DA Davidson Weighs in on BOK Financial Co.'s Q2 2024 Earnings (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF - Free Report) - Analysts at DA Davidson issued their Q2 2024 EPS estimates for BOK Financial in a report issued on Thursday, April 25th. DA Davidson analyst P. Winter forecasts that the bank will post earnings per share of $1.88 for the quarter. DA Davidson currently has a "Neutral" rating and a $97.00 target price on the stock. The consensus estimate for BOK Financial's current full-year earnings is $7.43 per share. DA Davidson also issued estimates for BOK Financial's FY2025 earnings at $8.58 EPS.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.72 by $0.19. The business had revenue of $806.91 million during the quarter, compared to analysts' expectations of $473.70 million. BOK Financial had a net margin of 13.93% and a return on equity of 10.62%. During the same quarter last year, the company posted $2.43 earnings per share.

Several other analysts have also commented on BOKF. Hovde Group raised their price target on shares of BOK Financial from $96.00 to $97.00 and gave the company a "market perform" rating in a research report on Thursday. StockNews.com lowered shares of BOK Financial from a "hold" rating to a "sell" rating in a research report on Thursday, March 21st. Citigroup raised their price target on shares of BOK Financial from $90.00 to $92.00 and gave the company a "neutral" rating in a research report on Wednesday, March 13th. Truist Financial dropped their price target on shares of BOK Financial from $99.00 to $97.00 and set a "hold" rating on the stock in a research report on Friday. Finally, Stephens raised their price target on shares of BOK Financial from $96.00 to $98.00 and gave the company an "equal weight" rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, BOK Financial has a consensus rating of "Hold" and a consensus price target of $97.10.

BOK Financial Stock Performance

Shares of NASDAQ:BOKF traded up $0.87 during midday trading on Friday, reaching $90.83. The company's stock had a trading volume of 164,657 shares, compared to its average volume of 162,650. The firm has a market capitalization of $5.87 billion, a PE ratio of 13.19 and a beta of 1.21. BOK Financial has a twelve month low of $62.42 and a twelve month high of $93.51. The stock has a fifty day moving average of $87.41 and a 200 day moving average of $81.42. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.52.

Hedge Funds Weigh In On BOK Financial

Institutional investors have recently bought and sold shares of the company. Invesco Ltd. raised its stake in 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 purchasing an additional 28,367 shares during the period. O Shaughnessy Asset Management LLC raised its stake in 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 purchasing an additional 33,602 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in 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 purchasing an additional 14,639 shares during the period. Wellington Management Group LLP purchased a new stake in shares of BOK Financial in the 3rd quarter valued at approximately $5,375,000. Finally, VisionPoint Advisory Group LLC raised its stake in shares of BOK Financial by 102.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank's stock valued at $30,000 after acquiring an additional 192 shares during the period. 34.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of the firm's stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $81.59, for a total value of $244,770.00. Following the transaction, the director now directly owns 50,985 shares of the company's stock, valued at $4,159,866.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 56.94% of the company's stock.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Tuesday, February 13th. BOK Financial's dividend payout ratio is currently 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.