Short Interest Coverage: Could Bok Financial Corporation (NASDAQ:BOKF) See a Reversal After More Sellers Came In?

November 28, 2016 - By Darrin Black   ·   0 Comments

Short Interest Coverage: Could Bok Financial Corporation (NASDAQ:BOKF) See a Reversal After More Sellers Came In?

The stock of Bok Financial Corporation (NASDAQ:BOKF) registered an increase of 3.02% in short interest. BOKF’s total short interest was 2.99M shares in November as published by FINRA. Its up 3.02% from 2.90M shares, reported previously. With 174,500 shares average volume, it will take short sellers 17 days to cover their BOKF’s short positions. The short interest to Bok Financial Corporation’s float is 11.81%. The stock decreased 0.78% or $0.64 on November 25, hitting $81.57. BOK Financial Corporation (NASDAQ:BOKF) has risen 35.00% since April 25, 2016 and is uptrending. It has outperformed by 28.99% the S&P500.

BOK Financial Corporation is a financial holding company. The company has a market cap of $5.33 billion. The Firm offers full service banking in Oklahoma, Texas, New Mexico, Colorado, Arizona and Kansas/Missouri. It has a 22.35 P/E ratio. The Company’s divisions include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.

Insitutional Activity: The institutional sentiment increased to 0.97 in 2016 Q2. Its up 0.36, from 0.61 in 2016Q1. The ratio increased, as 18 funds sold all BOK Financial Corporation shares owned while 62 reduced positions. 11 funds bought stakes while 38 increased positions. They now own 23.61 million shares or 7.83% less from 25.61 million shares in 2016Q1.
The Minnesota-based Ameriprise Fincl has invested 0% in BOK Financial Corporation (NASDAQ:BOKF). Blackrock Group Incorporated Limited accumulated 0% or 13,023 shares. Moreover, Ironwood Inv Counsel Ltd Limited Liability Company has 0.44% invested in BOK Financial Corporation (NASDAQ:BOKF) for 11,957 shares. Nationwide Fund Advsrs, a Pennsylvania-based fund reported 23,565 shares. Sei Invests Co last reported 0% of its portfolio in the stock. Susquehanna Group Limited Liability Partnership has invested 0% of its portfolio in BOK Financial Corporation (NASDAQ:BOKF). Bnp Paribas Arbitrage Sa owns 2,246 shares or 0% of their US portfolio. Regions Financial reported 5,343 shares or 0% of all its holdings. California Pub Employees Retirement has invested 0.01% of its portfolio in BOK Financial Corporation (NASDAQ:BOKF). Deutsche Bank & Trust Ag owns 26,398 shares or 0% of their US portfolio. Morgan Stanley accumulated 41,275 shares or 0% of the stock. Wells Fargo And Co Mn has invested 0% of its portfolio in BOK Financial Corporation (NASDAQ:BOKF). Enterprise Financial reported 18 shares or 0% of all its holdings. Raymond James And Assocs holds 0.01% of its portfolio in BOK Financial Corporation (NASDAQ:BOKF) for 31,541 shares. Ubs Asset Americas, a Illinois-based fund reported 16,024 shares.

Insider Transactions: Since August 17, 2016, the stock had 0 buys, and 5 insider sales for $950,424 net activity. 1,000 shares with value of $67,165 were sold by Grauer Scott on Friday, August 19. $121,013 worth of BOK Financial Corporation (NASDAQ:BOKF) shares were sold by BALL C FRED JR. $616,844 worth of shares were sold by NELL STEVEN E on Thursday, November 10.

BOK Financial Corporation (NASDAQ:BOKF) Ratings Coverage

Out of 11 analysts covering BOK Financial (NASDAQ:BOKF), 3 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 27% are positive. BOK Financial has been the topic of 24 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of BOK Financial Corporation (NASDAQ:BOKF) earned “Sector Perform” rating by RBC Capital Markets on Thursday, July 30. The stock has “Buy” rating given by Zacks on Friday, August 21. As per Wednesday, January 13, the company rating was downgraded by Macquarie Research. The firm earned “Outperform” rating on Monday, May 9 by Raymond James. The stock has “Neutral” rating given by Macquarie Research on Thursday, October 27. Suntrust Robinson downgraded BOK Financial Corporation (NASDAQ:BOKF) rating on Tuesday, August 25. Suntrust Robinson has “Neutral” rating and $62 price target. On Thursday, September 3 the stock rating was upgraded by Zacks to “Buy”. The company was downgraded on Friday, August 28 by Zacks. Wells Fargo initiated the shares of BOKF in a report on Monday, December 21 with “Market Perform” rating. The stock of BOK Financial Corporation (NASDAQ:BOKF) has “Neutral” rating given on Friday, October 7 by Wedbush.

BOKF Company Profile

BOK Financial Corporation, incorporated on October 24, 1990, is a financial holding company. The Firm offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s divisions include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other. The Commercial Banking segment includes lending, treasury and cash management services, and customer risk management products for small businesses, middle market and commercial customers. The Commercial Banking segment also includes the TransFund Electronic Funds Network. The Consumer Banking segment includes retail lending and deposit services, lending and deposit services to small business clients served through the retail branch network and all mortgage banking activities. The Wealth Management segment provides fiduciary services, private bank services and investment advisory services in all markets. The Company’s Wealth Management segment also underwrites state and municipal securities and engages in brokerage and trading activities.

More recent BOK Financial Corporation (NASDAQ:BOKF) news were published by: Streetinsider.com which released: “Bok Financial Corp (BOKF) Clears Final Regulatory Hurdles to Acquire MBT …” on November 16, 2016. Also Globenewswire.com published the news titled: “BOK Financial Corporation Announces Results of Annual Dodd-Frank Act Stress Test” on October 20, 2016. Newsok.com‘s news article titled: “Bond offers earn BOKF regulatory $1.6M fine” with publication date: September 10, 2016 was also an interesting one.

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By Darrin Black


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