Q2 2024 EPS Estimates for BOK Financial Co. (NASDAQ:BOKF) Increased by Analyst

BOK Financial Co. (NASDAQ:BOKF) – DA Davidson increased their Q2 2024 EPS estimates for BOK Financial in a research note issued on Thursday, June 27th. DA Davidson analyst P. Winter now forecasts that the bank will post earnings per share of $1.93 for the quarter, up from their prior estimate of $1.88. 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 $7.74 per share. DA Davidson also issued estimates for BOK Financial’s FY2024 earnings at $7.87 EPS.

A number of other brokerages have also recently commented on BOKF. Raymond James reiterated an “outperform” rating and issued a $105.00 target price (up previously from $103.00) on shares of BOK Financial in a report on Thursday, April 25th. Truist Financial dropped their price objective on shares of BOK Financial from $99.00 to $97.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Citigroup increased their target price 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. Royal Bank of Canada lifted their price target on shares of 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, Wells Fargo & Company upped their price target on shares of BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, BOK Financial currently has an average rating of “Hold” and a consensus price target of $97.10.

BOK Financial Trading Down 0.9 %

Shares of NASDAQ BOKF opened at $90.79 on Monday. BOK Financial has a 1-year low of $62.42 and a 1-year high of $96.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.82 and a quick ratio of 0.82. The business’s 50 day moving average is $90.99 and its two-hundred day moving average is $87.45. The stock has a market capitalization of $5.86 billion, a P/E ratio of 13.23 and a beta of 1.19.

BOK Financial (NASDAQ:BOKF) last posted 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 net margin of 13.93% and a return on equity of 10.52%. The firm had revenue of $806.91 million for the quarter, compared to the consensus estimate of $473.70 million. During the same period in the previous year, the firm posted $2.43 EPS.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.20 annualized dividend and a yield of 2.42%. BOK Financial’s payout ratio is currently 32.07%.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $91.66, for a total transaction of $274,980.00. Following the transaction, the director now owns 47,985 shares of the company’s stock, valued at approximately $4,398,305.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 59.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BOK Financial

Hedge funds have recently modified their holdings of the business. VisionPoint Advisory Group LLC boosted its position in BOK Financial by 102.1% during the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after purchasing an additional 192 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of BOK Financial in the 4th quarter valued at about $41,000. Covestor Ltd grew its position in shares of BOK Financial by 361.8% in the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after buying an additional 369 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of BOK Financial during the 1st quarter worth approximately $86,000. Finally, Quest Partners LLC purchased a new stake in BOK Financial during the fourth quarter valued at approximately $134,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.