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

BOK Financial Co. (NASDAQ:BOKF) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 491,000 shares, a decline 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 currently 3.3 days. Currently, 1.9% of the company’s shares are sold short.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $91.66, for a total value of $274,980.00. Following the completion of the sale, the director now owns 47,985 shares in the company, valued at approximately $4,398,305.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 56.94% of the stock is owned by company insiders.

Institutional Investors Weigh In On BOK Financial

Several institutional investors and hedge funds have recently made changes to their positions in the company. George Kaiser Family Foundation raised its position in shares of BOK Financial by 1.2% during the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock valued at $287,930,000 after acquiring an additional 38,898 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of BOK Financial by 13.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock valued at $163,252,000 after acquiring an additional 221,785 shares in the last quarter. BOKF NA raised its position in shares of BOK Financial by 0.9% during the 4th quarter. BOKF NA now owns 711,535 shares of the bank’s stock valued at $60,943,000 after acquiring an additional 6,632 shares in the last quarter. Norges Bank acquired a new stake in shares of BOK Financial during the 4th quarter valued at approximately $27,170,000. Finally, Charles Schwab Investment Management Inc. grew its stake in BOK Financial by 5.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 263,488 shares of the bank’s stock worth $22,568,000 after buying an additional 12,892 shares during the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Stock Down 1.4 %

Shares of BOKF traded down $1.53 during trading on Monday, reaching $104.19. The company’s stock had a trading volume of 130,241 shares, compared to its average volume of 156,671. The company has a fifty day moving average of $93.17 and a two-hundred day moving average of $89.31. BOK Financial has a twelve month low of $62.42 and a twelve month high of $107.97. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 15.19 and a beta of 1.19. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.34.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.65. The business had revenue of $871.84 million for the quarter, compared to analyst estimates of $520.43 million. BOK Financial had a return on equity of 10.04% and a net margin of 13.92%. During the same period in the prior year, the company posted $2.27 EPS. On average, sell-side analysts predict that BOK Financial will post 7.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on BOKF shares. Wedbush boosted their target price on BOK Financial from $94.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Royal Bank of Canada boosted their target price on BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Truist Financial boosted their target price on BOK Financial from $94.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a report on Friday. Finally, Raymond James reiterated an “outperform” rating and set a $105.00 target price (up previously from $103.00) on shares of BOK Financial in a report on Thursday, April 25th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, BOK Financial has an average rating of “Hold” and an average target price of $108.00.

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.