BOK Financial Co. (NASDAQ:BOKF - Free Report) - Investment analysts at DA Davidson issued their FY2024 earnings estimates for shares of BOK Financial in a report released on Thursday, December 19th. DA Davidson analyst P. Winter expects that the bank will earn $8.03 per share 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 - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.20. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The firm had revenue of $888.50 million during the quarter, compared to analysts' expectations of $509.43 million. During the same quarter last year, the firm earned $2.04 earnings per share.
Several other analysts also recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of BOK Financial from $112.00 to $125.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Stephens decreased 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 report on Wednesday, October 23rd. Wedbush restated a "neutral" rating and set a $115.00 target price on shares of BOK Financial in a report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 3rd. Finally, Truist Financial raised BOK Financial from a "hold" rating to a "buy" rating and increased their price objective for the company from $112.00 to $123.00 in a report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $114.40.
View Our Latest Stock Analysis on BOKF
BOK Financial Stock Down 0.7 %
Shares of NASDAQ BOKF traded down $0.80 during trading hours on Monday, hitting $108.89. The stock had a trading volume of 101,208 shares, compared to its average volume of 153,959. The firm's 50-day moving average price is $113.67 and its two-hundred day moving average price is $103.97. 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 $6.98 billion, a P/E ratio of 14.98 and a beta of 1.18. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79.
Institutional Trading of BOK Financial
Institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in BOK Financial in the second quarter worth $39,000. KBC Group NV raised its stake in shares of BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank's stock valued at $95,000 after buying an additional 183 shares in the last quarter. Prospera Private Wealth LLC bought a new position in shares of BOK Financial during the 3rd quarter worth about $142,000. CWM LLC boosted its position in shares of BOK Financial by 211.8% during the 3rd quarter. CWM LLC now owns 1,456 shares of the bank's stock valued at $152,000 after acquiring an additional 989 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in BOK Financial in the second quarter valued at about $143,000. Institutional investors and hedge funds own 34.44% of the company's stock.
Insider Activity at BOK Financial
In related news, Director Steven Bangert sold 2,000 shares of the business's 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 transaction, the director now directly owns 44,709 shares in the company, valued at $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 56.94% of the company's stock.
BOK Financial Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a yield of 2.09%. This is a positive change from BOK Financial's previous quarterly dividend of $0.55. BOK Financial's payout ratio is 31.36%.
About BOK Financial
(
Get Free Report)
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.
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