RBC Capital analyst Jon Arfstrom lowered the firm’s price target on BOK Financial to $95 from $104 and keeps a Sector Perform rating on the shares. The company’s Q1 results were consistent and showed manageable trends in deposit balances and margins, its credit quality remains very clean, and the 2023 outlook continues to be favorable and supports double-digit revenue growth, the analyst tells investors in a research note. RBC adds however that its reduced price target reflects the recent peer multiple contraction.
Published first on TheFly
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Read More on BOKF:
- BOK Financial reports Q1 EPS $2.43, consensus $2.31
- BOK Financial Corporation Reports Quarterly Earnings of $162 million or $2.43 Per Share in the First Quarter
- BOK Financial Corporation announces first quarter 2023 earnings conference call
- BOK Financial price target lowered to $95 from $105 at Truist
