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

BOK Financial Co. (NASDAQ:BOKF) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 361,700 shares, a growth of 27.7% from the December 31st total of 283,300 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 158,500 shares, the short-interest ratio is presently 2.3 days.

BOK Financial Price Performance

NASDAQ:BOKF traded down $0.60 during midday trading on Friday, hitting $110.42. 113,915 shares of the stock were exchanged, compared to its average volume of 127,652. BOK Financial has a one year low of $78.99 and a one year high of $121.58. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 13.58 and a beta of 1.20. The business has a 50-day moving average price of $112.33 and a two-hundred day moving average price of $107.83. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Friday, January 17th. The bank reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.96% and a net margin of 15.32%. Sell-side analysts predict that BOK Financial will post 8.71 EPS for the current year.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a $0.57 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $2.28 annualized dividend and a dividend yield of 2.06%. BOK Financial’s dividend payout ratio is currently 28.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BOKF. Keefe, Bruyette & Woods lifted their target price on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Wedbush restated a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a research note on Tuesday, October 22nd. DA Davidson reduced their price objective on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company boosted their price objective on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Finally, Stephens reduced their price objective on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $116.40.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the transaction, the director now directly owns 44,709 shares in the company, valued at $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 56.94% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BOKF. Creative Planning raised its stake in BOK Financial by 130.1% during the 3rd quarter. Creative Planning now owns 11,946 shares of the bank’s stock valued at $1,250,000 after purchasing an additional 6,755 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in BOK Financial by 7.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock valued at $14,238,000 after purchasing an additional 9,863 shares during the period. Sanctuary Advisors LLC acquired a new stake in BOK Financial during the 2nd quarter valued at $540,000. Merit Financial Group LLC acquired a new stake in BOK Financial during the 4th quarter valued at $256,000. Finally, SG Americas Securities LLC raised its stake in BOK Financial by 433.0% during the 4th quarter. SG Americas Securities LLC now owns 9,216 shares of the bank’s stock valued at $981,000 after purchasing an additional 7,487 shares during the period. 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.