BOK Financial Co. (NASDAQ:BOKF) Short Interest Down 14.9% in September

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

Hedge Funds Weigh In On BOK Financial

Several institutional investors have recently modified their holdings of BOKF. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BOK Financial during the 2nd quarter valued at $39,000. Covestor Ltd grew its stake in shares of BOK Financial by 361.8% during the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after buying an additional 369 shares during the last quarter. Olistico Wealth LLC purchased a new position in shares of BOK Financial in the second quarter worth about $46,000. Bessemer Group Inc. bought a new stake in shares of BOK Financial in the 1st quarter valued at about $86,000. Finally, Point72 DIFC Ltd purchased a new stake in BOK Financial during the 2nd quarter valued at about $143,000. 34.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BOKF. DA Davidson boosted their price objective on BOK Financial from $97.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Truist Financial upgraded BOK Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $112.00 to $123.00 in a research report on Friday, September 20th. Wedbush increased their price objective on BOK Financial from $94.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Hovde Group raised their target price on BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Finally, StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $109.10.

BOK Financial Price Performance

Shares of BOKF stock traded up $0.16 during trading on Friday, hitting $104.38. The company had a trading volume of 62,121 shares, compared to its average volume of 152,125. The stock’s 50-day moving average is $102.22 and its two-hundred day moving average is $94.79. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 15.22 and a beta of 1.18. 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 has a 52 week low of $62.42 and a 52 week high of $108.01.

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

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Thursday, August 15th. BOK Financial’s payout ratio is currently 32.07%.

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.