Wedbush Estimates BOK Financial’s Q4 Earnings (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF) – Wedbush dropped their Q4 2024 earnings per share estimates for BOK Financial in a note issued to investors on Tuesday, October 22nd. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $1.86 for the quarter, down from their prior estimate of $1.99. Wedbush has a “Neutral” rating and a $115.00 price objective on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $7.85 per share. Wedbush also issued estimates for BOK Financial’s Q1 2025 earnings at $1.98 EPS, Q2 2025 earnings at $2.10 EPS, Q4 2025 earnings at $2.27 EPS, FY2025 earnings at $8.50 EPS, Q1 2026 earnings at $2.12 EPS, Q2 2026 earnings at $2.20 EPS, Q3 2026 earnings at $2.27 EPS and FY2026 earnings at $8.90 EPS.

BOK Financial (NASDAQ:BOKF) last released 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 during the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $2.04 EPS.

Other analysts also recently issued reports about the stock. StockNews.com upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods raised their price objective on shares of BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Stephens reduced their target price on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a research note on Wednesday. Truist Financial upgraded BOK Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Finally, Wells Fargo & Company boosted their price target on BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, BOK Financial currently has a consensus rating of “Hold” and an average target price of $111.90.

BOK Financial Trading Up 0.1 %

NASDAQ BOKF opened at $108.01 on Wednesday. BOK Financial has a one year low of $62.42 and a one year high of $114.93. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.81. The firm has a market cap of $6.97 billion, a P/E ratio of 15.74 and a beta of 1.17. The stock’s 50-day moving average is $104.68 and its 200-day moving average is $97.13.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BOK Financial during the 2nd quarter worth approximately $39,000. Covestor Ltd raised its position in BOK Financial by 361.8% during the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after acquiring an additional 369 shares in the last quarter. Olistico Wealth LLC bought a new stake in BOK Financial during the second quarter worth $46,000. Bessemer Group Inc. acquired a new stake in BOK Financial in the first quarter valued at $86,000. Finally, Point72 DIFC Ltd bought a new position in shares of BOK Financial in the 2nd quarter valued at about $143,000. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.20 annualized dividend and a yield of 2.04%. BOK Financial’s 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.