Short Interest in BOK Financial Co. (NASDAQ:BOKF) Declines By 28.9%

BOK Financial Co. (NASDAQ:BOKF) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 305,300 shares, a decrease of 28.9% from the January 31st total of 429,500 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 139,500 shares, the days-to-cover ratio is presently 2.2 days.

Analyst Ratings Changes

BOKF has been the topic of several research analyst reports. StockNews.com upgraded shares of BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Stephens decreased their target price on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Royal Bank of Canada upped their price target on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Wells Fargo & Company raised their price objective on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $116.40.

Institutional Investors Weigh In On BOK Financial

A number of large investors have recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its stake in BOK Financial by 33.8% in the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock worth $42,000 after purchasing an additional 100 shares in the last quarter. CIBC Asset Management Inc lifted its position in BOK Financial by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank’s stock worth $217,000 after buying an additional 107 shares in the last quarter. True Wealth Design LLC lifted its position in BOK Financial by 66.9% during the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank’s stock worth $30,000 after buying an additional 113 shares in the last quarter. US Bancorp DE grew its holdings in BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock worth $116,000 after acquiring an additional 121 shares during the last quarter. Finally, Tidal Investments LLC increased its position in BOK Financial by 1.7% in the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock valued at $933,000 after acquiring an additional 147 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors.

BOK Financial Price Performance

NASDAQ:BOKF traded down $0.13 during trading hours on Monday, reaching $108.83. The company had a trading volume of 91,238 shares, compared to its average volume of 128,360. The firm has a market capitalization of $6.99 billion, a PE ratio of 13.38 and a beta of 1.19. The stock has a 50-day moving average of $109.56 and a two-hundred day moving average of $109.14. BOK Financial has a one year low of $84.52 and a one year high of $121.58. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. Analysts forecast that BOK Financial will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Wednesday, February 12th. BOK Financial’s payout ratio is currently 28.04%.

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.