DA Davidson has adjusted its price target for BOK Financial (BOKF, Financial), reducing it from $122 to $114, while maintaining a Buy rating on the stock. The decision comes after the company's first-quarter results revealed challenges in brokerage and trading activities, compounded by elevated loan paydowns, that diminished the impact of otherwise positive financial indicators.
BOK Financial experienced a solid expansion in net interest margins and witnessed good growth in fee-based income across various segments. Additionally, it maintained strong credit trends, factors that are typically favorable for the company's performance.
Despite these positives, the company's management has opted not to revise its forecasts for net interest income or total revenue, which is expected to grow in the mid-to-upper single digits. Analysts from DA Davidson express concerns over the feasibility of achieving these growth targets given the current market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for BOK Financial Corp (BOKF, Financial) is $113.30 with a high estimate of $123.00 and a low estimate of $100.00. The average target implies an upside of 23.19% from the current price of $91.97. More detailed estimate data can be found on the BOK Financial Corp (BOKF) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, BOK Financial Corp's (BOKF, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for BOK Financial Corp (BOKF, Financial) in one year is $114.73, suggesting a upside of 24.75% from the current price of $91.97. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the BOK Financial Corp (BOKF) Summary page.
