Short Interest in BOK Financial Co. (NASDAQ:BOKF) Grows By 12.8%

BOK Financial Co. (NASDAQ:BOKF) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 611,000 shares, a growth of 12.8% from the May 31st total of 541,800 shares. Based on an average daily volume of 132,600 shares, the days-to-cover ratio is presently 4.6 days. Approximately 2.4% of the shares of the stock are sold short.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total value of $274,980.00. Following the transaction, the director now owns 47,985 shares of the company’s stock, valued at $4,398,305.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 59.72% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of BOK Financial during the fourth quarter valued at $27,170,000. Rafferty Asset Management LLC raised its holdings in shares of BOK Financial by 85.9% in the 4th quarter. Rafferty Asset Management LLC now owns 52,983 shares of the bank’s stock valued at $4,538,000 after purchasing an additional 24,482 shares in the last quarter. Invesco Ltd. lifted its position in shares of BOK Financial by 50.0% in the 3rd 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. George Kaiser Family Foundation boosted its stake in shares of BOK Financial by 1.2% during the fourth quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock valued at $287,930,000 after purchasing an additional 38,898 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of BOK Financial during the third quarter valued at approximately $5,375,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Trading Down 0.7 %

Shares of NASDAQ:BOKF traded down $0.62 during trading hours on Monday, hitting $91.02. 58,551 shares of the company’s stock traded hands, compared to its average volume of 154,876. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.82 and a quick ratio of 0.82. The business has a fifty day moving average price of $90.95 and a 200-day moving average price of $87.42. BOK Financial has a 1 year low of $62.42 and a 1 year high of $96.40. The firm has a market capitalization of $5.87 billion, a P/E ratio of 13.27 and a beta of 1.19.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Tuesday, April 30th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.19. BOK Financial had a return on equity of 10.52% and a net margin of 13.93%. The company had revenue of $806.91 million during the quarter, compared to analysts’ expectations of $473.70 million. During the same quarter in the previous year, the business earned $2.43 EPS. Equities analysts expect that BOK Financial will post 7.74 earnings per share for the current year.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.20 dividend on an annualized basis and a yield of 2.42%. BOK Financial’s payout ratio is 32.07%.

Analyst Ratings Changes

A number of research firms have issued reports on BOKF. Citigroup lifted their price objective on BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Truist Financial decreased 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 note on Friday, April 26th. Hovde Group raised shares of BOK Financial from a “market perform” rating to an “outperform” rating in a research note on Monday, June 10th. Wells Fargo & Company upped their target price on shares of BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 10th. Finally, DA Davidson lifted their price target on BOK Financial from $90.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $97.10.

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.