BOK Financial (BOKF) Scheduled to Post Earnings on Wednesday

BOK Financial (NASDAQ:BOKF - Get Free Report) will announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.72 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.49). The company had revenue of $843.21 million during the quarter, compared to analysts' expectations of $485.87 million. BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. During the same period in the previous year, the company posted $2.51 earnings per share. On average, analysts expect BOK Financial to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

BOK Financial Stock Down 0.3 %

BOKF traded down $0.22 during mid-day trading on Wednesday, reaching $85.13. 104,152 shares of the stock were exchanged, compared to its average volume of 162,340. BOK Financial has a 1 year low of $62.42 and a 1 year high of $92.75. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $5.50 billion, a PE ratio of 10.64 and a beta of 1.21. The company has a 50 day moving average price of $86.55 and a two-hundred day moving average price of $80.95.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Tuesday, February 13th. BOK Financial's payout ratio is currently 27.50%.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the business's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the sale, the director now owns 50,985 shares of the company's stock, valued at approximately $4,159,866.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 59.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its stake in BOK Financial by 1.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,578 shares of the bank's stock valued at $1,163,000 after buying an additional 183 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of BOK Financial by 3.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 12,298 shares of the bank's stock worth $1,053,000 after purchasing an additional 363 shares in the last quarter. Barclays PLC increased its position in shares of BOK Financial by 8.3% in the fourth quarter. Barclays PLC now owns 48,519 shares of the bank's stock worth $4,157,000 after purchasing an additional 3,704 shares during the last quarter. Voloridge Investment Management LLC increased its position in shares of BOK Financial by 14.8% in the fourth quarter. Voloridge Investment Management LLC now owns 53,809 shares of the bank's stock worth $4,609,000 after purchasing an additional 6,927 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake in BOK Financial by 14.7% in the fourth quarter. Nuveen Asset Management LLC now owns 95,260 shares of the bank's stock valued at $8,159,000 after purchasing an additional 12,218 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on BOKF shares. Citigroup boosted their target price on BOK Financial from $90.00 to $92.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 13th. Keefe, Bruyette & Woods boosted their price objective on BOK Financial from $94.00 to $97.00 and gave the stock a "market perform" rating in a research report on Friday, April 5th. Royal Bank of Canada raised their target price on BOK Financial from $93.00 to $94.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 9th. StockNews.com downgraded shares of BOK Financial from a "hold" rating to a "sell" rating in a report on Thursday, March 21st. Finally, Stephens raised their price objective on shares of BOK Financial from $96.00 to $98.00 and gave the stock an "equal weight" rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $96.22.

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.