2 weeks Ago By Defense World Staff
BOK Financial Co. ( NASDAQ:BOKF – Get Free Report ) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 393,000 shares, a decrease of 14.
9% from the August 31st total of 462,000 shares. Currently, 1.5% of the shares of the company are sold short.
Based on an average trading volume of 153,300 shares, the days-to-cover ratio is presently 2.6 days. Hedge Funds Weigh In On BOK Financial Several institutional investors have recently modified their holdings of BOKF.
Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BOK Financial during the 2nd quarter valued at $39,000.
Covestor Ltd grew its stake in shares of BOK Financial by 361.8% during the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after buying an additional 369 shares during the last quarter.
Olistico Wealth LLC purchased a new position in shares of BOK Financial in the second quarter worth about $46,000. Bessemer Group Inc. bought a new stake in shares of BOK Financial in the 1st quarter valued at about $86,000.
Finally, Point72 DIFC Ltd purchased a new stake in BOK Financial during the 2nd quarter valued at about $143,000. 34.44% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades A number of brokerages recently issued reports on BOKF. DA Davidson boosted their price objective on BOK Financial from $97.00 to $111.
00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Truist Financial upgraded BOK Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $112.00 to $123.
00 in a research report on Friday, September 20th. Wedbush increased their price objective on BOK Financial from $94.00 to $115.
00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Hovde Group raised their target price on BOK Financial from $106.00 to $122.
00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Finally, StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, July 26th.
Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $109.
10. BOK Financial Price Performance Shares of BOKF stock traded up $0.16 during trading on Friday, hitting $104.
38. The company had a trading volume of 62,121 shares, compared to its average volume of 152,125. The stock’s 50-day moving average is $102.
22 and its two-hundred day moving average is $94.79. The stock has a market capitalization of $6.
73 billion, a price-to-earnings ratio of 15.22 and a beta of 1.18.
The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.
27. BOK Financial has a 52 week low of $62.42 and a 52 week high of $108.
01. BOK Financial ( NASDAQ:BOKF – Get Free Report ) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $2.
54 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.65.
BOK Financial had a net margin of 13.92% and a return on equity of 9.94%.
The firm had revenue of $871.84 million for the quarter, compared to analysts’ expectations of $520.43 million.
During the same quarter last year, the company posted $2.27 EPS. As a group, analysts predict that BOK Financial will post 7.
78 EPS for the current fiscal year. BOK Financial Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a $0.
55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.
11%. The ex-dividend date was Thursday, August 15th. BOK Financial’s payout ratio is currently 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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