As previously reported, Raymond James upgraded BOK Financial to Outperform from Market Perform and established a $110 price target. Following recent investor meetings, analyst Michael Rose has increased confidence in its ability to meet/exceed cost savings projections from the CoBiz Financial, upside potential to its high single-digit 2018 loan growth outlook, comfort with achieving its 60% efficiency ratio before 2020, asset sensitivity, and now views risk/reward positively following recent underperformance.

Truist analyst Brandon King lowered the firm's price target on BOK Financial to $97 from $99 and keeps a Hold rating on the shares as part of a broader research note recapping Q1 earnings among Community and Regional Banks. The firm's updated model for Fed funds rate forecast calls for zero cuts in 2024 and four 25bps cuts in 2025 from three in 2023 and 2024 previously, the analyst tells investors in a research note. Truist is also revising its FY24 and FY25 EPS on the bank to $7.40 and $8.07 from $7.20 and $7.84, with estimate revisions reflecting higher net interest income and lower provisioning offset partially by lower fees in 2025.