Q1 2024 Earnings Forecast for BOK Financial Co. (NASDAQ:BOKF) Issued By DA Davidson

BOK Financial Co. (NASDAQ:BOKF) – Research analysts at DA Davidson dropped their Q1 2024 earnings per share (EPS) estimates for shares of BOK Financial in a research note issued to investors on Thursday, April 4th. DA Davidson analyst P. Winter now expects that the bank will post earnings of $1.69 per share for the quarter, down from their prior forecast of $1.72. The consensus estimate for BOK Financial’s current full-year earnings is $7.62 per share. DA Davidson also issued estimates for BOK Financial’s FY2025 earnings at $8.14 EPS.

A number of other analysts have also commented on the company. Raymond James raised BOK Financial from a “market perform” rating to an “outperform” rating and set a $103.00 price objective for the company in a report on Thursday, April 4th. Royal Bank of Canada boosted their price objective on BOK Financial from $93.00 to $94.00 and gave the stock a “sector perform” rating in a report on Tuesday. Truist Financial boosted their price objective on BOK Financial from $90.00 to $99.00 and gave the stock a “hold” rating in a report on Monday, April 1st. Keefe, Bruyette & Woods boosted their price objective on BOK Financial from $94.00 to $97.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Finally, StockNews.com lowered BOK Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $93.44.

BOK Financial Stock Performance

Shares of BOKF opened at $92.23 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day moving average price of $86.06 and a two-hundred day moving average price of $80.65. The firm has a market capitalization of $5.96 billion, a P/E ratio of 11.53 and a beta of 1.21. BOK Financial has a 52 week low of $62.42 and a 52 week high of $92.75.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Wednesday, January 24th. The bank reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.49). BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. The firm had revenue of $843.21 million during the quarter, compared to the consensus estimate of $485.87 million. During the same period in the previous year, the firm earned $2.51 earnings per share.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $2.20 annualized dividend and a yield of 2.39%. BOK Financial’s payout ratio is 27.50%.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $81.59, for a total value of $244,770.00. Following the transaction, the director now owns 50,985 shares in the company, valued at $4,159,866.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 56.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On BOK Financial

Several institutional investors have recently bought and sold shares of BOKF. Invesco Ltd. lifted its position in shares of BOK Financial by 50.0% during the third quarter. Invesco Ltd. now owns 85,067 shares of the bank’s stock worth $6,804,000 after acquiring an additional 28,367 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of BOK Financial by 233.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock worth $3,838,000 after acquiring an additional 33,602 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its position in shares of BOK Financial by 4.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock worth $26,012,000 after acquiring an additional 14,639 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of BOK Financial during the third quarter worth $5,375,000. Finally, VisionPoint Advisory Group LLC lifted its position in shares of BOK Financial by 102.1% during the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after acquiring an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.