Analysts Offer Predictions for BOK Financial Co.’s Q3 2024 Earnings (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF) – Stock analysts at DA Davidson issued their Q3 2024 EPS estimates for BOK Financial in a research note issued on Wednesday, July 24th. DA Davidson analyst P. Winter forecasts that the bank will post earnings of $1.94 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $111.00 price objective on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $7.72 per share.

Several other analysts have also recently weighed in on BOKF. Stephens reissued an “equal weight” rating and issued a $104.00 price objective on shares of BOK Financial in a research note on Tuesday. Royal Bank of Canada boosted their price objective on shares of BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Wells Fargo & Company boosted their price objective on shares of BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 10th. Raymond James restated an “outperform” rating and issued a $105.00 target price (up previously from $103.00) on shares of BOK Financial in a report on Thursday, April 25th. Finally, Hovde Group boosted their target price on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and an average target price of $108.00.

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $105.72 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.34. BOK Financial has a twelve month low of $62.42 and a twelve month high of $107.97. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 15.41 and a beta of 1.19. The company’s fifty day moving average is $92.97 and its 200 day moving average is $89.08.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 earnings per share for the quarter, topping 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 company had revenue of $871.84 million for the quarter, compared to analysts’ expectations of $520.43 million. During the same quarter in the previous year, the firm posted $2.27 earnings per share.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors and hedge funds have recently made changes to their positions in BOKF. Norges Bank acquired a new stake in shares of BOK Financial in the 4th quarter worth about $27,170,000. Dimensional Fund Advisors LP raised its holdings in shares of BOK Financial by 13.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock worth $163,252,000 after acquiring an additional 221,785 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of BOK Financial by 4,370,260.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock worth $20,025,000 after acquiring an additional 218,513 shares during the last quarter. George Kaiser Family Foundation raised its holdings in shares of BOK Financial by 1.2% in the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock worth $287,930,000 after acquiring an additional 38,898 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of BOK Financial in the 4th quarter worth about $2,399,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Insider Activity

In related news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $91.66, for a total value of $274,980.00. Following the sale, the director now owns 47,985 shares in the company, valued at approximately $4,398,305.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 56.94% of the company’s stock.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, May 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.08%. BOK Financial’s dividend payout ratio is currently 32.07%.

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.