BOK Financial Co. (NASDAQ:BOKF) Short Interest Down 18.8% in July

BOK Financial Co. (NASDAQ:BOKF) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 491,000 shares, a decrease of 18.8% from the June 30th total of 604,800 shares. Based on an average daily trading volume, of 150,100 shares, the short-interest ratio is presently 3.3 days. Approximately 1.9% of the company’s stock are short sold.

Insider Buying and Selling

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

Hedge Funds Weigh In On BOK Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in BOK Financial by 29.2% in the fourth quarter. SG Americas Securities LLC now owns 5,609 shares of the bank’s stock valued at $480,000 after acquiring an additional 1,266 shares during the period. Cambiar Investors LLC raised its stake in shares of BOK Financial by 3.5% during the 4th quarter. Cambiar Investors LLC now owns 130,781 shares of the bank’s stock worth $11,201,000 after buying an additional 4,433 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of BOK Financial by 26.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,059 shares of the bank’s stock worth $519,000 after buying an additional 1,271 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of BOK Financial by 0.8% during the 4th quarter. New York State Common Retirement Fund now owns 25,063 shares of the bank’s stock worth $2,147,000 after buying an additional 195 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of BOK Financial during the 4th quarter worth $41,000. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Stock Performance

Shares of BOKF traded up $0.06 during mid-day trading on Tuesday, reaching $104.25. 103,121 shares of the company’s stock were exchanged, compared to its average volume of 156,302. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $6.73 billion, a PE ratio of 15.20 and a beta of 1.19. The business’s fifty day simple moving average is $93.37 and its 200-day simple moving average is $89.47. BOK Financial has a 52-week low of $62.42 and a 52-week high of $107.97.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 10.04%. The firm had revenue of $871.84 million for the quarter, compared to analyst estimates of $520.43 million. During the same period last year, the firm posted $2.27 EPS. On average, equities research analysts expect that BOK Financial will post 7.83 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on BOKF. Raymond James restated an “outperform” rating and set a $105.00 target price (up from $103.00) on shares of BOK Financial in a research note on Thursday, April 25th. DA Davidson upped their target price on shares of BOK Financial from $97.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods increased their price target on shares of BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Stephens reiterated an “equal weight” rating and issued a $104.00 price target on shares of BOK Financial in a research note on Tuesday, July 23rd. Finally, Wells Fargo & Company increased their price target on shares of BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 10th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $108.00.

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.