Analysts Offer Predictions for BOK Financial FY2024 Earnings

BOK Financial Co. (NASDAQ:BOKF) – Stock analysts at DA Davidson issued their FY2024 earnings estimates for shares of BOK Financial in a research note issued to investors on Thursday, December 19th. DA Davidson analyst P. Winter anticipates that the bank will post earnings of $8.03 per share for the year. DA Davidson has a “Buy” rating and a $123.00 price objective on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $8.08 per share.

A number of other analysts also recently weighed in on BOKF. Wedbush restated a “neutral” rating and issued a $115.00 price target on shares of BOK Financial in a research note on Tuesday, October 22nd. Stephens decreased their target price on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods increased their price target on shares of 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 boosted their price objective on shares of BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company upped their target price 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. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $114.40.

BOK Financial Stock Performance

NASDAQ BOKF opened at $109.83 on Monday. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 15.11 and a beta of 1.18. The business’s 50 day moving average is $113.64 and its two-hundred day moving average is $104.25. BOK Financial has a 12-month low of $77.86 and a 12-month high of $121.58. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping 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 in the previous year, the business posted $2.04 earnings per share.

BOK Financial Increases Dividend

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

Insiders Place Their Bets

In related news, Director Steven Bangert sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the sale, the director now directly owns 44,709 shares in the company, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 56.94% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BOK Financial

Several institutional investors have recently bought and sold shares of BOKF. Edgestream Partners L.P. acquired a new position in BOK Financial in the 2nd quarter worth $3,429,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in BOK Financial by 11.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock worth $11,567,000 after purchasing an additional 13,175 shares during the last quarter. Creative Planning raised its position in shares of BOK Financial by 130.1% in the 3rd quarter. Creative Planning now owns 11,946 shares of the bank’s stock valued at $1,250,000 after purchasing an additional 6,755 shares in the last quarter. Sanctuary Advisors LLC bought a new position in BOK Financial during the 2nd quarter valued at $540,000. Finally, Jane Street Group LLC grew its stake in BOK Financial by 309.8% in the third quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock worth $4,662,000 after purchasing an additional 33,686 shares in the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

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.