BOK Financial Co. (NASDAQ:BOKF) – Equities research analysts at Truist Securiti increased their Q3 2020 earnings estimates for BOK Financial in a research report issued on Monday, September 14th. Truist Securiti analyst J. Demba now anticipates that the bank will post earnings of $1.05 per share for the quarter, up from their prior forecast of $0.95. Truist Securiti also issued estimates for BOK Financial’s FY2020 earnings at $4.31 EPS, Q1 2021 earnings at $1.57 EPS, Q3 2021 earnings at $1.81 EPS and FY2021 earnings at $6.78 EPS.
A number of other analysts have also issued reports on BOKF. Wedbush boosted their price target on shares of BOK Financial from $62.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. ValuEngine lowered shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. BidaskClub lowered shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Friday, August 21st. Finally, Morgan Stanley boosted their price objective on BOK Financial from $62.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $66.40.
Shares of BOKF opened at $53.31 on Wednesday. The firm has a market cap of $3.86 billion, a P/E ratio of 9.95 and a beta of 1.60. BOK Financial has a 12-month low of $34.57 and a 12-month high of $88.28. The company’s 50-day moving average price is $57.05 and its 200 day moving average price is $53.23. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.68.
BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.20). The company had revenue of $510.80 million during the quarter, compared to analysts’ expectations of $449.27 million. BOK Financial had a net margin of 17.26% and a return on equity of 7.65%.
Hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its holdings in shares of BOK Financial by 65.9% in the second quarter. First Horizon Advisors Inc. now owns 501 shares of the bank’s stock valued at $28,000 after acquiring an additional 199 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of BOK Financial in the first quarter valued at approximately $50,000. Rockefeller Capital Management L.P. boosted its holdings in shares of BOK Financial by 19,125.0% in the second quarter. Rockefeller Capital Management L.P. now owns 769 shares of the bank’s stock valued at $43,000 after acquiring an additional 765 shares during the period. Twin Tree Management LP boosted its holdings in shares of BOK Financial by 291.3% in the first quarter. Twin Tree Management LP now owns 900 shares of the bank’s stock valued at $38,000 after acquiring an additional 670 shares during the period. Finally, CWM Advisors LLC acquired a new stake in shares of BOK Financial in the first quarter valued at approximately $39,000. 42.50% of the stock is owned by institutional investors and hedge funds.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Friday, August 14th. BOK Financial’s dividend payout ratio (DPR) is 28.49%.
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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