BOK Financial Corporation (NASDAQ:BOKF) – Stock analysts at Wedbush boosted their FY2017 EPS estimates for shares of BOK Financial Corporation in a research note issued on Thursday. Wedbush analyst P. Winter now forecasts that the bank will post earnings per share of $5.46 for the year, up from their prior estimate of $5.39. Wedbush has a “Neutral” rating and a $83.00 price target on the stock.
BOK Financial Corporation (NASDAQ:BOKF) last posted its earnings results on Wednesday, July 26th. The bank reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. BOK Financial Corporation had a return on equity of 8.24% and a net margin of 17.85%. The business had revenue of $387.46 million during the quarter, compared to analysts’ expectations of $384.52 million. During the same period in the prior year, the business earned $1.00 EPS. WARNING: This report was first published by BNB Daily and is the sole property of of BNB Daily. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.baseball-news-blog.com/2017/08/08/equities-analysts-set-expectations-for-bok-financial-corporations-fy2017-earnings-nasdaqbokf-updated.html.
A number of other brokerages also recently weighed in on BOKF. Stephens set a $95.00 target price on BOK Financial Corporation and gave the stock a “buy” rating in a report on Wednesday. BidaskClub upgraded BOK Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded BOK Financial Corporation from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Tuesday, July 4th. ValuEngine downgraded BOK Financial Corporation from a “buy” rating to a “hold” rating in a report on Monday. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of BOK Financial Corporation in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $86.44.
BOK Financial Corporation (NASDAQ BOKF) traded down 0.63% during mid-day trading on Friday, reaching $85.13. The company had a trading volume of 26,321 shares. The firm has a market capitalization of $5.57 billion, a P/E ratio of 20.10 and a beta of 0.99. The firm’s 50-day moving average is $84.51 and its 200-day moving average is $82.00. BOK Financial Corporation has a one year low of $62.76 and a one year high of $88.80.
In other news, EVP Donald T. Parker sold 5,312 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $82.01, for a total transaction of $435,637.12. Following the transaction, the executive vice president now directly owns 43,510 shares in the company, valued at approximately $3,568,255.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott Grauer sold 1,750 shares of the stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $80.96, for a total value of $141,680.00. Following the transaction, the executive vice president now owns 23,935 shares in the company, valued at $1,937,777.60. The disclosure for this sale can be found here. Insiders sold a total of 14,712 shares of company stock worth $1,210,355 over the last 90 days. Corporate insiders own 62.00% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of BOK Financial Corporation by 16.2% in the first quarter. Vanguard Group Inc. now owns 2,423,592 shares of the bank’s stock valued at $189,696,000 after buying an additional 337,132 shares in the last quarter. Norges Bank bought a new stake in shares of BOK Financial Corporation during the fourth quarter valued at $17,717,000. Aristotle Capital Management LLC boosted its stake in shares of BOK Financial Corporation by 5.8% in the first quarter. Aristotle Capital Management LLC now owns 1,879,501 shares of the bank’s stock valued at $147,109,000 after buying an additional 103,196 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of BOK Financial Corporation by 5.1% in the first quarter. Neuberger Berman Group LLC now owns 1,809,638 shares of the bank’s stock valued at $141,640,000 after buying an additional 87,853 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of BOK Financial Corporation during the first quarter valued at $6,586,000. Institutional investors own 32.81% of the company’s stock.
About BOK Financial Corporation
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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