BOK Financial’s (BOKF) Neutral Rating Reiterated at Wedbush

Wedbush reaffirmed their neutral rating on shares of BOK Financial (NASDAQ:BOKF) in a research note issued to investors on Tuesday morning, Benzinga reports. The brokerage currently has a $115.00 target price on the bank’s stock. Wedbush also issued estimates for BOK Financial’s Q4 2024 earnings at $1.86 EPS, FY2024 earnings at $8.00 EPS, Q1 2025 earnings at $1.98 EPS, Q2 2025 earnings at $2.10 EPS, Q4 2025 earnings at $2.27 EPS, FY2025 earnings at $8.50 EPS, Q1 2026 earnings at $2.12 EPS, Q2 2026 earnings at $2.20 EPS, Q3 2026 earnings at $2.27 EPS and FY2026 earnings at $8.90 EPS.

Other research analysts also recently issued reports about the company. Royal Bank of Canada lifted their price target on BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th. DA Davidson raised shares of BOK Financial from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $113.00 to $124.00 in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods increased their price target on shares of BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. StockNews.com upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company upped their price objective on shares of BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.90.

BOK Financial Price Performance

NASDAQ BOKF opened at $105.66 on Tuesday. BOK Financial has a 1 year low of $62.42 and a 1 year high of $114.93. The company has a fifty day simple moving average of $104.80 and a 200 day simple moving average of $97.23. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27. The company has a market cap of $6.82 billion, a P/E ratio of 15.40 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results 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. The company had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same period in the prior year, the company earned $2.04 earnings per share. On average, sell-side analysts predict that BOK Financial will post 7.85 EPS for the current year.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend was Thursday, August 15th. BOK Financial’s payout ratio is 32.07%.

Hedge Funds Weigh In On BOK Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in BOK Financial in the second quarter valued at $39,000. Covestor Ltd lifted its holdings in BOK Financial by 361.8% during the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after purchasing an additional 369 shares during the last quarter. Olistico Wealth LLC acquired a new position in BOK Financial in the second quarter valued at about $46,000. Bessemer Group Inc. bought a new stake in BOK Financial during the first quarter worth about $86,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of BOK Financial during the second quarter worth approximately $143,000. Institutional investors own 34.44% of the company’s stock.

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.