Truist analyst Brandon King lowered the firm’s price target on BOK Financial to $105 from $111 and keeps a Hold rating on the shares as part of a broader research note updating estimates on Regional Banks. The analyst is forecasting accelerated deposit and funding cost pressure throughout 2023, which will likely pressure net interest margins over the next few quarters. The firm expects investors to gravitate toward bank stocks with conservative credit cultures, better deposit bases and more balance sheet liquidity.
Published first on TheFly
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Read More on BOKF:
- BOK Financial price target raised to $117 from $112 at RBC Capital
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- BOK Financial reports Q4 EPS $2.51, consensus $2.25
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