BOK Financial Co. (NASDAQ:BOKF – Free Report) – 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 – Get Free Report) 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.
Check Out Our Latest Stock Report on BOK Financial
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.
Further Reading
- Five stocks we like better than BOK Financial
- Airline Stocks – Top Airline Stocks to Buy Now
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- Best Aerospace Stocks Investing
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- Insider Trading – What You Need to Know
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for BOK Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOK Financial and related companies with MarketBeat.com's FREE daily email newsletter.