BOK Financial Corporation
) crafted a new 52-week high, touching $65.84 at the end of the
trading session on May 17. The closing price of this leading
financial services provider represents a solid year-to-date
return of 19.8%. The trading volume for the session was 25,802
Despite hitting its 52-week high, this Zacks Rank #2 (Buy) stock
has plenty of upside left, given its strong estimate revisions
over the last 30 days and expected long-term earnings growth of
Impressive first-quarter 2013 results - including an earnings
surprise of 8.5% and negative provision for credit losses - as
well as a strong capital position were the primary growth drivers
for BOK Financial.
On Apr 30, BOK Financial reported first-quarter earnings of $1.28
per share, surpassing the Zacks Consensus Estimate by 10 cents.
Moreover, results came above the prior-quarter earnings of $1.21.
Reduced operating expenses, reflecting disciplined expense
management, aided the better-than-expected results. Additionally,
reduced net charge-offs and strong capital ratios were the
Moreover, BOK Financial has now delivered positive earnings
surprises in 3 of the last 4 quarters with an average beat of
Estimate Revisions Show Potency
Over the last 30 days, all 7 estimates for 2013 have been revised
upward for BOK Financial, lifting the Zacks Consensus Estimate by
3.4% to $4.87 per share. For 2014 as well, all 7 estimates moved
north, helping the Zacks Consensus Estimate advance 2.6% to $4.80
Other Southwest banks that are worth considering include
International Bancshares Corporation
Southside Bancshares Inc.
), both with a Zacks Rank #2 while
Metrocorp Bancshares Inc.
) carries a Zacks Rank #3 (Hold).
BOK FINL CORP (BOKF): Free Stock Analysis
INTL BANCSHARES (IBOC): Get Free Report
METROCORP BANCS (MCBI): Free Stock Analysis
SOUTHSIDE BANCS (SBSI): Free Stock Analysis
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