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Investing.com - DA Davidson has raised its price target on BOK Financial (NASDAQ:BOKF) to $120.00 from $114.00 while maintaining a Buy rating on the stock. According to InvestingPro data, the stock currently trades at an attractive P/E ratio of 12.8x and appears undervalued based on its Fair Value analysis.
The firm cited BOK Financial’s quarterly results rebounding from a weak first quarter, driven by stronger fee income, period-end loan growth, and continued net interest margin expansion.
BOK Financial maintained its revenue guidance, with DA Davidson now believing the company can achieve the lower end of its projected range. Previously, the firm’s estimates had fallen below the low end of the guidance.
The efficiency ratio for BOK Financial improved to 65.4%, compared to 68.3% in the first quarter of 2025. Management expects further improvement as revenue growth accelerates in the second half of 2025.
Expenses are now expected to come in at the low end of mid-single digit growth, contributing to the firm’s positive outlook on the stock.
In other recent news, BOK Financial reported impressive second-quarter earnings for 2025, exceeding analyst expectations. The company achieved earnings per share of $2.19, surpassing the forecast of $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, increased net interest income, and higher core fee income. Additionally, BOK Financial reported no loan loss provision due to improvements in credit metrics. Raymond (NSE:RYMD) James responded to these results by raising its price target for BOK Financial to $115 from $105, maintaining an Outperform rating. These developments highlight the bank’s robust financial performance and positive market outlook.
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