The Q2 2017 EPS Estimates for BOK Financial Co. Raised by Analyst (BOKF)

The Q2 2017 EPS Estimates for BOK Financial Co. Raised by Analyst (BOKF)

BOK Financial Co. (NASDAQ:BOKF) – Research analysts at Wedbush lifted their Q2 2017 earnings per share estimates for BOK Financial in a report released on Thursday. Wedbush analyst P. Winter now expects that the bank will post earnings of $1.33 per share for the quarter, up from their previous forecast of $1.32. Wedbush has a “Neutral” rating and a $83.00 price target on the stock. Wedbush also issued estimates for BOK Financial’s Q3 2017 earnings at $1.36 EPS, Q4 2017 earnings at $1.29 EPS, FY2017 earnings at $5.35 EPS, Q1 2018 earnings at $1.27 EPS, Q2 2018 earnings at $1.40 EPS, Q3 2018 earnings at $1.44 EPS, Q4 2018 earnings at $1.41 EPS and FY2018 earnings at $5.52 EPS.

Several other equities analysts also recently weighed in on BOKF. Royal Bank of Canada reaffirmed a “hold” rating and issued a $90.00 target price on shares of BOK Financial in a research report on Friday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $81.00 target price (up from $80.00) on shares of BOK Financial in a research report on Saturday. Stephens upgraded BOK Financial from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, April 26th. Zacks Investment Research upgraded BOK Financial from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Wednesday, March 29th. Finally, TheStreet upgraded BOK Financial from a “c+” rating to a “b” rating in a research note on Monday, March 20th. Nine research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. BOK Financial currently has a consensus rating of “Hold” and a consensus price target of $85.29. Shares of BOK Financial (NASDAQ:BOKF) opened at 81.19 on Monday. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 19.17 and a beta of 0.90. The company has a 50-day moving average of $81.91 and a 200-day moving average of $81.47. BOK Financial has a 1-year low of $56.08 and a 1-year high of $88.78.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Friday, May 12th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, May 10th. BOK Financial’s dividend payout ratio is currently 49.86%. In other news, EVP Donald T. Parker sold 7,650 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $82.75, for a total value of $633,037.50. Following the transaction, the executive vice president now owns 43,610 shares of the company’s stock, valued at $3,608,727.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott Grauer sold 865 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $85.57, for a total value of $74,018.05. Following the completion of the transaction, the executive vice president now directly owns 25,685 shares in the company, valued at approximately $2,197,865.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,985 shares of company stock valued at $1,231,453. 61.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aristotle Capital Management LLC raised its position in BOK Financial by 5.8% in the first quarter. Aristotle Capital Management LLC now owns 1,879,501 shares of the bank’s stock worth $147,109,000 after buying an additional 103,196 shares during the last quarter. Jane Street Group LLC raised its position in shares of BOK Financial by 35.3% in the first quarter. Jane Street Group LLC now owns 4,393 shares of the bank’s stock worth $344,000 after buying an additional 1,146 shares in the last quarter. Paloma Partners Management Co raised its position in shares of BOK Financial by 16.1% in the first quarter. Paloma Partners Management Co now owns 20,279 shares of the bank’s stock worth $1,587,000 after buying an additional 2,811 shares in the last quarter. AQR Capital Management LLC raised its position in shares of BOK Financial by 38.3% in the first quarter. AQR Capital Management LLC now owns 127,625 shares of the bank’s stock worth $9,990,000 after buying an additional 35,323 shares in the last quarter. Finally, State Street Corp raised its position in shares of BOK Financial by 3.1% in the first quarter. State Street Corp now owns 644,977 shares of the bank’s stock worth $50,480,000 after buying an additional 19,624 shares in the last quarter. 36.25% of the stock is currently owned by institutional investors and hedge funds. BOK Financial Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BOKF”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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