BOK Financial Co. (NASDAQ:BOKF) – Analysts at Wedbush reduced their FY2021 EPS estimates for shares of BOK Financial in a research note issued to investors on Friday, September 17th. Wedbush analyst P. Winter now expects that the bank will post earnings of $7.65 per share for the year, down from their prior forecast of $8.07. Wedbush also issued estimates for BOK Financial’s Q1 2022 earnings at $1.52 EPS, Q2 2022 earnings at $1.68 EPS, Q3 2022 earnings at $1.75 EPS and FY2023 earnings at $6.99 EPS.
Several other equities research analysts have also issued reports on the stock. Hovde Group decreased their price target on shares of BOK Financial from $99.00 to $93.00 and set a “market perform” rating for the company in a research note on Thursday, July 22nd. Morgan Stanley boosted their target price on BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a research note on Monday, August 2nd. TheStreet lowered BOK Financial from a “b” rating to a “c+” rating in a report on Friday, August 13th. Finally, Stephens reduced their target price on shares of BOK Financial from $89.00 to $87.00 and set an “equal weight” rating for the company in a research note on Thursday, July 22nd. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $85.63.
BOK Financial (NASDAQ:BOKF) last posted its earnings results on Tuesday, July 20th. The bank reported $2.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.58. The firm had revenue of $471.76 million during the quarter, compared to analyst estimates of $445.53 million. BOK Financial had a net margin of 31.13% and a return on equity of 11.75%. During the same quarter in the prior year, the business posted $0.92 EPS.
Several large investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new stake in BOK Financial in the first quarter worth $32,000. Marshall Wace North America L.P. purchased a new stake in BOK Financial during the 1st quarter valued at about $50,000. Metropolitan Life Insurance Co NY bought a new stake in BOK Financial during the 2nd quarter valued at about $55,000. Toronto Dominion Bank lifted its stake in shares of BOK Financial by 18.6% in the second quarter. Toronto Dominion Bank now owns 727 shares of the bank’s stock worth $63,000 after buying an additional 114 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of BOK Financial by 38.0% during the first quarter. First Horizon Advisors Inc. now owns 727 shares of the bank’s stock valued at $65,000 after acquiring an additional 200 shares in the last quarter. 39.44% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Steven G. Bradshaw sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 5th. The stock was sold at an average price of $85.62, for a total transaction of $856,200.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven Bangert sold 5,000 shares of the business’s stock in a transaction on Friday, July 23rd. The shares were sold at an average price of $81.06, for a total transaction of $405,300.00. Following the transaction, the director now directly owns 102,052 shares in the company, valued at $8,272,335.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,450 shares of company stock worth $2,871,960. 56.40% of the stock is owned by company insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 26th. Stockholders of record on Monday, August 16th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, August 13th. BOK Financial’s payout ratio is 33.60%.
BOK Financial Company Profile
BOK Financial Corp. is a holding company, which engages in the provision of financial solutions. It operates through the following segments: Commercial Banking, Consumer Banking, Wealth Management, and Funds Management. The Commercial Banking segment includes lending, treasury, and cash management services, as well as customers risk management products for small businesses, middle market, and larger commercial customers.
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