FY2024 EPS Estimates for BOK Financial Co. (NASDAQ:BOKF) Increased by Analyst

BOK Financial Co. (NASDAQ:BOKF) – Equities researchers at Wedbush upped their FY2024 earnings per share (EPS) estimates for BOK Financial in a research note issued to investors on Tuesday, July 23rd. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings of $7.90 per share for the year, up from their previous forecast of $7.81. 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 $7.70 per share. Wedbush also issued estimates for BOK Financial’s Q4 2024 earnings at $2.06 EPS, Q1 2025 earnings at $2.02 EPS, Q3 2025 earnings at $2.18 EPS, Q4 2025 earnings at $2.23 EPS and FY2025 earnings at $8.50 EPS.

Other research analysts have also recently issued research reports about the company. Truist Financial upped their target price on BOK Financial from $94.00 to $112.00 and gave the company a “hold” rating in a research note on Wednesday. Raymond James reaffirmed an “outperform” rating and set a $105.00 target price (up previously from $103.00) on shares of BOK Financial in a research note on Thursday, April 25th. Royal Bank of Canada upped their target price on BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a research note on Wednesday. Hovde Group boosted their price target on BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Wells Fargo & Company boosted their price target on BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, BOK Financial has an average rating of “Hold” and a consensus target price of $108.00.

BOK Financial Trading Down 0.8 %

BOKF opened at $105.19 on Thursday. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 15.33 and a beta of 1.19. The stock’s 50 day moving average price is $92.56 and its 200-day moving average price is $88.82. BOK Financial has a one year low of $62.42 and a one year high of $107.97. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 0.82.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.65. BOK Financial had a return on equity of 10.04% and a net margin of 13.92%. The company had revenue of $871.84 million for the quarter, compared to analysts’ expectations of $520.43 million. During the same period in the previous year, the firm posted $2.27 earnings per share.

BOK Financial Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.09%. BOK Financial’s dividend payout ratio is currently 32.07%.

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the company’s 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 completion of the sale, the director now owns 47,985 shares in the company, valued at $4,398,305.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 56.94% of the stock is owned by company insiders.

Institutional Trading of BOK Financial

Hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of BOK Financial during the 4th quarter valued at $27,170,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of BOK Financial by 14.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 113,053 shares of the bank’s stock valued at $10,401,000 after purchasing an additional 14,289 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of BOK Financial by 85.9% during the 4th quarter. Rafferty Asset Management LLC now owns 52,983 shares of the bank’s stock valued at $4,538,000 after purchasing an additional 24,482 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of BOK Financial by 71.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock valued at $3,168,000 after purchasing an additional 15,626 shares during the last quarter. Finally, George Kaiser Family Foundation lifted its holdings in shares of BOK Financial by 1.2% during the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock valued at $287,930,000 after purchasing an additional 38,898 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.