Analysts Offer Predictions for BOK Financial Co.’s Q3 2024 Earnings (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF) – DA Davidson issued their Q3 2024 earnings per share (EPS) estimates for BOK Financial in a report issued on Wednesday, July 24th. DA Davidson analyst P. Winter forecasts that the bank will post earnings of $1.94 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $111.00 target price on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $7.72 per share.

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

A number of other equities analysts have also commented on the company. Truist Financial lifted their price objective on BOK Financial from $94.00 to $112.00 and gave the stock a “hold” rating in a research note on Wednesday. Royal Bank of Canada boosted their price target on BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a research note on Wednesday. Raymond James restated an “outperform” rating and set a $105.00 price target (up from $103.00) on shares of BOK Financial in a research note on Thursday, April 25th. Stephens restated an “equal weight” rating and set a $104.00 price target on shares of BOK Financial in a research note on Tuesday. 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 research note on Wednesday, April 10th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $108.00.

BOK Financial Trading Up 0.0 %

BOK Financial stock opened at $105.72 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 0.82. The business’s 50-day simple moving average is $92.97 and its 200-day simple moving average is $89.08. The firm has a market capitalization of $6.82 billion, a PE ratio of 15.41 and a beta of 1.19. BOK Financial has a 52 week low of $62.42 and a 52 week high of $107.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in shares of BOK Financial in the 4th quarter worth approximately $27,170,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of BOK Financial by 14.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 113,053 shares of the bank’s stock worth $10,401,000 after acquiring an additional 14,289 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of BOK Financial by 85.9% in the 4th quarter. Rafferty Asset Management LLC now owns 52,983 shares of the bank’s stock worth $4,538,000 after acquiring an additional 24,482 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of BOK Financial by 71.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after acquiring an additional 15,626 shares in the last quarter. Finally, George Kaiser Family Foundation raised its position in BOK Financial by 1.2% in the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock worth $287,930,000 after purchasing an additional 38,898 shares during the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $91.66, for a total value of $274,980.00. Following the transaction, the director now directly owns 47,985 shares of the company’s stock, valued at approximately $4,398,305.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 56.94% of the company’s stock.

BOK Financial Dividend Announcement

The business also recently disclosed 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. This represents a $2.20 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Tuesday, May 14th. BOK Financial’s payout ratio is 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.