BOK Financial Co. (NASDAQ:BOKF) to Post FY2024 Earnings of $7.82 Per Share, DA Davidson Forecasts

BOK Financial Co. (NASDAQ:BOKF) – DA Davidson boosted their FY2024 earnings per share estimates for BOK Financial in a research report issued on Thursday, April 25th. DA Davidson analyst P. Winter now forecasts that the bank will post earnings per share of $7.82 for the year, up from their prior estimate of $7.31. DA Davidson has a “Neutral” rating and a $97.00 price objective on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $7.49 per share.

BOKF has been the topic of several other research reports. 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 report on Wednesday, April 10th. StockNews.com cut BOK Financial from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Hovde Group lifted their target price on BOK Financial from $96.00 to $97.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. Raymond James reissued an “outperform” rating and issued a $105.00 price target (up from $103.00) on shares of BOK Financial in a report on Thursday, April 25th. Finally, Royal Bank of Canada lifted their price objective on shares of BOK Financial from $94.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, BOK Financial has a consensus rating of “Hold” and a consensus target price of $97.10.

BOK Financial Trading Down 1.0 %

NASDAQ BOKF opened at $89.95 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52. The business has a fifty day simple moving average of $87.67 and a 200 day simple moving average of $81.65. BOK Financial has a 12 month low of $62.42 and a 12 month high of $93.51. The firm has a market capitalization of $5.81 billion, a P/E ratio of 13.11 and a beta of 1.21.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Tuesday, April 30th. The bank reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.19. BOK Financial had a return on equity of 10.62% and a net margin of 13.93%. The firm had revenue of $806.91 million during the quarter, compared to analyst estimates of $473.70 million. During the same period in the previous year, the company posted $2.43 EPS.

Hedge Funds Weigh In On BOK Financial

Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in BOK Financial in the 3rd quarter valued at $347,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BOK Financial by 18.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,788 shares of the bank’s stock worth $383,000 after buying an additional 759 shares in the last quarter. Cambiar Investors LLC boosted its stake in BOK Financial by 1.7% during the third quarter. Cambiar Investors LLC now owns 126,348 shares of the bank’s stock valued at $10,105,000 after buying an additional 2,166 shares during the period. Teacher Retirement System of Texas boosted its stake in BOK Financial by 24.6% during the third quarter. Teacher Retirement System of Texas now owns 28,576 shares of the bank’s stock valued at $2,286,000 after buying an additional 5,640 shares during the period. Finally, Versor Investments LP grew its position in BOK Financial by 121.7% during the third quarter. Versor Investments LP now owns 8,562 shares of the bank’s stock worth $685,000 after buying an additional 4,700 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $81.59, for a total value of $244,770.00. Following the completion of the transaction, the director now directly owns 50,985 shares in the company, valued at approximately $4,159,866.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 59.72% of the stock is currently owned by corporate insiders.

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.