FY2024 Earnings Estimate for BOK Financial Issued By Wedbush

BOK Financial Co. (NASDAQ:BOKF) – Wedbush boosted their FY2024 earnings per share estimates for BOK Financial in a research report issued on Tuesday, October 22nd. Wedbush analyst D. Chiaverini now forecasts that the bank will post earnings per share of $8.00 for the year, up from their prior estimate of $7.85. Wedbush has a “Neutral” rating and a $115.00 price objective on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $7.85 per share.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.20. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. The company had revenue of $888.50 million during the quarter, compared to analyst estimates of $509.43 million. During the same period in the prior year, the company posted $2.04 earnings per share.

A number of other equities analysts have also commented on the stock. Royal Bank of Canada raised their price objective on shares of BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research report on Wednesday. Keefe, Bruyette & Woods increased their price objective on BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Wells Fargo & Company increased their target price on shares of BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Stephens lowered their price objective on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $111.90.

BOK Financial Price Performance

NASDAQ BOKF opened at $108.01 on Thursday. The company has a market cap of $6.97 billion, a PE ratio of 15.74 and a beta of 1.17. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. The firm’s 50-day simple moving average is $104.68 and its two-hundred day simple moving average is $97.13. BOK Financial has a 52 week low of $62.42 and a 52 week high of $114.93.

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 paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Thursday, August 15th. BOK Financial’s payout ratio is 32.07%.

Institutional Trading of BOK Financial

Several hedge funds have recently made changes to their positions in the business. American Century Companies Inc. boosted its holdings in shares of BOK Financial by 1.4% in the second quarter. American Century Companies Inc. now owns 16,056 shares of the bank’s stock valued at $1,471,000 after purchasing an additional 225 shares during the period. Covestor Ltd lifted its stake in shares of BOK Financial by 361.8% during the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after buying an additional 369 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in BOK Financial during the 2nd quarter valued at about $39,000. Vanguard Personalized Indexing Management LLC increased its holdings in BOK Financial by 18.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,816 shares of the bank’s stock worth $258,000 after buying an additional 431 shares during the period. Finally, Olistico Wealth LLC purchased a new position in BOK Financial during the 2nd quarter worth approximately $46,000. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

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.