Q3 2024 EPS Estimates for BOK Financial Co. Increased by Analyst (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF) – Analysts at DA Davidson upped their Q3 2024 EPS estimates for shares of BOK Financial in a report released on Thursday, October 3rd. DA Davidson analyst P. Winter now expects that the bank will earn $2.04 per share for the quarter, up from their previous estimate of $1.94. DA Davidson currently has a “Neutral” rating and a $111.00 target price on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $7.78 per share. DA Davidson also issued estimates for BOK Financial’s FY2025 earnings at $8.71 EPS.

Several other equities research analysts have also recently weighed in on the stock. Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $112.00 to $123.00 in a research report on Friday, September 20th. Wells Fargo & Company upped their price target on shares of BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Keefe, Bruyette & Woods increased their price target on shares of BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. StockNews.com raised shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Finally, Stephens reissued an “equal weight” rating and issued a $104.00 price objective on shares of BOK Financial in a research note on Tuesday, July 23rd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $109.80.

BOK Financial Trading Up 1.7 %

BOKF opened at $103.48 on Friday. BOK Financial has a 52 week low of $62.42 and a 52 week high of $108.01. The stock’s fifty day moving average is $101.88 and its two-hundred day moving average is $95.28. The company has a market capitalization of $6.68 billion, a P/E ratio of 15.08 and a beta of 1.17. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, beating the consensus estimate of $1.89 by $0.65. The company had revenue of $871.84 million for the quarter, compared to the consensus estimate of $520.43 million. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. During the same quarter in the prior year, the company posted $2.27 EPS.

Institutional Trading of BOK Financial

Large investors have recently modified their holdings of the stock. Hsbc Holdings PLC lifted its stake in BOK Financial by 259.2% during the fourth quarter. Hsbc Holdings PLC now owns 13,021 shares of the bank’s stock worth $1,113,000 after purchasing an additional 9,396 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of BOK Financial by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 12,564 shares of the bank’s stock worth $1,076,000 after acquiring an additional 120 shares during the period. Rafferty Asset Management LLC raised its stake in shares of BOK Financial by 85.9% during the 4th quarter. Rafferty Asset Management LLC now owns 52,983 shares of the bank’s stock worth $4,538,000 after buying an additional 24,482 shares during the last quarter. BOKF NA grew its position in shares of BOK Financial by 0.9% in the fourth quarter. BOKF NA now owns 711,535 shares of the bank’s stock valued at $60,943,000 after purchasing an additional 6,632 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of BOK Financial in the first quarter valued at $218,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Thursday, August 15th. BOK Financial’s 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.