BOK Financial Co. (NASDAQ:BOKF) Short Interest Up 24.6% in December

BOK Financial Co. (NASDAQ:BOKF) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 293,900 shares, an increase of 24.6% from the November 30th total of 235,900 shares. Based on an average daily volume of 153,600 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.2% of the company’s shares are sold short.

Insider Buying and Selling at BOK Financial

In related news, Director Steven Bangert sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the sale, the director now directly owns 44,709 shares in the company, valued at approximately $5,268,061.47. This represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 56.94% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BOK Financial

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in shares of BOK Financial by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock worth $199,405,000 after purchasing an additional 125,950 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in BOK Financial by 28.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock valued at $23,408,000 after acquiring an additional 48,942 shares during the period. Point72 Asset Management L.P. grew its stake in shares of BOK Financial by 55.6% in the third quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock worth $14,315,000 after purchasing an additional 48,874 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of BOK Financial by 7.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock valued at $14,238,000 after purchasing an additional 9,863 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in BOK Financial by 0.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,609 shares of the bank’s stock worth $8,643,000 after purchasing an additional 564 shares during the period. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $107.32 on Tuesday. The stock has a market cap of $6.88 billion, a PE ratio of 14.76 and a beta of 1.18. BOK Financial has a fifty-two week low of $77.86 and a fifty-two week high of $121.58. The firm’s fifty day simple moving average is $113.31 and its 200-day simple moving average is $104.83. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results 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. The company had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. During the same period last year, the firm earned $2.04 EPS. Analysts expect that BOK Financial will post 8.08 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.12%. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio is currently 31.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BOKF. Wedbush restated a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a report on Tuesday, October 22nd. DA Davidson dropped their target price on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods lifted their price target on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Stephens cut their target price 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. Finally, Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $112.00 to $123.00 in a research note on Friday, September 20th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $114.40.

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.