BOK Financial升级，Prosperity Bancships在Truist降级

Truist Securities upgraded BOK Financial Corp. (NASDAQ:BOKF) to Buy from Hold on Friday as analyst Brandon King sees continued growth in net interest income, owing to the bank's "neutrally positioned balance sheet to interest rate moves."

That, in turn, leaves solid earnings upside over the next year, he wrote in a note to clients.

King also pointed to the lender's trading revenues, which he thinks will "become a positive tailwind over the next several quarters from improved [mortgage-backed securities] trading activity and potentially more hedging activity from the move in interest rates."

On the flip side, the analyst downgraded Prosperity Bancshares (NYSE:PB), another regional bank, to Hold from Buy on the view the stock is "close to fully valued," having climbed 9.6% this year and 32% Y/Y.

King noted the stock is trading at a 17% price-to-earnings premium valuation vs. peers, which is modestly above the five-year median of 15%. "Overall, the risk-return outlook for the stock is more balanced now," he said.

Seeking Alpha's Peer page compares various metrics of (PB) vs. (BOKF), from price returns to quant factor grades to valuation.

In premarket trading, (BOKF) gained 0.3%, while (PB) slipped 0.6%.