Bank of Hawaii: Funding Cost Pressure Continues To Ease [Seeking Alpha]
Bank OZK (OZK)
Last bank ozk earnings: 4/23 04:01 pm
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Source: Seeking Alpha
Mix-shift and increasing deposit costs should continue to moderate, with a modest tailwind from asset repricing leading to much more stable margins and net interest income going forward. These shares look quite rich at around 2x tangible book value, and lacking further catalysts from earnings and dividend growth, the near-term outlook looks quite soft. Bank of Hawaii ( NYSE: BOH ) was still very much in the grip of funding cost pressure when I last covered it in September, with additional headwinds from weak loan growth and its skew to relatively low-yield fixed-rate assets further pressuring revenue and earnings. Although regional banks are not off to the best start in 2024, BOH has nonetheless done well in the interim period, registering around 9ppt of outperformance versus peers as these headwinds continue to ease. Like its peer group, BOH faces particularly tough comps in the first half of the year as funding cost pressures had yet to fully work their way through the inco
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OZK
News
- Why Bank OZK (OZK) is a Top Dividend Stock for Your Portfolio [Yahoo! Finance]Yahoo! Finance
- Bank OZK: Strong Q1 Results Point To Further Upside [Seeking Alpha]Seeking Alpha
- Bank OZK (NASDAQ: OZK) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $48.00 price target on the stock.MarketBeat
- Oak Row Equities Officially Breaks Ground on 2600 Biscayne Boulevard in Miami's Desirable Edgewater Submarket [Yahoo! Finance]Yahoo! Finance
- Bank OZK (NASDAQ: OZK) had its price target raised by analysts at Keefe, Bruyette & Woods from $45.00 to $47.00. They now have a "market perform" rating on the stock.MarketBeat
OZK
Earnings
- 4/17/24 - Beat
OZK
Sec Filings
- 2/13/24 - Form SC
- 2/9/24 - Form SC
- 2/9/24 - Form SC
- OZK's page on the SEC website