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

BOK Financial Co. (NASDAQ:BOKF) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 913,700 shares, an increase of 22.0% from the June 30th total of 748,900 shares. Currently, 2.8% of the company’s shares are short sold. Based on an average daily volume of 158,800 shares, the short-interest ratio is presently 5.8 days.

BOKF has been the subject of a number of analyst reports. DA Davidson raised shares of BOK Financial from a “neutral” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Wednesday, July 10th. BidaskClub raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Zacks Investment Research downgraded shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Raymond James lifted their target price on shares of BOK Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Stephens downgraded shares of BOK Financial from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $87.00 to $88.00 in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $94.50.

NASDAQ BOKF traded down $1.73 during mid-day trading on Wednesday, reaching $77.08. 1,476 shares of the stock were exchanged, compared to its average volume of 177,080. BOK Financial has a one year low of $69.96 and a one year high of $105.21. The company has a 50 day moving average of $78.17. The stock has a market cap of $5.63 billion, a PE ratio of 11.36, a P/E/G ratio of 1.66 and a beta of 1.23. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.95 and a current ratio of 0.96.



BOK Financial (NASDAQ:BOKF) last announced its earnings results on Wednesday, July 24th. The bank reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.13. BOK Financial had a net margin of 22.90% and a return on equity of 11.76%. The business had revenue of $457.50 million during the quarter, compared to the consensus estimate of $449.59 million. During the same quarter last year, the firm earned $1.75 earnings per share. Sell-side analysts expect that BOK Financial will post 7.41 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th will be paid a $0.50 dividend. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, August 9th. BOK Financial’s payout ratio is 29.50%.

Institutional investors and hedge funds have recently bought and sold shares of the business. BB&T Corp increased its stake in BOK Financial by 2.3% in the second quarter. BB&T Corp now owns 22,875 shares of the bank’s stock valued at $1,727,000 after purchasing an additional 519 shares in the last quarter. Norges Bank bought a new stake in BOK Financial in the fourth quarter valued at $25,754,000. Ellis Investment Partners LLC bought a new stake in BOK Financial in the first quarter valued at $52,000. Raymond James & Associates increased its stake in BOK Financial by 2.3% in the first quarter. Raymond James & Associates now owns 58,801 shares of the bank’s stock valued at $4,795,000 after purchasing an additional 1,312 shares in the last quarter. Finally, Millennium Management LLC increased its stake in BOK Financial by 1,925.1% in the fourth quarter. Millennium Management LLC now owns 74,930 shares of the bank’s stock valued at $5,495,000 after purchasing an additional 71,230 shares in the last quarter. 39.79% of the stock is owned by hedge funds and other institutional investors.

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.

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