BOK Financial Co. (NASDAQ:BOKF) Short Interest Down 19.5% in May

BOK Financial Co. (NASDAQ:BOKFGet Free Report) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 541,800 shares, a drop of 19.5% from the May 15th total of 672,800 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average trading volume of 139,100 shares, the short-interest ratio is currently 3.9 days.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 10th. Raymond James restated an “outperform” rating and issued a $105.00 price target (up previously from $103.00) on shares of BOK Financial in a research note on Thursday, April 25th. Royal Bank of Canada lifted their price objective on shares of BOK Financial from $94.00 to $98.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. DA Davidson lifted their price objective on shares of BOK Financial from $90.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Finally, StockNews.com raised shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $97.10.

Get Our Latest Analysis on BOKF

Insider Buying and Selling at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total value of $274,980.00. Following the completion of the transaction, the director now owns 47,985 shares in the company, valued at $4,398,305.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of BOKF. Walleye Trading LLC bought a new position in shares of BOK Financial during the 1st quarter worth approximately $290,000. Jacobs Levy Equity Management Inc. grew its position in BOK Financial by 23.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 39,174 shares of the bank’s stock worth $3,604,000 after acquiring an additional 7,412 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in BOK Financial by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,375 shares of the bank’s stock worth $1,323,000 after acquiring an additional 797 shares during the last quarter. Bessemer Group Inc. bought a new stake in BOK Financial during the 1st quarter worth $86,000. Finally, Covestor Ltd grew its position in BOK Financial by 361.8% during the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after acquiring an additional 369 shares during the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Performance

Shares of BOKF stock traded down $0.80 during trading hours on Friday, reaching $87.28. 149,647 shares of the company’s stock were exchanged, compared to its average volume of 133,185. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $96.40. The stock has a market capitalization of $5.63 billion, a P/E ratio of 12.72 and a beta of 1.17. The business has a fifty day moving average price of $90.61 and a 200-day moving average price of $86.48. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.34.

BOK Financial (NASDAQ:BOKFGet Free Report) last issued its earnings results on Tuesday, April 30th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.19. BOK Financial had a return on equity of 10.52% and a net margin of 13.93%. The business had revenue of $806.91 million during the quarter, compared to analyst estimates of $473.70 million. During the same period in the prior year, the company posted $2.43 earnings per share. Analysts predict that BOK Financial will post 7.7 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Tuesday, May 14th. BOK Financial’s payout ratio is 32.07%.

BOK Financial Company Profile

(Get Free Report)

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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