BOK Financial Co. to Post Q3 2024 Earnings of $1.96 Per Share, Wedbush Forecasts (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF) – Research analysts at Wedbush boosted their Q3 2024 EPS estimates for BOK Financial in a note issued to investors on Monday, June 24th. Wedbush analyst D. Chiaverini now forecasts that the bank will post earnings per share of $1.96 for the quarter, up from their previous forecast of $1.87. The consensus estimate for BOK Financial’s current full-year earnings is $7.73 per share. Wedbush also issued estimates for BOK Financial’s Q4 2024 earnings at $2.03 EPS, Q1 2025 earnings at $2.01 EPS, Q2 2025 earnings at $2.09 EPS, Q3 2025 earnings at $2.15 EPS, Q4 2025 earnings at $2.20 EPS and FY2025 earnings at $8.45 EPS.

BOKF has been the topic of a number of other reports. Hovde Group upgraded BOK Financial from a “market perform” rating to an “outperform” rating in a research report on Monday, June 10th. Truist Financial dropped their price target on shares of BOK Financial from $99.00 to $97.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Raymond James restated an “outperform” rating and set a $105.00 price objective (up from $103.00) on shares of BOK Financial in a research report on Thursday, April 25th. Royal Bank of Canada lifted their target price on shares of BOK Financial from $94.00 to $98.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. Finally, StockNews.com downgraded shares of BOK Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, BOK Financial has a consensus rating of “Hold” and an average target price of $97.10.

BOK Financial Trading Up 0.1 %

BOK Financial stock opened at $88.77 on Tuesday. The firm has a market cap of $5.73 billion, a PE ratio of 12.94 and a beta of 1.17. BOK Financial has a 12 month low of $62.42 and a 12 month high of $96.40. The stock’s 50 day simple moving average is $90.80 and its two-hundred day simple moving average is $87.22. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Tuesday, April 30th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.19. The business had revenue of $806.91 million during the quarter, compared to analysts’ expectations of $473.70 million. BOK Financial had a return on equity of 10.52% and a net margin of 13.93%. During the same quarter in the previous year, the firm posted $2.43 EPS.

Hedge Funds Weigh In On BOK Financial

A number of institutional investors have recently bought and sold shares of the company. George Kaiser Family Foundation increased its holdings in shares of BOK Financial by 1.2% during the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock worth $287,930,000 after buying an additional 38,898 shares during the last quarter. Dimensional Fund Advisors LP increased its stake 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 last quarter. BOKF NA raised its position 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 purchasing an additional 6,632 shares during the period. Schonfeld Strategic Advisors LLC lifted its stake in shares of BOK Financial by 4.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock valued at $26,012,000 after purchasing an additional 14,639 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of BOK Financial during the 4th quarter worth $27,170,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $91.66, for a total transaction of $274,980.00. Following the transaction, the director now owns 47,985 shares of the company’s stock, valued at $4,398,305.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 56.94% of the company’s stock.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Tuesday, May 14th. BOK Financial’s dividend 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.