Analysts Expect BOK Financial Co. (BOKF) Will Post Quarterly Sales of $403.08 Million
Analysts forecast that BOK Financial Co. (NASDAQ:BOKF) will post sales of $403.08 million for the current quarter, according to Zacks. Six analysts have made estimates for BOK Financial’s earnings, with the highest sales estimate coming in at $416.10 million and the lowest estimate coming in at $395.66 million. BOK Financial reported sales of $394.16 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.3%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, October 24th.
On average, analysts expect that BOK Financial will report full-year sales of $1.60 billion for the current financial year, with estimates ranging from $1.55 billion to $1.64 billion. For the next financial year, analysts expect that the business will report sales of $1.86 billion, with estimates ranging from $1.80 billion to $1.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow BOK Financial.
BOK Financial (NASDAQ:BOKF) last issued its earnings results on Wednesday, July 25th. The bank reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.06. The firm had revenue of $394.96 million during the quarter, compared to analyst estimates of $389.41 million. BOK Financial had a net margin of 21.91% and a return on equity of 11.04%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $1.35 earnings per share.
NASDAQ:BOKF traded down $1.77 on Friday, reaching $90.81. 309,968 shares of the company’s stock were exchanged, compared to its average volume of 183,858. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $6.37 billion, a PE ratio of 17.17, a P/E/G ratio of 1.76 and a beta of 0.96. BOK Financial has a 52 week low of $80.11 and a 52 week high of $107.00.
In other news, Director C Fred Ball, Jr. sold 476 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $103.28, for a total value of $49,161.28. Following the sale, the director now directly owns 3,592 shares of the company’s stock, valued at $370,981.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stephen D. Grossi sold 1,350 shares of the stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $98.75, for a total transaction of $133,312.50. Following the completion of the sale, the executive vice president now directly owns 20,191 shares in the company, valued at $1,993,861.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,276 shares of company stock worth $228,788. Insiders own 60.50% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can raised its stake in BOK Financial by 50.7% in the third quarter. Bank of Montreal Can now owns 1,910 shares of the bank’s stock valued at $185,000 after purchasing an additional 643 shares in the last quarter. State of Alaska Department of Revenue raised its stake in BOK Financial by 27.7% in the third quarter. State of Alaska Department of Revenue now owns 3,500 shares of the bank’s stock valued at $339,000 after purchasing an additional 760 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in BOK Financial by 56.8% in the second quarter. Public Employees Retirement System of Ohio now owns 11,473 shares of the bank’s stock valued at $1,079,000 after purchasing an additional 4,156 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in BOK Financial in the second quarter valued at approximately $215,000. Finally, Millennium Management LLC purchased a new stake in BOK Financial in the second quarter valued at approximately $2,498,000. 34.31% of the stock is currently owned by institutional investors and hedge funds.
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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