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

BOK Financial Co. (NASDAQ:BOKF) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 298,000 shares, a growth of 7.7% from the September 30th total of 276,600 shares. Based on an average daily volume of 146,500 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.2% of the shares of the stock are short sold.

BOK Financial Stock Down 1.5 %

Shares of NASDAQ:BOKF traded down $1.65 during trading on Thursday, reaching $106.23. 111,473 shares of the stock traded hands, compared to its average volume of 151,505. The stock has a 50-day moving average of $105.23 and a two-hundred day moving average of $97.69. The stock has a market cap of $6.81 billion, a P/E ratio of 14.74 and a beta of 1.17. BOK Financial has a 52-week low of $64.77 and a 52-week high of $114.93. 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 (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. The company had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. During the same quarter in the previous year, the business earned $2.04 EPS. As a group, sell-side analysts expect that BOK Financial will post 7.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BOKF shares. Royal Bank of Canada boosted their price objective on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on BOK Financial from $102.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday. Keefe, Bruyette & Woods boosted their target price on shares of BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Hovde Group raised their price target 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. Finally, Wedbush reissued a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a research note on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $112.20.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its position in shares of BOK Financial by 1.4% during the second quarter. American Century Companies Inc. now owns 16,056 shares of the bank’s stock valued at $1,471,000 after acquiring an additional 225 shares during the last quarter. Covestor Ltd boosted its holdings in 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 acquiring an additional 369 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in BOK Financial in the 2nd quarter valued at about $39,000. Vanguard Personalized Indexing Management LLC increased its stake in BOK Financial by 18.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,816 shares of the bank’s stock worth $258,000 after purchasing an additional 431 shares during the period. Finally, Olistico Wealth LLC acquired a new stake in shares of BOK Financial during the second quarter worth about $46,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

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.