BOK Financial (BOKF) Projected to Post Quarterly Earnings on Monday

BOK Financial (NASDAQ:BOKF) is expected to post its quarterly earnings results after the market closes on Monday, January 20th. Analysts expect BOK Financial to post earnings of $1.97 per share and revenue of $517,091.77 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The business had revenue of $888.50 million during the quarter, compared to analyst estimates of $509.43 million. During the same quarter in the prior year, the business earned $2.04 earnings per share. On average, analysts expect BOK Financial to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

BOK Financial Trading Up 1.7 %

Shares of BOKF opened at $112.99 on Friday. The stock’s 50-day moving average price is $113.20 and its 200 day moving average price is $106.47. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 15.54 and a beta of 1.20. BOK Financial has a 12-month low of $77.86 and a 12-month high of $121.58.

BOK Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.02%. BOK Financial’s payout ratio is currently 31.36%.

Insider Activity at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the sale, the director now directly owns 44,709 shares in the company, valued at approximately $5,268,061.47. This trade represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 59.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BOKF. Stephens decreased their price target on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. DA Davidson decreased their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada increased their price target on shares of BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company lifted their price objective on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 3rd. Finally, Wedbush reissued a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $114.40.

BOK Financial Company Profile

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.