Brokers Set Expectations for BOK Financial Co.’s FY2024 Earnings (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF) – Investment analysts at DA Davidson boosted their FY2024 earnings per share estimates for BOK Financial in a research note issued on Thursday, October 3rd. DA Davidson analyst P. Winter now anticipates that the bank will earn $8.00 per share for the year, up from their previous estimate of $7.85. DA Davidson has a “Neutral” rating and a $111.00 price target on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $7.78 per share.

Other analysts also recently issued reports about the company. Truist Financial upgraded BOK Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Hovde Group increased their target price on shares of BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Stephens reaffirmed an “equal weight” rating and set a $104.00 price target on shares of BOK Financial in a research report on Tuesday, July 23rd. StockNews.com raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $109.80.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $102.81 on Monday. The company has a market cap of $6.63 billion, a P/E ratio of 14.99 and a beta of 1.17. The firm’s 50 day moving average is $101.82 and its two-hundred day moving average is $95.59. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $108.01. 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 posted its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The company had revenue of $871.84 million during the quarter, compared to the consensus estimate of $520.43 million. During the same quarter in the prior year, the company posted $2.27 EPS.

Institutional Trading of BOK Financial

Several large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in BOK Financial by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock valued at $199,405,000 after purchasing an additional 125,950 shares during the last quarter. BOKF NA raised its holdings in 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 acquiring an additional 6,632 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in BOK Financial by 4,370,260.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after acquiring an additional 218,513 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in BOK Financial by 11.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock worth $11,567,000 after acquiring an additional 13,175 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of BOK Financial by 23.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 39,174 shares of the bank’s stock worth $3,604,000 after purchasing an additional 7,412 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were given a $0.55 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.20 dividend on an annualized basis and a yield of 2.14%. BOK Financial’s payout ratio is currently 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.