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.

A number of other research firms also recently commented on BOKF. Raymond James decreased their target price on BOK Financial from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday. BidaskClub upgraded BOK Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Wells Fargo & Co set a $100.00 target price on BOK Financial and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research upgraded BOK Financial from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a research report on Monday, August 20th. Finally, ValuEngine downgraded BOK Financial from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. BOK Financial currently has an average rating of “Hold” and a consensus target price of $105.79.

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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Earnings History and Estimates for BOK Financial (NASDAQ:BOKF)

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