Q4 Earnings Estimate for BOK Financial Issued By DA Davidson

BOK Financial Co. (NASDAQ:BOKF) – Analysts at DA Davidson reduced their Q4 2024 EPS estimates for BOK Financial in a research note issued to investors on Thursday, December 19th. DA Davidson analyst P. Winter now anticipates that the bank will post earnings of $2.04 per share for the quarter, down from their prior forecast of $2.06. DA Davidson currently has a “Buy” rating and a $123.00 target price 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.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. The business had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same quarter in the prior year, the firm earned $2.04 earnings per share.

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

BOK Financial Stock Up 1.4 %

NASDAQ BOKF opened at $109.69 on Friday. BOK Financial has a one year low of $77.86 and a one year high of $121.58. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. The business has a fifty day moving average price of $113.63 and a 200 day moving average price of $103.62. The company has a market cap of $7.03 billion, a P/E ratio of 15.09 and a beta of 1.18.

Hedge Funds Weigh In On BOK Financial

Hedge funds have recently bought and sold shares of the company. Tidal Investments LLC increased its stake in BOK Financial by 1.7% during the third quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock worth $933,000 after purchasing an additional 147 shares during the period. KBC Group NV grew its holdings in shares of BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after purchasing an additional 183 shares in the last quarter. American Century Companies Inc. increased its stake in BOK Financial by 1.4% during the 2nd quarter. American Century Companies Inc. now owns 16,056 shares of the bank’s stock worth $1,471,000 after buying an additional 225 shares during the period. XTX Topco Ltd lifted its holdings in BOK Financial by 9.6% during the 3rd quarter. XTX Topco Ltd now owns 3,940 shares of the bank’s stock worth $412,000 after buying an additional 346 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in BOK Financial during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Insiders Place Their Bets

In other news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction on Wednesday, November 6th. The stock was 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 directly owns 44,709 shares of the company’s stock, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 56.94% of the stock is currently owned by insiders.

BOK Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.57 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a yield of 2.08%. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio is presently 31.36%.

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.