Pegasus Partners Ltd. lifted its position in BOK Financial Corporation (NASDAQ:BOKF) by 42.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,727 shares of the bank’s stock after purchasing an additional 16,129 shares during the quarter. BOK Financial accounts for 1.1% of Pegasus Partners Ltd.’s portfolio, making the stock its 22nd largest position. Pegasus Partners Ltd. owned about 0.08% of BOK Financial worth $4,786,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in BOK Financial in the third quarter valued at about $101,000. CIBC Asset Management Inc bought a new position in BOK Financial during the third quarter worth about $201,000. BNP Paribas Arbitrage SA lifted its holdings in shares of BOK Financial by 560.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,550 shares of the bank’s stock valued at $227,000 after purchasing an additional 2,164 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of BOK Financial by 56.1% during the 2nd quarter. D.A. Davidson & CO. now owns 3,079 shares of the bank’s stock valued at $259,000 after purchasing an additional 1,106 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of BOK Financial by 81.3% during the 1st quarter. UBS Group AG now owns 3,670 shares of the bank’s stock valued at $288,000 after purchasing an additional 1,646 shares in the last quarter. Institutional investors and hedge funds own 31.56% of the company’s stock.
A number of equities research analysts recently issued reports on BOKF shares. BidaskClub lowered BOK Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $89.00 price target on shares of BOK Financial in a research report on Thursday, October 19th. Zacks Investment Research downgraded BOK Financial from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Royal Bank Of Canada reiterated a “hold” rating and set a $92.00 target price on shares of BOK Financial in a research note on Friday, October 27th. Finally, ValuEngine upgraded BOK Financial from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. BOK Financial currently has an average rating of “Hold” and an average price target of $90.50.
BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.05). BOK Financial had a net margin of 19.31% and a return on equity of 9.15%. The company had revenue of $394.16 million during the quarter, compared to analyst estimates of $392.05 million. During the same period in the previous year, the company posted $1.13 EPS. equities analysts forecast that BOK Financial Corporation will post 5.35 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were paid a $0.45 dividend. The ex-dividend date was Friday, November 10th. This is an increase from BOK Financial’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 2.04%. BOK Financial’s dividend payout ratio is 37.74%.
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BOK Financial Company Profile
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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