Q3 2019 Earnings Forecast for BOK Financial Co. (BOKF) Issued By Wedbush
BOK Financial Co. (NASDAQ:BOKF) – Equities researchers at Wedbush lifted their Q3 2019 earnings per share estimates for shares of BOK Financial in a report issued on Wednesday, October 24th. Wedbush analyst P. Winter now expects that the bank will earn $1.93 per share for the quarter, up from their prior estimate of $1.92. Wedbush has a “Buy” rating and a $105.00 price target on the stock.
BOK Financial (NASDAQ:BOKF) last posted its earnings results on Wednesday, October 24th. The bank reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.04. The company had revenue of $408.82 million for the quarter, compared to the consensus estimate of $403.09 million. BOK Financial had a return on equity of 11.91% and a net margin of 23.20%. During the same period in the previous year, the business earned $1.31 earnings per share.
NASDAQ:BOKF opened at $83.11 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $5.44 billion, a P/E ratio of 15.71, a PEG ratio of 1.50 and a beta of 0.96. BOK Financial has a 12 month low of $80.11 and a 12 month high of $107.00.
A number of hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its position in BOK Financial by 3.6% during the second quarter. PNC Financial Services Group Inc. now owns 15,733 shares of the bank’s stock valued at $1,478,000 after purchasing an additional 546 shares during the period. KHP Capital LLC raised its position in BOK Financial by 89.7% during the second quarter. KHP Capital LLC now owns 1,349 shares of the bank’s stock valued at $127,000 after purchasing an additional 638 shares during the period. Bank of Montreal Can raised its position in BOK Financial by 50.7% during 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 during the period. Ramsey Quantitative Systems raised its position in BOK Financial by 21.4% during the third quarter. Ramsey Quantitative Systems now owns 3,678 shares of the bank’s stock valued at $358,000 after purchasing an additional 649 shares during the period. Finally, State of Alaska Department of Revenue raised its position in BOK Financial by 27.7% during 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 during the period. Institutional investors and hedge funds own 33.71% of the company’s stock.
In other BOK Financial news, Director C Fred Ball, Jr. sold 476 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $103.28, for a total transaction of $49,161.28. Following the sale, the director now directly owns 3,592 shares in the company, valued at $370,981.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director C Fred Ball, Jr. sold 450 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $102.92, for a total value of $46,314.00. Following the sale, the director now owns 3,066 shares in the company, valued at $315,552.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,276 shares of company stock worth $228,788. Company insiders own 60.50% of the company’s stock.
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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