Short Interest in BOK Financial Co. (NASDAQ:BOKF) Increases By 52.2%

BOK Financial Co. (NASDAQ:BOKF - Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 733,200 shares, an increase of 52.2% from the April 30th total of 481,600 shares. Currently, 2.9% of the shares of the stock are short sold. Based on an average trading volume of 190,400 shares, the short-interest ratio is currently 3.9 days.

BOK Financial Trading Down 1.7%

BOKF traded down $1.60 during trading on Wednesday, reaching $93.86. 90,435 shares of the company's stock were exchanged, compared to its average volume of 162,261. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. BOK Financial has a one year low of $85.08 and a one year high of $121.58. The firm has a fifty day moving average price of $93.96 and a two-hundred day moving average price of $104.47. The stock has a market capitalization of $6.03 billion, a PE ratio of 11.54 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). The business had revenue of $500.37 million for the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. As a group, equities research analysts forecast that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th were paid a $0.57 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.43%. BOK Financial's payout ratio is 26.21%.

Hedge Funds Weigh In On BOK Financial

A number of hedge funds have recently made changes to their positions in the stock. Strs Ohio acquired a new stake in BOK Financial during the 1st quarter valued at approximately $1,915,000. Acadian Asset Management LLC bought a new stake in shares of BOK Financial in the 1st quarter valued at $159,000. Jane Street Group LLC increased its position in shares of BOK Financial by 344.0% during the first quarter. Jane Street Group LLC now owns 20,326 shares of the bank's stock worth $2,117,000 after buying an additional 15,748 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in BOK Financial by 14.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,171 shares of the bank's stock worth $9,391,000 after buying an additional 11,057 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in BOK Financial by 6.4% in the first quarter. Millennium Management LLC now owns 268,887 shares of the bank's stock valued at $28,005,000 after buying an additional 16,108 shares during the period. 34.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on BOKF shares. Barclays decreased their price objective on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group initiated coverage on BOK Financial in a research note on Wednesday, May 21st. They set a "hold" rating and a $105.00 target price for the company. Royal Bank of Canada dropped their target price on shares of BOK Financial from $119.00 to $104.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Hovde Group decreased their price target on shares of BOK Financial from $122.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Raymond James set a $105.00 price objective on shares of BOK Financial in a research report on Tuesday, April 22nd. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $111.00.

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.