FY2024 EPS Estimates for BOK Financial Raised by DA Davidson

BOK Financial Co. (NASDAQ:BOKF) – DA Davidson increased their FY2024 earnings per share (EPS) estimates for BOK Financial in a research report issued to clients and investors on Wednesday, October 23rd. DA Davidson analyst P. Winter now expects that the bank will earn $8.05 per share for the year, up from their previous forecast of $8.00. DA Davidson has a “Buy” rating and a $123.00 price target on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $7.85 per share. DA Davidson also issued estimates for BOK Financial’s Q4 2024 earnings at $2.06 EPS.

A number of other research analysts also recently weighed in on BOKF. StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Hovde Group upped their price target on BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Wells Fargo & Company upped their price target on BOK Financial from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. Keefe, Bruyette & Woods upped their price target on BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, Wedbush restated a “neutral” rating and issued a $115.00 price target on shares of BOK Financial in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $111.90.

BOK Financial Trading Down 0.1 %

NASDAQ BOKF opened at $107.90 on Thursday. The stock has a market cap of $6.96 billion, a P/E ratio of 15.73 and a beta of 1.17. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27. BOK Financial has a 12 month low of $62.42 and a 12 month high of $114.93. The stock’s fifty day moving average price is $104.48 and its 200-day moving average price is $97.06.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. The firm had revenue of $888.50 million for the quarter, compared to analysts’ expectations of $509.43 million. During the same period in the prior year, the firm posted $2.04 earnings per share.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.04%. The ex-dividend date was Thursday, August 15th. BOK Financial’s dividend payout ratio is presently 32.07%.

Hedge Funds Weigh In On BOK Financial

Several institutional investors have recently added to or reduced their stakes in BOKF. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of BOK Financial by 14.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 113,053 shares of the bank’s stock valued at $10,401,000 after purchasing an additional 14,289 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of BOK Financial by 71.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock valued at $3,168,000 after purchasing an additional 15,626 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of BOK Financial in the 2nd quarter valued at approximately $3,429,000. Sei Investments Co. bought a new stake in shares of BOK Financial in the 1st quarter valued at approximately $468,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of BOK Financial in the 2nd quarter valued at approximately $540,000. Hedge funds and other institutional investors 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.