BOK Financial Co. (NASDAQ:BOKF) – Analysts at Piper Jaffray Companies cut their Q1 2019 earnings per share (EPS) estimates for shares of BOK Financial in a research note issued on Thursday, October 25th. Piper Jaffray Companies analyst B. Rabatin now expects that the bank will post earnings of $1.56 per share for the quarter, down from their prior forecast of $1.62. Piper Jaffray Companies also issued estimates for BOK Financial’s Q2 2019 earnings at $1.87 EPS, Q3 2019 earnings at $1.93 EPS, Q4 2019 earnings at $1.97 EPS and FY2019 earnings at $7.35 EPS.
Several other brokerages also recently issued reports on BOKF. Zacks Investment Research upgraded BOK Financial from a “hold” rating to a “buy” rating and set a $111.00 price target for the company in a report on Monday, August 20th. BidaskClub upgraded BOK Financial from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Stephens set a $114.00 price target on BOK Financial and gave the company a “buy” rating in a report on Wednesday, October 24th. Wedbush set a $105.00 price target on BOK Financial and gave the company a “buy” rating in a report on Thursday. Finally, Wells Fargo & Co set a $100.00 price target on BOK Financial and gave the company a “hold” rating in a report on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $105.79.
BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, October 24th. The bank reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.04. The business had revenue of $408.82 million during 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 prior year, the firm posted $1.31 EPS.
In related news, EVP Stephen D. Grossi sold 1,350 shares of the stock in a transaction on Monday, August 13th. The stock was sold at an average price of $98.75, for a total value of $133,312.50. Following the completion of the sale, the executive vice president now directly owns 20,191 shares in the company, valued at approximately $1,993,861.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director C Fred Ball, Jr. sold 476 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $103.28, for a total value of $49,161.28. Following the completion of the sale, the director now owns 3,592 shares of the company’s stock, valued at $370,981.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,276 shares of company stock valued at $228,788. 60.50% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. NumerixS Investment Technologies Inc acquired a new stake in shares of BOK Financial during the second quarter valued at about $104,000. Barclays PLC grew its stake in shares of BOK Financial by 598.8% during the first quarter. Barclays PLC now owns 1,167 shares of the bank’s stock valued at $116,000 after acquiring an additional 1,000 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of BOK Financial during the second quarter valued at about $120,000. KHP Capital LLC grew its stake in shares of 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 acquiring an additional 638 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in shares of BOK Financial during the second quarter valued at about $133,000. Institutional investors own 33.71% 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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