DA Davidson Comments on BOK Financial FY2024 Earnings

BOK Financial Co. (NASDAQ:BOKF) – Equities researchers at DA Davidson issued their FY2024 EPS estimates for BOK Financial in a report released on Thursday, December 19th. DA Davidson analyst P. Winter anticipates that the bank will post earnings of $8.03 per share for the year. DA Davidson currently has a “Buy” rating and a $123.00 target price on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $8.08 per share.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company raised their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their price target on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Royal Bank of Canada upped their price objective on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Stephens decreased their price objective on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Truist Financial upgraded BOK Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $112.00 to $123.00 in a research report on Friday, September 20th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, BOK Financial presently has an average rating of “Hold” and a consensus price target of $114.40.

BOK Financial Stock Performance

BOK Financial stock opened at $108.89 on Monday. The stock has a 50-day simple moving average of $113.67 and a 200 day simple moving average of $103.97. The stock has a market capitalization of $6.98 billion, a price-to-earnings ratio of 14.98 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. BOK Financial has a 12-month low of $77.86 and a 12-month high of $121.58.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.20. The firm had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same quarter in the previous year, the company posted $2.04 EPS.

Hedge Funds Weigh In On BOK Financial

Several institutional investors and hedge funds have recently made changes to their positions in BOKF. Point72 Asia Singapore Pte. Ltd. acquired a new stake in BOK Financial during the 2nd quarter worth $39,000. KBC Group NV increased its holdings in shares of BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after acquiring an additional 183 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of BOK Financial during the third quarter worth about $142,000. CWM LLC lifted its holdings in shares of BOK Financial by 211.8% during the 3rd quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after purchasing an additional 989 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of BOK Financial in the 2nd quarter valued at approximately $143,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the sale, the director now owns 44,709 shares of the company’s stock, valued at approximately $5,268,061.47. This represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 56.94% of the company’s stock.

BOK Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Friday, November 15th. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio is currently 31.36%.

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.