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

BOK Financial Co. (NASDAQ:BOKF) – DA Davidson issued their Q2 2024 earnings per share estimates for shares of BOK Financial in a report released on Thursday, April 25th. DA Davidson analyst P. Winter forecasts that the bank will earn $1.88 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $97.00 target price 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.

Several other equities analysts have also recently weighed in on BOKF. Stephens boosted 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. Wells Fargo & Company increased their price objective on BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods boosted their target price on shares of BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a research report on Thursday. Royal Bank of Canada increased their price target on shares of BOK Financial from $94.00 to $98.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, StockNews.com downgraded shares of BOK Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $97.10.

BOK Financial Stock Performance

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

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, April 24th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate of $1.72 by $0.19. The company had revenue of $806.91 million for the quarter, compared to the consensus estimate 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 last year, the company posted $2.43 earnings per share.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.42%. BOK Financial’s payout ratio is presently 32.07%.

Insider Buying and Selling

In other news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction 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 sale, the director now owns 50,985 shares in the company, valued at approximately $4,159,866.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 56.94% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BOKF. SG Americas Securities LLC acquired a new stake in shares of BOK Financial in the third quarter valued at $347,000. GHP Investment Advisors Inc. bought a new position in shares of BOK Financial in the third quarter worth about $65,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of BOK Financial by 18.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,788 shares of the bank’s stock worth $383,000 after purchasing an additional 759 shares in the last quarter. Cambiar Investors LLC grew its stake in shares of 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 purchasing an additional 2,166 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of BOK Financial by 24.6% in the third quarter. Teacher Retirement System of Texas now owns 28,576 shares of the bank’s stock valued at $2,286,000 after purchasing an additional 5,640 shares in the last quarter. Institutional investors own 34.44% of the company’s stock.

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.