Q4 Earnings Estimate for BOK Financial Issued By DA Davidson

BOK Financial Co. (NASDAQ:BOKF - Free Report) - DA Davidson lowered their Q4 2024 earnings estimates for BOK Financial in a report issued on Thursday, December 19th. DA Davidson analyst P. Winter now forecasts that the bank will post earnings of $2.04 per share for the quarter, down from their previous estimate of $2.06. DA Davidson currently has a "Buy" rating and a $123.00 target price on the stock. The consensus estimate for BOK Financial's current full-year earnings is $8.08 per share. DA Davidson also issued estimates for BOK Financial's FY2025 earnings at $8.53 EPS.

Several other brokerages have also recently issued reports on BOKF. Stephens decreased their price objective on BOK Financial from $116.00 to $114.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 23rd. Truist Financial raised shares of BOK Financial from a "hold" rating to a "buy" rating and upped their price target for the company from $112.00 to $123.00 in a research note on Friday, September 20th. Wedbush reissued a "neutral" rating and issued a $115.00 price objective on shares of BOK Financial in a research note on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on shares of BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods increased their price target on shares of BOK Financial from $112.00 to $125.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $114.40.

BOK Financial Price Performance

BOK Financial stock traded up $1.51 during midday trading on Friday, reaching $109.69. 266,364 shares of the stock traded hands, compared to its average volume of 154,174. The stock has a market cap of $7.03 billion, a P/E ratio of 15.09 and a beta of 1.18. The stock's fifty day moving average is $113.63 and its 200-day moving average is $103.62. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. BOK Financial has a 12 month low of $77.86 and a 12 month high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The bank reported $2.18 EPS for the quarter, beating 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 business had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. During the same quarter in the prior year, the firm earned $2.04 EPS.

BOK Financial Increases Dividend

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

Insider Activity

In related news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the completion of the sale, the director now owns 44,709 shares in the company, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 56.94% of the company's stock.

Hedge Funds Weigh In On BOK Financial

A number of hedge funds have recently added to or reduced their stakes in BOKF. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BOK Financial during the 2nd quarter worth $39,000. KBC Group NV lifted its stake in BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank's stock worth $95,000 after acquiring an additional 183 shares during the period. Prospera Private Wealth LLC bought a new position in BOK Financial during the 3rd quarter worth about $142,000. Point72 DIFC Ltd purchased a new position in BOK Financial during the 2nd quarter valued at about $143,000. Finally, nVerses Capital LLC bought a new stake in shares of BOK Financial in the 2nd quarter valued at about $147,000. 34.44% of the stock is currently owned by 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.