$387.58 Million in Sales Expected for BOK Financial Co. (BOKF) This Quarter
Equities research analysts expect that BOK Financial Co. (NASDAQ:BOKF) will announce sales of $387.58 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for BOK Financial’s earnings. The lowest sales estimate is $383.80 million and the highest is $390.70 million. BOK Financial reported sales of $365.54 million during the same quarter last year, which indicates a positive year over year growth rate of 6%. The company is scheduled to report its next earnings report on Wednesday, April 25th.
On average, analysts expect that BOK Financial will report full-year sales of $387.58 million for the current year, with estimates ranging from $1.59 billion to $1.61 billion. For the next year, analysts forecast that the firm will report sales of $1.68 billion per share, with estimates ranging from $1.67 billion to $1.68 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover BOK Financial.
BOK Financial (NASDAQ:BOKF) last posted its earnings results on Wednesday, January 24th. The bank reported $1.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.05). BOK Financial had a net margin of 20.14% and a return on equity of 10.00%. The company had revenue of $383.70 million for the quarter, compared to the consensus estimate of $391.73 million. During the same quarter last year, the business earned $1.09 earnings per share.
Institutional investors have recently bought and sold shares of the company. George Kaiser Family Foundation grew its position in BOK Financial by 40.5% during the fourth quarter. George Kaiser Family Foundation now owns 2,809,755 shares of the bank’s stock worth $259,397,000 after buying an additional 809,755 shares in the last quarter. Aristotle Capital Management LLC grew its position in BOK Financial by 7.0% during the fourth quarter. Aristotle Capital Management LLC now owns 2,212,505 shares of the bank’s stock worth $204,258,000 after buying an additional 143,951 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in BOK Financial during the fourth quarter worth about $10,855,000. The Manufacturers Life Insurance Company grew its position in BOK Financial by 11.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 374,138 shares of the bank’s stock worth $34,541,000 after buying an additional 38,618 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its position in BOK Financial by 30.0% during the fourth quarter. OppenheimerFunds Inc. now owns 149,469 shares of the bank’s stock worth $13,799,000 after buying an additional 34,499 shares in the last quarter. Institutional investors and hedge funds own 33.46% of the company’s stock.
BOK Financial (NASDAQ:BOKF) opened at $100.49 on Wednesday. BOK Financial has a 1-year low of $73.44 and a 1-year high of $101.92. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $6,614.69, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.45 dividend. The ex-dividend date was Thursday, February 8th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.79%. BOK Financial’s payout ratio is presently 35.16%.
About BOK Financial
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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