Q4 Earnings Forecast for BOK Financial Issued By DA Davidson

BOK Financial Co. (NASDAQ:BOKF) – Equities research analysts at DA Davidson reduced their Q4 2024 earnings per share estimates for shares of BOK Financial in a research report issued on Thursday, December 19th. DA Davidson analyst P. Winter now anticipates that the bank will post earnings per share of $2.04 for the quarter, down from their prior estimate of $2.06. 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 $8.08 per share. DA Davidson also issued estimates for BOK Financial’s FY2025 earnings at $8.53 EPS.

A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Stephens decreased their target price on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their target price on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company lifted their price target on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. Finally, Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $112.00 to $123.00 in a research note on Friday, September 20th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $114.40.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $108.18 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average of $113.63 and a 200-day moving average of $103.62. BOK Financial has a twelve month low of $77.86 and a twelve month high of $121.58. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 14.88 and a beta of 1.18.

BOK Financial (NASDAQ:BOKF) last announced its earnings results 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. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The business had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. During the same quarter last year, the business posted $2.04 earnings per share.

BOK Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.11%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, November 15th. BOK Financial’s dividend payout ratio is 31.36%.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the sale, the director now owns 44,709 shares in the company, valued at $5,268,061.47. This represents a 4.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 56.94% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BOK Financial

A number of hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its stake in BOK Financial by 4,370,260.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after purchasing an additional 218,513 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in BOK Financial by 24.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,198 shares of the bank’s stock worth $568,000 after buying an additional 1,228 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in BOK Financial by 11.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock valued at $11,567,000 after acquiring an additional 13,175 shares in the last quarter. Maryland State Retirement & Pension System bought a new position in BOK Financial during the second quarter valued at approximately $210,000. Finally, nVerses Capital LLC acquired a new stake in BOK Financial in the second quarter valued at approximately $147,000. 34.44% of the stock is owned by institutional investors and hedge funds.

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.