Equities Analysts Issue Forecasts for BOK Financial Co.’s Q2 2024 Earnings (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF) – DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for BOK Financial in a report released on Thursday, April 25th. DA Davidson analyst P. Winter anticipates that the bank will post earnings of $1.88 per share for the quarter. DA Davidson currently 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 $7.43 per share. DA Davidson also issued estimates for BOK Financial’s FY2025 earnings at $8.58 EPS.

BOKF has been the topic of several other research reports. Royal Bank of Canada lifted their target price on BOK Financial from $94.00 to $98.00 and gave the company a “sector perform” rating in a research note on Thursday. Keefe, Bruyette & Woods boosted their price target on BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a research note on Thursday. StockNews.com lowered BOK Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Stephens boosted their price target on BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. Finally, 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 research note on Friday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $97.10.

BOK Financial Price Performance

BOKF opened at $90.83 on Friday. The business’s 50-day moving average is $87.55 and its two-hundred day moving average is $81.51. BOK Financial has a 1 year low of $62.42 and a 1 year high of $93.51. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $5.87 billion, a PE ratio of 13.24 and a beta of 1.21.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Wednesday, April 24th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.19. BOK Financial had a return on equity of 10.62% and a net margin of 13.93%. The company had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. During the same quarter in the previous year, the firm earned $2.43 earnings per share.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Invesco Ltd. raised its stake in shares of BOK Financial by 50.0% during the 3rd quarter. Invesco Ltd. now owns 85,067 shares of the bank’s stock worth $6,804,000 after buying an additional 28,367 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of BOK Financial by 233.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock worth $3,838,000 after buying an additional 33,602 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in shares of BOK Financial by 4.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock worth $26,012,000 after buying an additional 14,639 shares during the period. Wellington Management Group LLP acquired a new position in shares of BOK Financial during the 3rd quarter worth approximately $5,375,000. Finally, VisionPoint Advisory Group LLC raised its stake in shares of BOK Financial by 102.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after buying an additional 192 shares during the period. 34.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $81.59, for a total value of $244,770.00. Following the completion of the transaction, the director now directly owns 50,985 shares of the company’s stock, valued at $4,159,866.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 56.94% of the stock is owned by insiders.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $2.20 dividend on an annualized basis and a yield of 2.42%. 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.