In An Odd Twist, The Market Seems Relatively Calmer About Bank OZK's Credit Situation [Seeking Alpha]
Bank OZK (OZK)
Last bank ozk earnings: 4/23 04:01 pm
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Source: Seeking Alpha
SummaryBank of OZK posted a good pre-provision beat, but as with almost every other bank, that performance was dwarfed by reserve-building provision expense.Bank OZK's loan reserve position may look skimpy compared to other regional/super-regional banks, but I believe it's much more reasonable when you consider the differences in past loan loss experiences.This is a classic case of "past performance doesn't guarantee future results", but it's hard to envision an environment where Bank OZK's credit deteriorates to a peer level.Oddly enough, Bank OZK shares don't trade at as wide of a discount now as I'd have assumed, though they still do offer attractive long-term potential.I was positive onits last quarterly earnings reportSince then, the shares are down about 25%, which is hardly a performance to celebrate, but the stock has outperformed its peer group by about 10%, with most of that coming since earnings. In an odd twist, it seems like the Street is more comfortable with OZK’s reser
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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