Wedbush Issues Negative Forecast for BOK Financial Earnings

BOK Financial Co. (NASDAQ:BOKF) – Stock analysts at Wedbush cut their Q4 2024 earnings per share estimates for BOK Financial in a research report issued to clients and investors on Tuesday, October 22nd. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $1.86 for the quarter, down from their previous estimate of $1.99. Wedbush currently has a “Neutral” rating and a $115.00 price target on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $7.85 per share. Wedbush also issued estimates for BOK Financial’s Q1 2025 earnings at $1.98 EPS, Q2 2025 earnings at $2.10 EPS, Q4 2025 earnings at $2.27 EPS, FY2025 earnings at $8.50 EPS, Q1 2026 earnings at $2.12 EPS, Q2 2026 earnings at $2.20 EPS, Q3 2026 earnings at $2.27 EPS and FY2026 earnings at $8.90 EPS.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. The firm had revenue of $888.50 million during the quarter, compared to analyst estimates of $509.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same quarter in the prior year, the business earned $2.04 earnings per share.

Several other brokerages have also recently weighed in on BOKF. Stephens restated an “equal weight” rating and issued a $104.00 price target on shares of BOK Financial in a research report on Tuesday, July 23rd. DA Davidson upgraded shares of BOK Financial from a “neutral” rating to a “buy” rating and upped their target price for the company from $113.00 to $124.00 in a research report on Tuesday, October 15th. Truist Financial upgraded BOK Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from $112.00 to $123.00 in a research report on Friday, September 20th. Wells Fargo & Company boosted their price objective on BOK Financial from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 1st. Finally, Hovde Group raised their price objective on BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $111.10.

BOK Financial Price Performance

NASDAQ:BOKF opened at $107.96 on Wednesday. The company has a market capitalization of $6.97 billion, a P/E ratio of 15.74 and a beta of 1.17. BOK Financial has a 12 month low of $62.42 and a 12 month high of $114.93. The business’s 50-day moving average is $104.27 and its 200 day moving average is $96.98. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27.

Institutional Trading of BOK Financial

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of BOK Financial by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock worth $199,405,000 after purchasing an additional 125,950 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of BOK Financial by 4,370,260.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock worth $20,025,000 after acquiring an additional 218,513 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of BOK Financial by 11.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock valued at $11,567,000 after acquiring an additional 13,175 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of BOK Financial by 23.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 39,174 shares of the bank’s stock valued at $3,604,000 after purchasing an additional 7,412 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its stake in BOK Financial by 71.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after purchasing an additional 15,626 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors.

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.04%. The ex-dividend date was Thursday, August 15th. 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.