Q4 Earnings Forecast for BOK Financial Issued By DA Davidson

BOK Financial Co. (NASDAQ:BOKF) – Equities research analysts at DA Davidson lowered their Q4 2024 earnings per share (EPS) estimates for shares of BOK Financial in a report released on Thursday, December 19th. DA Davidson analyst P. Winter now expects that the bank will post earnings of $2.04 per share for the quarter, down from their prior forecast 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.

BOK Financial (NASDAQ:BOKF) 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 company had revenue of $888.50 million for the quarter, compared to analyst estimates of $509.43 million. During the same period in the previous year, the company posted $2.04 EPS.

BOKF has been the topic of several other research reports. 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. Keefe, Bruyette & Woods upped their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Wedbush reissued a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a research note on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Finally, Truist Financial raised BOK Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $112.00 to $123.00 in a research note on Friday, September 20th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, BOK Financial presently has a consensus rating of “Hold” and an average price target of $114.40.

BOK Financial Price Performance

BOKF stock opened at $109.69 on Friday. The firm has a 50 day simple moving average of $113.67 and a two-hundred day simple moving average of $103.76. BOK Financial has a one year low of $77.86 and a one year high of $121.58. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $7.03 billion, a PE ratio of 15.09 and a beta of 1.18.

Institutional Investors Weigh In On BOK Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of BOK Financial during the second quarter valued at about $39,000. KBC Group NV increased its stake in BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after acquiring an additional 183 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of BOK Financial during the 3rd quarter worth approximately $142,000. Point72 DIFC Ltd bought a new position in shares of BOK Financial during the 2nd quarter valued at approximately $143,000. Finally, nVerses Capital LLC bought a new stake in BOK Financial in the second quarter worth $147,000. Institutional investors own 34.44% of the company’s stock.

Insider Activity at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the transaction, the director now directly owns 44,709 shares in the company, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 56.94% of the stock is owned by insiders.

BOK Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a dividend of $0.57 per share. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.08%. BOK Financial’s dividend payout ratio is presently 31.36%.

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.