Wedbush Reaffirms Neutral Rating for BOK Financial (NASDAQ:BOKF)

Wedbush reissued their neutral rating on shares of BOK Financial (NASDAQ:BOKF) in a report issued on Tuesday, Benzinga reports. They currently have a $115.00 price objective on the bank’s stock. Wedbush also issued estimates for BOK Financial’s Q4 2024 earnings at $1.86 EPS, FY2024 earnings at $8.00 EPS, Q1 2025 earnings at $1.98 EPS, Q2 2025 earnings at $2.10 EPS, Q4 2025 earnings at $2.27 EPS, FY2025 earnings at $8.50 EPS, Q1 2026 earnings at $2.12 EPS, Q2 2026 earnings at $2.20 EPS, Q3 2026 earnings at $2.27 EPS and FY2026 earnings at $8.90 EPS.

A number of other equities research analysts also recently weighed in on the company. StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. DA Davidson raised shares of BOK Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $113.00 to $124.00 in a research note on Tuesday, October 15th. Wells Fargo & Company boosted their price target on shares of BOK Financial from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 1st. Hovde Group raised their price objective on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods upped their target price on shares of BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, BOK Financial has an average rating of “Hold” and a consensus price target of $111.90.

BOK Financial Trading Down 2.2 %

BOKF opened at $105.66 on Tuesday. BOK Financial has a 1-year low of $62.42 and a 1-year high of $114.93. The stock has a market capitalization of $6.82 billion, a PE ratio of 15.40 and a beta of 1.17. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average price of $104.80 and a two-hundred day moving average price of $97.23.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The business had revenue of $888.50 million during the quarter, compared to analyst estimates of $509.43 million. During the same quarter last year, the business posted $2.04 earnings per share. As a group, equities analysts anticipate that BOK Financial will post 7.85 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.20 annualized dividend and a yield of 2.08%. BOK Financial’s dividend payout ratio is presently 32.07%.

Hedge Funds Weigh In On BOK Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted 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 buying an additional 218,513 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in BOK Financial by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock valued at $199,405,000 after acquiring an additional 125,950 shares in the last quarter. Edgestream Partners L.P. acquired a new position in BOK Financial in the 2nd quarter worth $3,429,000. State Board of Administration of Florida Retirement System increased its holdings in BOK Financial by 71.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after purchasing an additional 15,626 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of BOK Financial by 304.9% in the 2nd quarter. Sei Investments Co. now owns 20,602 shares of the bank’s stock valued at $1,888,000 after purchasing an additional 15,514 shares during the period. 34.44% of the stock is currently 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.