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

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

Other research analysts have also issued reports about the stock. Citigroup upped their price objective on shares of BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Keefe, Bruyette & Woods upped their price objective on shares of BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a report on Thursday. Hovde Group upped their price objective on shares of BOK Financial from $96.00 to $97.00 and gave the stock a “market perform” rating in a report on Thursday. StockNews.com lowered shares of BOK Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Finally, Wells Fargo & Company upped their target price on shares of BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $97.10.

BOK Financial Trading Up 1.0 %

NASDAQ:BOKF opened at $90.83 on Friday. The company has a fifty day moving average of $87.55 and a 200 day moving average of $81.51. BOK Financial has a 52 week low of $62.42 and a 52 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. 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 (NASDAQ:BOKF) last posted its quarterly earnings results on Wednesday, April 24th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.19. BOK Financial had a net margin of 13.93% and a return on equity of 10.62%. The company had revenue of $806.91 million during the quarter, compared to analyst estimates of $473.70 million. During the same period in the prior year, the business posted $2.43 EPS.

Hedge Funds Weigh In On BOK Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Treasurer of the State of North Carolina lifted its stake in shares of BOK Financial by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 12,564 shares of the bank’s stock worth $1,076,000 after purchasing an additional 120 shares during the period. 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 worth $30,000 after purchasing an additional 192 shares during the period. New York State Common Retirement Fund lifted its stake in shares of BOK Financial by 0.8% in the 4th quarter. New York State Common Retirement Fund now owns 25,063 shares of the bank’s stock worth $2,147,000 after purchasing an additional 195 shares during the period. Covestor Ltd lifted its stake in shares of BOK Financial by 214.0% in the 3rd quarter. Covestor Ltd now owns 314 shares of the bank’s stock worth $25,000 after purchasing an additional 214 shares during the period. Finally, Swiss National Bank lifted its stake in shares of BOK Financial by 0.6% in the 3rd quarter. Swiss National Bank now owns 65,874 shares of the bank’s stock worth $5,269,000 after purchasing an additional 400 shares during the period. Institutional investors own 34.44% of the company’s stock.

Insider Activity at BOK Financial

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

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Tuesday, February 13th. BOK Financial’s dividend payout ratio (DPR) is 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.