For its second fiscal quarter (ending June 30), BOK Financial Corp (NASDAQ: BOKF) has reported a 12% increase in E.P.S. from $2.27 a year ago to $2.54 in the current quarter. This performance was $0.54 better than the consensus estimate of $2.01. E.P.S. were $7.13 for the latest four quarters through June 30 versus $9.53 for the same period a year ago — a decline of -25%.
Recent Price Action
On 7/22/24, BOK Financial Corp (NASDAQ: BOKF) stock enjoyed a large increase of 3.0%, closing at $106.79. Moreover, this advance was accompanied by unusually high trading volume at 156% of normal. Relative to the market the stock has been strong over the last nine months and has risen 11.9% during the last week.
Current PriceTarget Research Rating
BOKF is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
BOK Financial has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. BOK Financial has a good Power Rating of 83 and a good Appreciation Score of 84, leading to the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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