Q3 2024 Earnings Forecast for BOK Financial Co. Issued By DA Davidson (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF) – Stock analysts at DA Davidson upped their Q3 2024 earnings per share estimates for BOK Financial in a research note issued on Thursday, October 3rd. DA Davidson analyst P. Winter now expects that the bank will post earnings of $2.04 per share for the quarter, up from their prior estimate of $1.94. DA Davidson currently has a “Neutral” rating and a $111.00 target price on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $7.78 per share. DA Davidson also issued estimates for BOK Financial’s FY2025 earnings at $8.71 EPS.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.65. The company had revenue of $871.84 million during the quarter, compared to the consensus estimate of $520.43 million. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. During the same period in the previous year, the firm posted $2.27 earnings per share.

Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada lifted their price target on BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. Hovde Group boosted their price target on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Stephens reissued an “equal weight” rating and issued a $104.00 target price on shares of BOK Financial in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods upped their target price on BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and an average target price of $109.80.

BOK Financial Price Performance

Shares of BOKF opened at $103.48 on Friday. The stock’s fifty day moving average is $101.88 and its 200-day moving average is $95.28. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 15.08 and a beta of 1.17. BOK Financial has a one year low of $62.42 and a one year high of $108.01. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.81 and a current ratio of 0.82.

Hedge Funds Weigh In On BOK Financial

Several institutional investors have recently added to or reduced their stakes in BOKF. Point72 Asia Singapore Pte. Ltd. acquired a new position in BOK Financial during the 2nd quarter worth about $39,000. Covestor Ltd boosted its holdings in shares of BOK Financial by 361.8% in the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after buying an additional 369 shares during the period. Olistico Wealth LLC bought a new stake in shares of BOK Financial during the second quarter worth $46,000. Bessemer Group Inc. bought a new stake in BOK Financial in the 1st quarter valued at $86,000. Finally, Point72 DIFC Ltd acquired a new position in BOK Financial in the 2nd quarter worth $143,000. 34.44% of the stock is owned by institutional investors.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Thursday, August 15th. BOK Financial’s dividend payout ratio is 32.07%.

About BOK Financial

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.