Analysts Issue Forecasts for BOK Financial Co.’s Q2 2024 Earnings (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF) – Research analysts at DA Davidson issued their Q2 2024 earnings per share estimates for BOK Financial in a report issued on Thursday, April 25th. DA Davidson analyst P. Winter anticipates that the bank will post earnings per share of $1.88 for the quarter. DA Davidson 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 posted its quarterly earnings results on Wednesday, April 24th. 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 business had revenue of $806.91 million during the quarter, compared to analysts’ expectations of $473.70 million. During the same quarter last year, the company posted $2.43 earnings per share.

Several other brokerages also recently commented on BOKF. Raymond James restated an “outperform” rating and set a $105.00 price objective (up from $103.00) on shares of BOK Financial in a research report on Thursday. Citigroup upped their price target on shares of BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Truist Financial upped their price target on shares of BOK Financial from $90.00 to $99.00 and gave the stock a “hold” rating in a report on Monday, April 1st. Royal Bank of Canada upped their price target on shares of BOK Financial from $94.00 to $98.00 and gave the stock 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 investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $97.30.

BOK Financial Trading Down 3.3 %

BOK Financial stock opened at $89.96 on Friday. BOK Financial has a 52 week low of $62.42 and a 52 week high of $93.51. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $5.81 billion, a P/E ratio of 13.11 and a beta of 1.21. The stock has a 50-day simple moving average of $87.41 and a 200 day simple moving average of $81.42.

Hedge Funds Weigh In On BOK Financial

Several institutional investors have recently bought and sold shares of the business. Treasurer of the State of North Carolina lifted its position in BOK Financial by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 12,564 shares of the bank’s stock valued at $1,076,000 after purchasing an additional 120 shares during the last quarter. VisionPoint Advisory Group LLC raised its stake in shares of BOK Financial by 102.1% in the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after acquiring an additional 192 shares during the period. New York State Common Retirement Fund raised its stake in shares of BOK Financial by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 25,063 shares of the bank’s stock valued at $2,147,000 after acquiring an additional 195 shares during the period. Covestor Ltd raised its stake in shares of BOK Financial by 214.0% in the third quarter. Covestor Ltd now owns 314 shares of the bank’s stock valued at $25,000 after acquiring an additional 214 shares during the period. Finally, Swiss National Bank raised its stake in shares of BOK Financial by 0.6% in the third quarter. Swiss National Bank now owns 65,874 shares of the bank’s stock valued at $5,269,000 after acquiring an additional 400 shares during the period. Institutional investors own 34.44% of the company’s stock.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of the 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 completion of the sale, the director now directly owns 50,985 shares of the company’s stock, valued at $4,159,866.15. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 56.94% of the company’s stock.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, February 13th. This represents a $2.20 dividend on an annualized basis and a yield of 2.45%. BOK Financial’s dividend payout ratio is currently 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.