BOK Financial Co. (NASDAQ:BOKF) Short Interest Down 19.2% in November

BOK Financial Co. (NASDAQ:BOKF) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 238,900 shares, a decline of 19.2% from the October 31st total of 295,500 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 148,500 shares, the short-interest ratio is presently 1.6 days.

BOK Financial Stock Performance

Shares of NASDAQ:BOKF traded down $0.76 on Friday, hitting $118.87. 97,889 shares of the company were exchanged, compared to its average volume of 162,940. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The stock’s 50 day moving average price is $110.13 and its 200 day moving average price is $101.36. The firm has a market capitalization of $7.62 billion, a P/E ratio of 16.35 and a beta of 1.17. BOK Financial has a 1-year low of $71.04 and a 1-year high of $121.58.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.20. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The company had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 million. During the same period last year, the firm earned $2.04 EPS. Sell-side analysts predict that BOK Financial will post 8.08 EPS for the current year.

BOK Financial Increases Dividend

The company also recently announced 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. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, November 15th. BOK Financial’s dividend payout ratio is presently 31.36%.

Insider Buying and Selling at BOK Financial

In related news, Director Steven Bangert sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the sale, the director now owns 44,709 shares in the company, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 56.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BOK Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BOK Financial during the 2nd quarter worth approximately $39,000. Olistico Wealth LLC purchased a new position in BOK Financial during the second quarter worth about $46,000. KBC Group NV increased its position in shares of BOK Financial by 25.3% during the third quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after acquiring an additional 183 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of BOK Financial in the 3rd quarter valued at approximately $142,000. Finally, Point72 DIFC Ltd acquired a new position in shares of BOK Financial in the 2nd quarter worth approximately $143,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BOKF shares. Wells Fargo & Company raised their price objective on BOK Financial from $102.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. DA Davidson reduced their price target on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Wedbush reaffirmed a “neutral” rating and set a $115.00 target price on shares of BOK Financial in a research report on Tuesday, October 22nd. Stephens reduced their price target on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Finally, Truist Financial raised BOK Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $112.00 to $123.00 in a research report on Friday, September 20th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $112.20.

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.