BOK Financial Co. Forecasted to Earn FY2024 Earnings of $7.82 Per Share (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF) – Equities research analysts at DA Davidson increased their FY2024 earnings estimates for BOK Financial in a research report issued to clients and investors on Thursday, April 25th. DA Davidson analyst P. Winter now anticipates that the bank will earn $7.82 per share for the year, up from their previous forecast of $7.31. DA Davidson has a “Neutral” rating and a $97.00 price target on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $7.49 per share.

Several other research firms have also weighed in on BOKF. StockNews.com lowered shares of BOK Financial from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Citigroup lifted their price target on shares of BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Truist Financial dropped their price target on BOK Financial from $99.00 to $97.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Royal Bank of Canada raised their price objective on BOK Financial from $94.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. Finally, Keefe, Bruyette & Woods lifted their target price on BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $97.10.

BOK Financial Trading Down 1.4 %

Shares of BOK Financial stock opened at $88.73 on Monday. The business has a fifty day simple moving average of $87.67 and a 200-day simple moving average of $81.65. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 12.93 and a beta of 1.21. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $93.51. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.52.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.19. BOK Financial had a return on equity of 10.62% and a net margin of 13.93%. The firm had revenue of $806.91 million during the quarter, compared to the consensus estimate of $473.70 million. During the same period in the prior year, the firm posted $2.43 earnings per share.

Insider Activity

In related news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the completion of the sale, the director now directly owns 50,985 shares in the company, valued at $4,159,866.15. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 59.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BOK Financial

A number of hedge funds have recently modified their holdings of the stock. Covestor Ltd grew its position in BOK Financial by 214.0% in the third quarter. Covestor Ltd now owns 314 shares of the bank’s stock worth $25,000 after acquiring an additional 214 shares in the last quarter. VisionPoint Advisory Group LLC lifted its stake in shares of BOK Financial by 102.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after purchasing an additional 192 shares during the last quarter. GAMMA Investing LLC bought a new stake in BOK Financial in the fourth quarter worth $41,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in BOK Financial during the third quarter worth $78,000. Finally, Quest Partners LLC acquired a new position in BOK Financial during the fourth quarter worth $134,000. 34.44% of the stock is owned by institutional investors and hedge funds.

About BOK Financial

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.