BOK Financial Co. to Post FY2024 Earnings of $7.82 Per Share, DA Davidson Forecasts (NASDAQ:BOKF)

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

Other equities analysts also recently issued research reports about the stock. Hovde Group boosted their target price on shares of BOK Financial from $96.00 to $97.00 and gave the stock a “market perform” rating in a research note on Thursday. Citigroup upped their price objective on shares of BOK Financial from $90.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Stephens upped their price objective on shares of BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Wells Fargo & Company upped their price objective on shares of BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods upped their target price on shares of BOK Financial from $97.00 to $100.00 and gave the company a “market perform” rating in a report on Thursday. One 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $97.10.

BOK Financial Stock Up 1.0 %

BOK Financial stock opened at $90.83 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52. The stock’s fifty day simple moving average is $87.55 and its 200-day simple moving average is $81.55. The firm has a market capitalization of $5.87 billion, a P/E ratio of 13.24 and a beta of 1.21. BOK Financial has a twelve month low of $62.42 and a twelve month high of $93.51.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating 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 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 company earned $2.43 earnings per share.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its holdings in shares of BOK Financial by 50.0% in the 3rd quarter. Invesco Ltd. now owns 85,067 shares of the bank’s stock valued at $6,804,000 after buying an additional 28,367 shares during the period. O Shaughnessy Asset Management LLC raised its position 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 in the last quarter. Schonfeld Strategic Advisors LLC raised its position 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 in the last quarter. Wellington Management Group LLP bought a new stake in shares of BOK Financial during the 3rd quarter worth about $5,375,000. Finally, VisionPoint Advisory Group LLC raised its holdings 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 worth $30,000 after purchasing an additional 192 shares in the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction 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 sale, the director now owns 50,985 shares of the company’s stock, valued at approximately $4,159,866.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 56.94% of the company’s stock.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Tuesday, February 13th. BOK Financial’s dividend payout ratio is presently 32.07%.

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.