BOK Financial Co. to Post Q3 2024 Earnings of $1.92 Per Share, Wedbush Forecasts (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF) – Equities research analysts at Wedbush decreased their Q3 2024 earnings per share (EPS) estimates for shares of BOK Financial in a note issued to investors on Tuesday, July 23rd. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $1.92 for the quarter, down from their previous forecast of $1.96. Wedbush has a “Neutral” rating and a $115.00 price target on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $7.72 per share. Wedbush also issued estimates for BOK Financial’s Q2 2025 earnings at $2.07 EPS.

A number of other brokerages also recently weighed in on BOKF. Raymond James reissued an “outperform” rating and set a $105.00 target price (up previously from $103.00) on shares of BOK Financial in a research note on Thursday, April 25th. Wells Fargo & Company boosted their price objective on BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 10th. Royal Bank of Canada upped their target price on BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a research report on Wednesday. Hovde Group lifted their target price on BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price target on BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $108.00.

BOK Financial Stock Up 0.5 %

BOK Financial stock opened at $105.71 on Friday. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 15.41 and a beta of 1.19. BOK Financial has a 52-week low of $62.42 and a 52-week high of $107.97. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a 50 day moving average price of $92.77 and a two-hundred day moving average price of $88.94.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.65. BOK Financial had a return on equity of 10.04% and a net margin of 13.92%. The company had revenue of $871.84 million during the quarter, compared to the consensus estimate of $520.43 million. During the same period last year, the company earned $2.27 earnings per share.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.20 annualized dividend and a yield of 2.08%. BOK Financial’s payout ratio is 32.07%.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $91.66, for a total value of $274,980.00. Following the completion of the sale, the director now directly owns 47,985 shares of the company’s stock, valued at $4,398,305.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 56.94% of the company’s stock.

Institutional Trading of BOK Financial

Several institutional investors have recently made changes to their positions in BOKF. George Kaiser Family Foundation grew its position in BOK Financial by 1.2% in the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock worth $287,930,000 after purchasing an additional 38,898 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in BOK Financial by 13.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock worth $163,252,000 after acquiring an additional 221,785 shares during the period. BOKF NA boosted its position in BOK Financial by 0.9% in the fourth quarter. BOKF NA now owns 711,535 shares of the bank’s stock worth $60,943,000 after purchasing an additional 6,632 shares during the last quarter. Norges Bank purchased a new stake in shares of BOK Financial during the 4th quarter valued at $27,170,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of BOK Financial by 5.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 263,488 shares of the bank’s stock valued at $22,568,000 after purchasing an additional 12,892 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

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.