 shares of the bank’s stock valued at $185,000 after purchasing an additional 643 shares in the last quarter. Ramsey Quantitative Systems lifted its holdings in BOK Financial by 21.4% in the 3rd quarter. Ramsey Quantitative Systems now owns 3,678 shares of the bank’s stock valued at $358,000 after purchasing an additional 649 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in BOK Financial by 27.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,500 shares of the bank’s stock valued at $339,000 after purchasing an additional 760 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in BOK Financial by 1.4% in the 2nd quarter. Raymond James & Associates now owns 58,910 shares of the bank’s stock valued at $5,538,000 after purchasing an additional 803 shares in the last quarter. Institutional investors own 36.37% 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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