Brokerages Anticipate BOK Financial Co. (NASDAQ:BOKF) to Announce $1.92 Earnings Per Share


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Equities research analysts forecast that BOK Financial Co. (NASDAQ:BOKF) will post $1.92 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for BOK Financial’s earnings. The lowest EPS estimate is $1.73 and the highest is $2.06. BOK Financial posted earnings of $0.88 per share in the same quarter last year, which indicates a positive year over year growth rate of 118.2%. The firm is scheduled to report its next quarterly earnings report before the market opens on Wednesday, April 21st.

On average, analysts expect that BOK Financial will report full-year earnings of $7.16 per share for the current financial year, with EPS estimates ranging from $6.76 to $7.66. For the next year, analysts anticipate that the company will report earnings of $6.60 per share, with EPS estimates ranging from $5.87 to $7.07. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover BOK Financial.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Tuesday, January 19th. The bank reported $2.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.29. BOK Financial had a return on equity of 7.73% and a net margin of 18.23%. The company had revenue of $494.01 million during the quarter, compared to the consensus estimate of $484.87 million. During the same period in the previous year, the company posted $1.56 earnings per share.

BOKF has been the subject of a number of analyst reports. Truist boosted their price target on BOK Financial from $83.00 to $92.00 in a report on Monday, March 8th. Wells Fargo & Company upped their target price on BOK Financial from $80.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 21st. Finally, Morgan Stanley upped their target price on BOK Financial from $94.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 24th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $80.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOKF. Marshall Wace North America L.P. purchased a new position in shares of BOK Financial during the 1st quarter worth $50,000. UBS Asset Management Americas Inc. lifted its stake in BOK Financial by 4.2% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 46,777 shares of the bank’s stock worth $2,409,000 after acquiring an additional 1,891 shares in the last quarter. Morgan Stanley lifted its stake in BOK Financial by 196.3% during the 3rd quarter. Morgan Stanley now owns 90,789 shares of the bank’s stock worth $4,677,000 after acquiring an additional 60,149 shares in the last quarter. Squarepoint Ops LLC acquired a new position in BOK Financial during the 3rd quarter worth about $461,000. Finally, AQR Capital Management LLC lifted its stake in BOK Financial by 46.6% during the 3rd quarter. AQR Capital Management LLC now owns 63,835 shares of the bank’s stock worth $3,288,000 after acquiring an additional 20,302 shares in the last quarter. Institutional investors and hedge funds own 41.23% of the company’s stock.

NASDAQ:BOKF traded up $1.99 during trading hours on Friday, reaching $91.38. The company had a trading volume of 165,559 shares, compared to its average volume of 232,475. BOK Financial has a 1-year low of $37.79 and a 1-year high of $98.95. The firm has a market cap of $6.36 billion, a PE ratio of 16.46 and a beta of 1.58. The business’s 50 day moving average price is $91.64 and its 200-day moving average price is $75.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.78 and a quick ratio of 0.77.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 23rd. Stockholders of record on Monday, February 15th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Thursday, February 11th. BOK Financial’s dividend payout ratio is presently 29.05%.

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

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