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Investing.com - RBC Capital has raised its price target on BOK Financial (NASDAQ:BOKF) to $110.00 from $104.00 while maintaining a Sector Perform rating on the stock. According to InvestingPro data, BOKF currently trades at a P/E ratio of 12.65 and appears undervalued based on comprehensive Fair Value analysis.
The price target increase follows BOK Financial’s second-quarter results, which RBC described as "stable" with "decent loan growth, sequential improvement in fee income, stable expenses, and stronger credit supporting no provision." The $6.84 billion market cap company has demonstrated solid financial health, maintaining a 2.16% dividend yield and achieving 4.66% revenue growth over the last twelve months.
RBC noted that BOK Financial reiterated its 2025 outlook, which remains favorable with an expected strong core revenue growth rate and balanced contributions from loan growth, margin expansion, and higher fees.
Based on this outlook, RBC adjusted its 2025 earnings per share estimate for BOK Financial from $8.30 to $8.40 while maintaining its 2026 estimate of $9.15 per share.
The new price target of $110 represents a multiple of 13 times RBC’s 2025 earnings estimate, up from the previous multiple of approximately 12.5 times.
In other recent news, BOK Financial Corporation reported strong second-quarter earnings for 2025, surpassing analyst expectations. The company achieved earnings per share of $2.19, exceeding the forecasted $2.00, and reported revenue of $525.5 million, which was higher than the anticipated $520.8 million. These results were driven by stronger loan growth, net interest income growth, and higher core fee income. Notably, BOK Financial did not report any loan loss provision due to improvements in credit metrics. DA Davidson raised its price target for BOK Financial to $120, maintaining a Buy rating, citing the rebound in quarterly results from a weak first quarter. Raymond (NSE:RYMD) James also increased its price target to $115, maintaining an Outperform rating, following the bank’s robust second-quarter results. Both firms highlighted the company’s improved fee income and net interest margin expansion as key factors in their assessments. These developments reflect a positive outlook for BOK Financial among analysts.
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