BOK Financial Co. (NASDAQ:BOKF) to Post Q2 2024 Earnings of $1.88 Per Share, DA Davidson Forecasts

BOK Financial Co. (NASDAQ:BOKF) – Equities researchers at DA Davidson issued their Q2 2024 EPS estimates for shares of BOK Financial in a note issued to investors on Thursday, April 25th. DA Davidson analyst P. Winter forecasts that the bank will post earnings of $1.88 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $97.00 price target on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $7.43 per share. DA Davidson also issued estimates for BOK Financial’s FY2025 earnings at $8.58 EPS.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.19. The business had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. BOK Financial had a return on equity of 10.62% and a net margin of 13.93%. During the same quarter in the previous year, the company posted $2.43 EPS.

A number of other analysts also recently weighed in on BOKF. Royal Bank of Canada increased their target price on shares of BOK Financial from $94.00 to $98.00 and gave the company a “sector perform” rating in a research report on Thursday. Wells Fargo & Company lifted their target price on shares of BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 10th. StockNews.com cut shares of BOK Financial from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Stephens lifted their price objective on BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. Finally, Citigroup boosted their price objective on BOK Financial from $90.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $97.10.

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $90.83 on Friday. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 13.24 and a beta of 1.21. BOK Financial has a twelve month low of $62.42 and a twelve month high of $93.51. The company’s fifty day moving average is $87.55 and its 200 day moving average is $81.53. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.52.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BOKF. Covestor Ltd increased its position in shares of BOK Financial by 214.0% during the third quarter. Covestor Ltd now owns 314 shares of the bank’s stock worth $25,000 after acquiring an additional 214 shares in the last quarter. VisionPoint Advisory Group LLC increased its holdings in BOK Financial by 102.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after purchasing an additional 192 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of BOK Financial in the fourth quarter worth approximately $41,000. GHP Investment Advisors Inc. bought a new position in shares of BOK Financial in the third quarter valued at approximately $65,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of BOK Financial during the third quarter valued at approximately $78,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $81.59, for a total value of $244,770.00. Following the completion of the sale, the director now owns 50,985 shares of the company’s stock, valued at $4,159,866.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 56.94% of the stock is owned by company insiders.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Tuesday, February 13th. 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.