BOK Financial Co. (NASDAQ:BOKF) Short Interest Down 17.5% in August

BOK Financial Co. (NASDAQ:BOKF) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 462,000 shares, a decline of 17.5% from the August 15th total of 559,800 shares. Based on an average trading volume of 155,000 shares, the short-interest ratio is presently 3.0 days. Approximately 1.8% of the company’s stock are sold short.

BOK Financial Stock Up 0.3 %

Shares of BOKF stock traded up $0.36 on Tuesday, hitting $104.81. The stock had a trading volume of 27,076 shares, compared to its average volume of 150,552. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.81. The business has a 50 day moving average of $100.94 and a 200 day moving average of $93.69. BOK Financial has a 12-month low of $62.42 and a 12-month high of $107.97. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 15.23 and a beta of 1.18.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, beating the consensus estimate of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The firm had revenue of $871.84 million during the quarter, compared to analyst estimates of $520.43 million. During the same quarter last year, the business posted $2.27 EPS. As a group, analysts expect that BOK Financial will post 7.78 EPS for the current year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.20 dividend on an annualized basis and a yield of 2.10%. BOK Financial’s dividend payout ratio (DPR) is currently 32.07%.

Wall Street Analysts Forecast Growth

BOKF has been the subject of several research reports. Royal Bank of Canada raised their target price on BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 24th. Stephens reissued an “equal weight” rating and issued a $104.00 price objective on shares of BOK Financial in a research note on Tuesday, July 23rd. Truist Financial upped their target price on BOK Financial from $94.00 to $112.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods lifted their price target on shares of BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Finally, DA Davidson boosted their price target on shares of BOK Financial from $97.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $108.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Treasurer of the State of North Carolina raised its stake in shares of BOK Financial by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 12,564 shares of the bank’s stock worth $1,076,000 after purchasing an additional 120 shares during the period. American Century Companies Inc. raised its position in 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 stake in BOK Financial by 361.8% in the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after acquiring an additional 369 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in BOK Financial in the second quarter valued at about $39,000. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of BOK Financial by 18.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,816 shares of the bank’s stock valued at $258,000 after acquiring an additional 431 shares during the period. 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.