FY2024 EPS Estimates for BOK Financial Lifted by DA Davidson

BOK Financial Co. (NASDAQ:BOKF) – Stock analysts at DA Davidson increased their FY2024 earnings per share estimates for shares of BOK Financial in a report released on Wednesday, October 23rd. DA Davidson analyst P. Winter now anticipates that the bank will earn $8.05 per share for the year, up from their previous forecast of $8.00. 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 $7.85 per share. DA Davidson also issued estimates for BOK Financial’s Q4 2024 earnings at $2.06 EPS.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods raised their target price on BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Stephens decreased their target price on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a research report on Wednesday. StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Wedbush restated a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a research note on Tuesday. Finally, Hovde Group raised their target price on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, BOK Financial presently has an average rating of “Hold” and an average target price of $111.90.

BOK Financial Stock Up 0.1 %

BOK Financial stock opened at $108.01 on Thursday. 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 1-year low of $62.42 and a 1-year high of $114.93. The firm’s fifty day simple moving average is $104.68 and its 200-day simple moving average is $97.13. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BOKF. Principal Financial Group Inc. bought a new stake in shares of BOK Financial in the first quarter valued at about $218,000. Capstone Investment Advisors LLC acquired a new position in BOK Financial in the 1st quarter valued at approximately $490,000. FORA Capital LLC bought a new stake in shares of BOK Financial in the 1st quarter worth approximately $289,000. Avalon Advisory Group acquired a new stake in shares of BOK Financial during the 1st quarter worth approximately $1,199,000. Finally, Sei Investments Co. bought a new stake in shares of BOK Financial during the first quarter valued at approximately $468,000. Institutional investors own 34.44% of the company’s stock.

BOK Financial Dividend Announcement

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