DA Davidson Estimates BOK Financial FY2024 Earnings

BOK Financial Co. (NASDAQ:BOKF) – Research analysts at DA Davidson issued their FY2024 earnings per share estimates for BOK Financial in a research note issued on Thursday, December 19th. DA Davidson analyst P. Winter anticipates that the bank will post earnings per share of $8.03 for the year. DA Davidson has a “Buy” rating and a $123.00 price objective on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $8.08 per share.

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

BOKF has been the subject of several other research reports. Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Wells Fargo & Company increased their price target on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Wedbush restated a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted their price target on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Stephens dropped their target price on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $114.40.

BOK Financial Stock Up 0.9 %

Shares of BOKF opened at $109.83 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. The stock has a fifty day simple moving average of $113.64 and a two-hundred day simple moving average of $104.25. BOK Financial has a 52-week low of $77.86 and a 52-week high of $121.58. The company has a market capitalization of $7.04 billion, a PE ratio of 15.11 and a beta of 1.18.

BOK Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.57 per share. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Friday, November 15th. BOK Financial’s dividend payout ratio is currently 31.36%.

Insider Activity

In other news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total transaction of $235,660.00. Following the sale, the director now owns 44,709 shares in the company, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 56.94% of the company’s stock.

Institutional Trading of BOK Financial

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake 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 buying an additional 125,950 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in BOK Financial by 28.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock valued at $23,408,000 after purchasing an additional 48,942 shares during 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 worth $20,025,000 after purchasing an additional 218,513 shares during the period. Point72 Asset Management L.P. grew its position in BOK Financial by 55.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock worth $14,315,000 after purchasing an additional 48,874 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in BOK Financial by 7.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock valued at $14,238,000 after purchasing an additional 9,863 shares during the period. 34.44% of the stock is 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.