BOK Financial Co. (NASDAQ:BOKF) Short Interest Up 7.7% in October

BOK Financial Co. (NASDAQ:BOKF) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 298,000 shares, an increase 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 presently 2.0 days. Currently, 1.2% of the shares of the company are sold short.

BOK Financial Stock Down 1.5 %

Shares of NASDAQ:BOKF traded down $1.65 during midday trading on Thursday, reaching $106.23. The company had a trading volume of 111,473 shares, compared to its average volume of 151,505. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. The business’s 50 day moving average price is $105.23 and its 200 day moving average price is $97.69. The stock has a market cap of $6.81 billion, a PE ratio of 14.74 and a beta of 1.17. BOK Financial has a 1-year low of $64.77 and a 1-year high of $114.93.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.20. The business had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same period last year, the business earned $2.04 earnings per share. Research analysts forecast that BOK Financial will post 7.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on BOKF shares. DA Davidson reduced their price objective on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company lifted their price target on shares of BOK Financial from $102.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday. Stephens decreased their price target on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods lifted their price target on BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $112.20.

Institutional Trading of BOK Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of BOK Financial by 14.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 113,053 shares of the bank’s stock worth $10,401,000 after buying an additional 14,289 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of BOK Financial by 71.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after acquiring an additional 15,626 shares during the period. Edgestream Partners L.P. acquired a new position in shares of BOK Financial in the second quarter valued at approximately $3,429,000. Sei Investments Co. acquired a new stake in BOK Financial during the 1st quarter worth approximately $468,000. Finally, Sanctuary Advisors LLC bought a new stake in BOK Financial in the 2nd quarter valued at $540,000. Institutional investors 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.