BOK Financial Co. (NASDAQ:BOKF) Sees Large Decrease in Short Interest

BOK Financial Co. (NASDAQ:BOKF) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 393,000 shares, a drop of 14.9% from the August 31st total of 462,000 shares. Based on an average daily volume of 153,300 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.5% of the company’s shares are short sold.

Institutional Trading of BOK Financial

Large investors have recently bought and sold shares of the stock. Treasurer of the State of North Carolina increased its position in shares of BOK Financial by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 12,564 shares of the bank’s stock valued at $1,076,000 after acquiring an additional 120 shares during the period. American Century Companies Inc. boosted 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 valued at $1,471,000 after buying an additional 225 shares during the last quarter. Covestor Ltd increased its holdings in BOK Financial by 361.8% in the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after buying an additional 369 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in BOK Financial during the 2nd quarter worth approximately $39,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of BOK Financial by 18.1% in 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 last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wedbush boosted their price objective on shares of BOK Financial from $94.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. DA Davidson lifted their target price on BOK Financial from $97.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada raised their price target 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. Finally, Hovde Group upped their price objective on shares of BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $109.10.

BOK Financial Stock Up 0.4 %

BOKF traded up $0.39 during trading on Monday, hitting $104.77. The stock had a trading volume of 34,511 shares, compared to its average volume of 151,499. The stock has a 50 day simple moving average of $102.22 and a two-hundred day simple moving average of $94.84. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.81 and a current ratio of 0.82. BOK Financial has a twelve month low of $62.42 and a twelve month high of $108.01. The company has a market capitalization of $6.76 billion, a PE ratio of 15.21 and a beta of 1.18.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, July 22nd. The bank reported $2.54 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.65. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. The firm had revenue of $871.84 million for the quarter, compared to the consensus estimate of $520.43 million. During the same period in the previous year, the business earned $2.27 EPS. On average, research analysts predict that BOK Financial will post 7.78 earnings per share for the current year.

BOK Financial Dividend Announcement

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

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.