RBC Capital analyst Jon Arfstrom raised the firm’s price target on BOK Financial to $117 from $112 and keeps a Sector Perform rating on the shares. The company’s Q4 results were strong given favorable loan growth and margin dynamics, modestly higher fees, and a stable provision, the analyst tells investors in a research note. BOK’s 2023 outlook is also favorable, and suggests positive revenue growth and a relatively stable efficiency ratio, RBC Capital states.
Published first on TheFly
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Read More on BOKF:
- BOK Financial Corporation Reports Annual Earnings of $520 million or $7.68 Per Share and Quarterly Earnings of $168 million or $2.51 Per Share in the Fourth Quarter
- BOK Financial reports Q4 EPS $2.51, consensus $2.25
- BOK Financial adds new members to Diversity, Equity & Inclusion Council
- BOK Financial Corporation announces fourth quarter 2022 earnings conference call
- BOK Financial price target lowered to $111 from $113 at Truist
