FY2024 EPS Forecast for BOK Financial Boosted by Analyst

BOK Financial Co. (NASDAQ:BOKFFree Report) – Analysts at DA Davidson upped their FY2024 earnings estimates for shares of BOK Financial in a note issued to 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 estimate of $8.00. DA Davidson has a “Buy” rating and a $123.00 price objective 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.

BOK Financial (NASDAQ:BOKFGet Free Report) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. The business had revenue of $888.50 million for the quarter, compared to analyst estimates of $509.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same quarter last year, the business earned $2.04 earnings per share.

A number of other research analysts have also issued reports on BOKF. Truist Financial raised BOK Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $112.00 to $123.00 in a report on Friday, September 20th. StockNews.com raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Royal Bank of Canada increased their target price on shares of BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research note on Wednesday. Wedbush restated a “neutral” rating and issued a $115.00 price target on shares of BOK Financial in a research report on Tuesday. Finally, Hovde Group increased their price objective on BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $111.90.

View Our Latest Stock Analysis on BOKF

BOK Financial Stock Up 0.1 %

Shares of BOKF stock opened at $108.01 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a market cap of $6.97 billion, a PE ratio of 15.74 and a beta of 1.17. The business’s fifty day moving average is $104.68 and its 200-day moving average is $97.13. BOK Financial has a 1 year low of $62.42 and a 1 year high of $114.93.

Institutional Trading of BOK Financial

Several large investors have recently added to or reduced their stakes in BOKF. Allspring Global Investments Holdings LLC grew its holdings in shares of BOK Financial by 4,370,260.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after buying an additional 218,513 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in BOK Financial by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock valued at $199,405,000 after acquiring an additional 125,950 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of BOK Financial in the 2nd quarter valued at about $3,429,000. State Board of Administration of Florida Retirement System lifted its position in shares of BOK Financial by 71.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after purchasing an additional 15,626 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of BOK Financial by 304.9% during the second quarter. Sei Investments Co. now owns 20,602 shares of the bank’s stock worth $1,888,000 after purchasing an additional 15,514 shares during the period. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Dividend Announcement

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

BOK Financial Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for BOK Financial (NASDAQ:BOKF)

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