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

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

BOK Financial Price Performance

BOKF traded up $0.39 during trading on Monday, reaching $104.77. The company’s stock had a trading volume of 34,511 shares, compared to its average volume of 151,499. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 15.21 and a beta of 1.18. The firm has a fifty day simple moving average of $102.22 and a two-hundred day simple moving average of $94.84. BOK Financial has a 1 year low of $62.42 and a 1 year high of $108.01. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.65. The firm had revenue of $871.84 million for the quarter, compared to the consensus estimate of $520.43 million. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. During the same quarter last year, the business posted $2.27 earnings per share. As a group, analysts anticipate that BOK Financial will post 7.78 EPS for the current year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.20 annualized dividend and a dividend yield of 2.10%. BOK Financial’s payout ratio is 32.07%.

Institutional Investors Weigh In On BOK Financial

A number of hedge funds have recently modified their holdings of BOKF. Point72 Asia Singapore Pte. Ltd. purchased a new position in BOK Financial during the second quarter worth about $39,000. Covestor Ltd raised its position in shares of BOK Financial by 361.8% during the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after buying an additional 369 shares during the period. Olistico Wealth LLC acquired a new position in BOK Financial in the second quarter valued at approximately $46,000. Bessemer Group Inc. purchased a new position in BOK Financial in the first quarter worth approximately $86,000. Finally, Point72 DIFC Ltd acquired a new stake in BOK Financial during the second quarter worth $143,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Wall Street Analyst Weigh In

BOKF has been the subject of several analyst reports. Hovde Group boosted their target price on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Truist Financial upgraded BOK Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $112.00 to $123.00 in a research report on Friday, September 20th. DA Davidson boosted their price target on shares of BOK Financial from $97.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. 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 research report on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, BOK Financial presently has a consensus rating of “Hold” and an average target price of $109.10.

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.