BOK Financial Co. (NASDAQ:BOKF) Expected to Post Quarterly Sales of $462.60 Million
Wall Street brokerages expect that BOK Financial Co. (NASDAQ:BOKF) will announce sales of $462.60 million for the current quarter, according to Zacks. Six analysts have provided estimates for BOK Financial’s earnings. The highest sales estimate is $469.10 million and the lowest is $452.37 million. BOK Financial reported sales of $408.82 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.2%. The company is scheduled to issue its next quarterly earnings results on Wednesday, October 23rd.
According to Zacks, analysts expect that BOK Financial will report full-year sales of $1.82 billion for the current fiscal year, with estimates ranging from $1.79 billion to $1.84 billion. For the next year, analysts expect that the company will report sales of $1.89 billion, with estimates ranging from $1.84 billion to $1.97 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for BOK Financial.
BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.13. BOK Financial had a net margin of 22.90% and a return on equity of 11.76%. The firm had revenue of $457.50 million for the quarter, compared to the consensus estimate of $449.59 million. During the same period in the prior year, the firm posted $1.75 earnings per share.
Shares of BOK Financial stock opened at $82.28 on Friday. BOK Financial has a 12-month low of $69.96 and a 12-month high of $105.21. The stock has a market capitalization of $5.97 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 1.74 and a beta of 1.23. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.95 and a current ratio of 0.96. The stock has a 50-day moving average price of $77.02.
In related news, Director Steven Bangert sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $86.84, for a total value of $868,400.00. Following the sale, the director now directly owns 147,841 shares of the company’s stock, valued at $12,838,512.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 54.90% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Virginia Retirement Systems ET AL raised its holdings in shares of BOK Financial by 7.6% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 14,200 shares of the bank’s stock worth $1,072,000 after acquiring an additional 1,000 shares in the last quarter. Strs Ohio raised its holdings in shares of BOK Financial by 40.2% during the 2nd quarter. Strs Ohio now owns 5,114 shares of the bank’s stock worth $386,000 after acquiring an additional 1,466 shares in the last quarter. BB&T Corp raised its holdings in shares of BOK Financial by 2.3% during the 2nd quarter. BB&T Corp now owns 22,875 shares of the bank’s stock worth $1,727,000 after acquiring an additional 519 shares in the last quarter. FDx Advisors Inc. raised its holdings in shares of BOK Financial by 15.1% during the 2nd quarter. FDx Advisors Inc. now owns 4,350 shares of the bank’s stock worth $328,000 after acquiring an additional 570 shares in the last quarter. Finally, Machina Capital S.A.S. purchased a new stake in shares of BOK Financial during the 2nd quarter worth approximately $150,000. 39.74% of the stock is currently owned by institutional investors and hedge funds.
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.
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