BOK Financial Co. (NASDAQ:BOKF) – Equities research analysts at Wedbush boosted their Q3 2022 earnings estimates for shares of BOK Financial in a research report issued on Tuesday, April 6th. Wedbush analyst P. Winter now anticipates that the bank will post earnings of $1.79 per share for the quarter, up from their previous forecast of $1.78. Wedbush also issued estimates for BOK Financial’s Q4 2022 earnings at $1.79 EPS.
BOK Financial (NASDAQ:BOKF) last issued its earnings results on Tuesday, January 19th. The bank reported $2.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.29. BOK Financial had a return on equity of 7.73% and a net margin of 18.23%. The firm had revenue of $494.01 million for the quarter, compared to analysts’ expectations of $484.87 million. During the same quarter last year, the firm earned $1.56 earnings per share.
NASDAQ:BOKF opened at $89.51 on Thursday. The business’s 50-day moving average is $90.91 and its two-hundred day moving average is $73.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.78 and a quick ratio of 0.77. BOK Financial has a 12 month low of $37.79 and a 12 month high of $98.95. The firm has a market capitalization of $6.23 billion, a PE ratio of 16.13 and a beta of 1.58.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Asset Advisory Services LLC purchased a new stake in shares of BOK Financial during the fourth quarter worth about $25,000. Marshall Wace North America L.P. bought a new stake in BOK Financial in the first quarter valued at about $50,000. CI Investments Inc. increased its holdings in BOK Financial by 34.0% in the fourth quarter. CI Investments Inc. now owns 756 shares of the bank’s stock valued at $52,000 after buying an additional 192 shares during the last quarter. Toronto Dominion Bank increased its holdings in BOK Financial by 7,484.6% in the fourth quarter. Toronto Dominion Bank now owns 986 shares of the bank’s stock valued at $68,000 after buying an additional 973 shares during the last quarter. Finally, Sowell Financial Services LLC increased its holdings in BOK Financial by 359.3% in the fourth quarter. Sowell Financial Services LLC now owns 1,782 shares of the bank’s stock valued at $122,000 after buying an additional 1,394 shares during the last quarter. 41.23% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 23rd. Stockholders of record on Monday, February 15th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, February 11th. BOK Financial’s payout ratio is 29.05%.
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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