BOK Financial Co. (BOKF) Short Interest Update

BOK Financial Co. (NASDAQ:BOKF) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 681,605 shares, a decline of 54.9% from the September 28th total of 1,511,074 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily volume of 337,367 shares, the days-to-cover ratio is presently 2.0 days.

Several equities analysts have recently issued reports on BOKF shares. Zacks Investment Research raised BOK Financial from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Wednesday, August 29th. Hovde Group lifted their price target on BOK Financial from $100.00 to $105.00 and gave the stock a “market perform” rating in a research report on Thursday, July 26th. BidaskClub lowered BOK Financial from a “hold” rating to a “sell” rating in a research report on Saturday, September 29th. Raymond James raised BOK Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 15th. Finally, Wells Fargo & Co set a $100.00 price target on BOK Financial and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $105.79.

In other news, Director C Fred Ball, Jr. sold 450 shares of BOK Financial stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $102.92, for a total value of $46,314.00. Following the completion of the transaction, the director now owns 3,066 shares of the company’s stock, valued at approximately $315,552.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director C Fred Ball, Jr. sold 476 shares of BOK Financial stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $103.28, for a total value of $49,161.28. Following the completion of the transaction, the director now directly owns 3,592 shares of the company’s stock, valued at approximately $370,981.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,276 shares of company stock valued at $228,788. 60.50% of the stock is owned by insiders.



Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FDx Advisors Inc. increased its holdings in BOK Financial by 16.4% in the 2nd quarter. FDx Advisors Inc. now owns 9,136 shares of the bank’s stock worth $859,000 after buying an additional 1,286 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in BOK Financial by 3.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 28,167 shares of the bank’s stock worth $2,650,000 after buying an additional 837 shares in the last quarter. NumerixS Investment Technologies Inc bought a new stake in BOK Financial in the 2nd quarter worth about $104,000. Strs Ohio bought a new stake in BOK Financial in the 2nd quarter worth about $445,000. Finally, Segall Bryant & Hamill LLC bought a new stake in BOK Financial in the 2nd quarter worth about $2,105,000. Institutional investors own 33.73% of the company’s stock.

NASDAQ BOKF opened at $84.80 on Tuesday. BOK Financial has a one year low of $80.11 and a one year high of $107.00. The stock has a market capitalization of $5.44 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.70.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, October 24th. The bank reported $1.79 EPS for the quarter, topping the consensus estimate of $1.75 by $0.04. BOK Financial had a return on equity of 11.91% and a net margin of 23.20%. The company had revenue of $408.82 million during the quarter, compared to the consensus estimate of $403.09 million. During the same period last year, the company earned $1.31 EPS. On average, sell-side analysts expect that BOK Financial will post 6.91 EPS for the current year.

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.

See Also: What does earnings per share mean?

Receive News & Ratings for BOK Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOK Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply