DA Davidson Reduces Earnings Estimates for BOK Financial

BOK Financial Co. (NASDAQ:BOKF) – Research analysts at DA Davidson lowered their Q4 2024 EPS estimates for BOK Financial in a report released on Thursday, December 19th. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $2.04 for the quarter, down from their previous forecast of $2.06. DA Davidson has a “Buy” rating and a $123.00 price target on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $8.08 per share. DA Davidson also issued estimates for BOK Financial’s FY2025 earnings at $8.53 EPS.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share 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 13.78% and a return on equity of 9.67%. During the same period last year, the business earned $2.04 EPS.

A number of other research analysts also recently commented on the company. Keefe, Bruyette & Woods increased their price objective on 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 increased their price target 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, October 23rd. Wells Fargo & Company boosted their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Wedbush reaffirmed a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a research report on Tuesday, October 22nd. Finally, Stephens reduced their price target on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $114.40.

BOK Financial Stock Up 1.4 %

BOK Financial stock opened at $109.69 on Friday. The stock has a market cap of $7.03 billion, a PE ratio of 15.09 and a beta of 1.18. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. The stock’s fifty day moving average is $113.63 and its two-hundred day moving average is $103.62. BOK Financial has a 1-year low of $77.86 and a 1-year high of $121.58.

BOK Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.08%. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, November 15th. BOK Financial’s dividend payout ratio is presently 31.36%.

Insider Transactions at BOK Financial

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC boosted its holdings in BOK Financial by 1.7% in the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock valued at $933,000 after purchasing an additional 147 shares in the last quarter. KBC Group NV raised its stake in shares of BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after buying an additional 183 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of BOK Financial by 1.4% in the 2nd quarter. American Century Companies Inc. now owns 16,056 shares of the bank’s stock valued at $1,471,000 after buying an additional 225 shares during the period. XTX Topco Ltd boosted its stake in shares of BOK Financial by 9.6% in the third quarter. XTX Topco Ltd now owns 3,940 shares of the bank’s stock valued at $412,000 after buying an additional 346 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in BOK Financial during the second quarter worth $39,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.