Analysts Offer Predictions for BOK Financial Co.’s FY2024 Earnings (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF) – Wedbush lifted their FY2024 EPS estimates for BOK Financial in a research report issued to clients and investors on Tuesday, July 23rd. Wedbush analyst D. Chiaverini now anticipates that the bank will earn $7.90 per share for the year, up from their previous estimate of $7.81. Wedbush has a “Neutral” rating and a $115.00 price objective on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $7.70 per share. Wedbush also issued estimates for BOK Financial’s Q4 2024 earnings at $2.06 EPS, Q1 2025 earnings at $2.02 EPS, Q3 2025 earnings at $2.18 EPS, Q4 2025 earnings at $2.23 EPS and FY2025 earnings at $8.50 EPS.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, beating the consensus estimate of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 10.04%. The business had revenue of $871.84 million for the quarter, compared to analyst estimates of $520.43 million. During the same period in the prior year, the business earned $2.27 earnings per share.

A number of other research analysts have also recently weighed in on BOKF. DA Davidson raised their price objective on shares of BOK Financial from $97.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday. StockNews.com raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Truist Financial raised their target price on shares of BOK Financial from $94.00 to $112.00 and gave the stock a “hold” rating in a research report on Wednesday. Royal Bank of Canada raised their target price on shares of BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Raymond James restated an “outperform” rating and set a $105.00 target price (up previously from $103.00) on shares of BOK Financial in a research report on Thursday, April 25th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, BOK Financial currently has an average rating of “Hold” and a consensus price target of $108.00.

BOK Financial Trading Down 0.8 %

Shares of BOKF opened at $105.19 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $92.56 and a 200-day simple moving average of $88.82. BOK Financial has a 1-year low of $62.42 and a 1-year high of $107.97. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 15.33 and a beta of 1.19.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th were issued a $0.55 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.09%. BOK Financial’s dividend payout ratio (DPR) is presently 32.07%.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total value of $274,980.00. Following the transaction, the director now owns 47,985 shares in the company, valued at approximately $4,398,305.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 56.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On BOK Financial

Several hedge funds and other institutional investors have recently made changes to their positions in BOKF. SG Americas Securities LLC lifted its holdings in shares of BOK Financial by 29.2% during the 4th quarter. SG Americas Securities LLC now owns 5,609 shares of the bank’s stock valued at $480,000 after acquiring an additional 1,266 shares in the last quarter. Elk River Wealth Management LLC lifted its holdings in shares of BOK Financial by 33.7% during the 4th quarter. Elk River Wealth Management LLC now owns 8,303 shares of the bank’s stock valued at $711,000 after acquiring an additional 2,094 shares in the last quarter. Cambiar Investors LLC lifted its holdings in shares of BOK Financial by 3.5% during the 4th quarter. Cambiar Investors LLC now owns 130,781 shares of the bank’s stock valued at $11,201,000 after acquiring an additional 4,433 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of BOK Financial by 26.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,059 shares of the bank’s stock valued at $519,000 after acquiring an additional 1,271 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of BOK Financial by 0.8% during the 4th quarter. New York State Common Retirement Fund now owns 25,063 shares of the bank’s stock valued at $2,147,000 after acquiring an additional 195 shares in the last quarter. Institutional investors and hedge funds own 34.44% 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.