FY2024 Earnings Estimate for BOK Financial Issued By Wedbush

BOK Financial Co. (NASDAQ:BOKF) – Analysts at Wedbush raised their FY2024 earnings estimates for BOK Financial in a research report issued to clients and investors on Tuesday, October 22nd. Wedbush analyst D. Chiaverini now expects that the bank will post earnings per share of $8.00 for the year, up from their prior forecast of $7.85. Wedbush has a “Neutral” rating and a $115.00 price target on the stock. The consensus estimate for BOK Financial’s current full-year earnings is $7.85 per share.

Several other equities research analysts have also recently weighed in on the stock. StockNews.com upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Hovde Group upped their target price on shares of BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Wells Fargo & Company raised their target price on BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 1st. Keefe, Bruyette & Woods raised 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, DA Davidson dropped their price objective on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $111.90.

BOK Financial Stock Performance

BOK Financial stock opened at $107.90 on Thursday. The business’s 50-day moving average price is $104.48 and its two-hundred day moving average price is $97.06. The stock has a market cap of $6.96 billion, a PE ratio of 15.73 and a beta of 1.17. BOK Financial has a 12-month low of $62.42 and a 12-month high of $114.93. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27.

BOK Financial (NASDAQ:BOKF) last issued its quarterly 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 for the quarter, compared to analyst estimates of $509.43 million. During the same quarter last year, the company posted $2.04 EPS.

Institutional Investors Weigh In On BOK Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. increased its stake 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 worth $1,471,000 after acquiring an additional 225 shares during the period. Covestor Ltd boosted its holdings in shares of BOK Financial by 361.8% during the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after purchasing an additional 369 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in BOK Financial in the 2nd quarter valued at about $39,000. Vanguard Personalized Indexing Management LLC increased its stake in BOK Financial by 18.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,816 shares of the bank’s stock worth $258,000 after acquiring an additional 431 shares during the last quarter. Finally, Olistico Wealth LLC purchased a new stake in shares of BOK Financial in the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.04%. The ex-dividend date was Thursday, August 15th. BOK Financial’s payout ratio is 32.07%.

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.