BOK Financial (BOKF) PT Raised to $150 at Raymond James

Raymond James analyst Michael Rose raised the price target on BOK Financial (NASDAQ: BOKF) to $150.00 (from $140.00) while maintaining a Outperform rating.

The analyst commented, "We are maintaining our Outperform rating on BOKF shares following 1Q26 results that exceeded our forecasts/ consensus on both a core EPS and PPNR basis. Moreover, its updated forward outlook was positively revised on the loan growth, fee income, and provision fronts while the range for NII was reduced. In turn, our EPS estimates move higher (detailed below) primarily reflecting higher NII vs. our prior model given stronger loan/ AEA growth vs. our prior model. To this end, and despite a confluence of factors that impacted the 1Q26 NIM (seasonal low point for DDA, day count, lower loan fees, SOFR compression, etc.), it expects NIM expansion from current levels with a longer-term outlook in the 3.15% range from ongoing fixed asset repricing and balance sheet growth. In turn, and despite BOKF shares YTD outperformance vs. peers/ the industry (+15.5% vs. peer average/ BANK of +7.8%/+8.3% through 4/20/26) and its premium valuation (~13x 2027E EPS/1.7x TBV vs. peer average of ~10x/1.6x), we continue to view riskreward positively given solid loan growth momentum, pristine credit trends, above-peer fee income contribution, and solid capital levels. Moreover, we view BOKF shares as a relative safe haven amidst a volatile macro/ geopolitical backdrop as outlined in our 1Q26 earnings preview."

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