BOK Financial Co. (NASDAQ:BOKF - Get Free Report) was the recipient of a large decrease in short interest in 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. Based on an average trading volume of 139,500 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.2% of the company's stock are sold short.
BOK Financial Stock Performance
NASDAQ:BOKF traded down $2.60 during trading hours on Thursday, reaching $102.72. 160,202 shares of the stock were exchanged, compared to its average volume of 143,981. The stock has a market capitalization of $6.60 billion, a P/E ratio of 12.63 and a beta of 1.19. The firm has a 50 day simple moving average of $109.37 and a 200-day simple moving average of $109.22. 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 has a 52 week low of $85.02 and a 52 week high of $121.58.
BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. As a group, sell-side analysts forecast that BOK Financial will post 8.83 earnings per share for the current fiscal year.
BOK Financial Announces Dividend
The firm also recently declared 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 2.22%. The ex-dividend date was Wednesday, February 12th. BOK Financial's dividend payout ratio (DPR) is presently 28.04%.
Institutional Investors Weigh In On BOK Financial
Institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in BOK Financial in the fourth quarter valued at approximately $23,516,000. Freestone Grove Partners LP bought a new stake in shares of BOK Financial in the 4th quarter worth approximately $21,740,000. AQR Capital Management LLC boosted its position in BOK Financial by 80.0% during the 4th quarter. AQR Capital Management LLC now owns 414,548 shares of the bank's stock valued at $44,129,000 after purchasing an additional 184,261 shares during the period. Dimensional Fund Advisors LP grew its stake in BOK Financial by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank's stock worth $252,526,000 after buying an additional 98,588 shares during the last quarter. Finally, FIL Ltd acquired a new stake in BOK Financial in the fourth quarter worth $6,281,000. Institutional investors own 34.44% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Stephens dropped their price objective on shares of BOK Financial from $135.00 to $127.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Wells Fargo & Company upped their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 3rd. StockNews.com raised BOK Financial from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada increased 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. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $116.40.
Get Our Latest Analysis on BOK Financial
About BOK Financial
(
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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