BOK Financial Co. (NASDAQ:BOKF) Short Interest Update

BOK Financial Co. (NASDAQ:BOKF) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 491,000 shares, a drop of 18.8% from the June 30th total of 604,800 shares. Based on an average daily trading volume, of 150,100 shares, the days-to-cover ratio is presently 3.3 days. Approximately 1.9% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. StockNews.com raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday. Hovde Group lifted their target price on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Royal Bank of Canada lifted their target price on shares of BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Wedbush lifted their target price on shares of BOK Financial from $94.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $108.00.

BOK Financial Price Performance

NASDAQ BOKF traded down $1.53 on Monday, hitting $104.19. The company had a trading volume of 130,241 shares, compared to its average volume of 156,671. The company has a market capitalization of $6.72 billion, a PE ratio of 15.19 and a beta of 1.19. The company’s fifty day moving average price is $93.17 and its 200-day moving average price is $89.31. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.82 and a quick ratio of 0.82. BOK Financial has a 12-month low of $62.42 and a 12-month high of $107.97.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, topping the consensus estimate of $1.89 by $0.65. The company had revenue of $871.84 million during the quarter, compared to analyst estimates of $520.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 10.04%. During the same quarter in the previous year, the firm earned $2.27 EPS. As a group, analysts predict that BOK Financial will post 7.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.11%. The ex-dividend date was Tuesday, May 14th. BOK Financial’s payout ratio is presently 32.07%.

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total transaction of $274,980.00. Following the completion of the transaction, the director now directly owns 47,985 shares of the company’s stock, valued at approximately $4,398,305.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 56.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BOK Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOKF. Norges Bank acquired a new stake in BOK Financial during the 4th quarter worth $27,170,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in BOK Financial by 14.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 113,053 shares of the bank’s stock worth $10,401,000 after purchasing an additional 14,289 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in BOK Financial by 85.9% during the 4th quarter. Rafferty Asset Management LLC now owns 52,983 shares of the bank’s stock worth $4,538,000 after purchasing an additional 24,482 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in BOK Financial by 71.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after purchasing an additional 15,626 shares during the last quarter. Finally, George Kaiser Family Foundation boosted its stake in BOK Financial by 1.2% during the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock worth $287,930,000 after purchasing an additional 38,898 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.