BOK Financial Co. to Post FY2024 Earnings of $7.82 Per Share, DA Davidson Forecasts (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF) – DA Davidson lifted their FY2024 earnings per share (EPS) estimates for BOK Financial in a research report issued on Thursday, April 25th. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $7.82 for the year, up from their prior forecast of $7.31. DA Davidson currently has a “Neutral” rating and a $97.00 target price on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $7.49 per share.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.19. The business had revenue of $806.91 million during the quarter, compared to the consensus estimate of $473.70 million. BOK Financial had a return on equity of 10.62% and a net margin of 13.93%. During the same period in the previous year, the company posted $2.43 EPS.

A number of other equities analysts have also recently commented on BOKF. StockNews.com cut BOK Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Royal Bank of Canada boosted their price target on BOK Financial from $94.00 to $98.00 and gave the stock a “sector perform” rating in a report on Thursday. Stephens boosted their price target on BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. Citigroup boosted their price target on BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, Raymond James reaffirmed 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $97.10.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $90.83 on Monday. The stock has a market capitalization of $5.87 billion, a PE ratio of 13.24 and a beta of 1.21. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.85 and a quick ratio of 0.85. The business has a fifty day moving average price of $87.55 and a two-hundred day moving average price of $81.55. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $93.51.

Institutional Investors Weigh In On BOK Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in BOK Financial in the third quarter worth approximately $347,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in BOK Financial by 18.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,788 shares of the bank’s stock worth $383,000 after acquiring an additional 759 shares in the last quarter. Cambiar Investors LLC boosted its holdings in BOK Financial by 1.7% in the third quarter. Cambiar Investors LLC now owns 126,348 shares of the bank’s stock worth $10,105,000 after acquiring an additional 2,166 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in BOK Financial by 24.6% in the third quarter. Teacher Retirement System of Texas now owns 28,576 shares of the bank’s stock worth $2,286,000 after acquiring an additional 5,640 shares in the last quarter. Finally, Versor Investments LP raised its stake in shares of BOK Financial by 121.7% in the third quarter. Versor Investments LP now owns 8,562 shares of the bank’s stock worth $685,000 after purchasing an additional 4,700 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $81.59, for a total transaction of $244,770.00. Following the sale, the director now owns 50,985 shares in the company, valued at approximately $4,159,866.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 56.94% of the stock is owned by corporate insiders.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a $0.55 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.42%. BOK Financial’s dividend payout ratio (DPR) is presently 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.