BOK Financial Corporation to Post Q4 2017 Earnings of $1.37 Per Share, Wedbush Forecasts (BOKF)
BOK Financial Corporation (NASDAQ:BOKF) – Research analysts at Wedbush dropped their Q4 2017 earnings per share estimates for BOK Financial in a research report issued on Thursday. Wedbush analyst P. Winter now anticipates that the bank will post earnings of $1.37 per share for the quarter, down from their previous estimate of $1.38.
BOKF has been the topic of a number of other reports. Morgan Stanley boosted their price target on shares of BOK Financial from $85.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. ValuEngine upgraded shares of BOK Financial from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Royal Bank of Canada restated a “hold” rating and set a $92.00 price target on shares of BOK Financial in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of BOK Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Piper Jaffray Companies restated a “hold” rating and set a $89.00 price target on shares of BOK Financial in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $92.13.
BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.05). BOK Financial had a net margin of 19.31% and a return on equity of 9.15%. The firm 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 business earned $1.13 earnings per share.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its holdings in shares of BOK Financial by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 8,819 shares of the bank’s stock worth $742,000 after purchasing an additional 129 shares in the last quarter. People s United Financial Inc. raised its holdings in shares of BOK Financial by 1.2% in the 2nd quarter. People s United Financial Inc. now owns 10,643 shares of the bank’s stock worth $895,000 after purchasing an additional 130 shares in the last quarter. Nationwide Fund Advisors raised its holdings in shares of BOK Financial by 2.0% in the 2nd quarter. Nationwide Fund Advisors now owns 15,010 shares of the bank’s stock worth $1,263,000 after purchasing an additional 300 shares in the last quarter. Amalgamated Bank raised its holdings in shares of BOK Financial by 22.4% in the 2nd quarter. Amalgamated Bank now owns 4,510 shares of the bank’s stock worth $379,000 after purchasing an additional 826 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of BOK Financial by 1.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 52,179 shares of the bank’s stock worth $4,390,000 after purchasing an additional 954 shares in the last quarter. Institutional investors and hedge funds own 31.56% of the company’s stock.
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BOK Financial 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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