BOK Financial (BOKF) Scheduled to Post Quarterly Earnings on Wednesday

BOK Financial (NASDAQ:BOKF) will issue its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.72 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, January 24th. The bank reported $1.26 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.49). BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. The business had revenue of $843.21 million during the quarter, compared to analysts’ expectations of $485.87 million. During the same quarter in the previous year, the firm earned $2.51 earnings per share. On average, analysts expect BOK Financial to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

BOK Financial Trading Up 2.8 %

Shares of BOKF stock opened at $87.85 on Monday. BOK Financial has a 12-month low of $62.42 and a 12-month high of $92.75. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52. The stock’s 50-day moving average price is $86.73 and its 200-day moving average price is $81.11. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 10.98 and a beta of 1.21.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $2.20 annualized dividend and a dividend yield of 2.50%. BOK Financial’s dividend payout ratio (DPR) is 27.50%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BOKF. Stephens lifted their target price on BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. Citigroup boosted their price objective on BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Truist Financial boosted their price objective on BOK Financial from $90.00 to $99.00 and gave the stock a “hold” rating in a research note on Monday, April 1st. Wells Fargo & Company boosted their price objective on BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 10th. Finally, Raymond James raised BOK Financial from a “market perform” rating to an “outperform” rating and set a $103.00 price objective on the stock in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BOK Financial has a consensus rating of “Hold” and a consensus target price of $96.22.

Insider Activity

In other news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $81.59, for a total transaction of $244,770.00. Following the transaction, the director now owns 50,985 shares of the company’s stock, valued at $4,159,866.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 56.94% of the company’s stock.

Institutional Trading of BOK Financial

A number of large investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of BOK Financial by 3.9% in the first quarter. BlackRock Inc. now owns 1,396,557 shares of the bank’s stock valued at $117,883,000 after purchasing an additional 52,607 shares during the period. State Street Corp boosted its holdings in shares of BOK Financial by 37.0% in the first quarter. State Street Corp now owns 1,231,625 shares of the bank’s stock valued at $115,711,000 after purchasing an additional 332,904 shares during the period. Millennium Management LLC lifted its holdings in BOK Financial by 75.3% during the fourth quarter. Millennium Management LLC now owns 587,487 shares of the bank’s stock worth $60,975,000 after buying an additional 252,346 shares during the period. Geode Capital Management LLC lifted its holdings in BOK Financial by 0.7% during the second quarter. Geode Capital Management LLC now owns 458,686 shares of the bank’s stock worth $37,053,000 after buying an additional 3,022 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in BOK Financial by 11,085.4% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 357,933 shares of the bank’s stock worth $37,150,000 after buying an additional 354,733 shares during the period. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.