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

BOK Financial (NASDAQ:BOKF) is anticipated to announce its earnings results after the market closes on Monday, January 20th. Analysts expect the company to announce earnings of $1.97 per share and revenue of $517,091.77 billion for the quarter.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.20. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The company had revenue of $888.50 million for the quarter, compared to analysts’ expectations of $509.43 million. During the same period in the prior year, the business earned $2.04 EPS. On average, analysts expect BOK Financial to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

BOK Financial Stock Up 1.6 %

BOK Financial stock traded up $1.79 during midday trading on Wednesday, hitting $111.23. 124,000 shares of the company’s stock were exchanged, compared to its average volume of 122,822. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. BOK Financial has a 12 month low of $77.86 and a 12 month high of $121.58. The firm has a 50-day moving average of $113.45 and a two-hundred day moving average of $106.24. The company has a market cap of $7.13 billion, a PE ratio of 15.30 and a beta of 1.20.

BOK Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.05%. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, November 15th. BOK Financial’s dividend payout ratio is presently 31.36%.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the transaction, the director now directly owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 59.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. DA Davidson decreased their price target on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Stephens decreased their price target on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company increased their price target on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Wedbush reissued a “neutral” rating and set a $115.00 price target on shares of BOK Financial in a research report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods increased their price target on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.