Bank OZK: Shares Look Cheap Amid Credit Quality Concerns [Seeking Alpha]
Bank OZK (OZK)
Last bank ozk earnings: 4/23 04:01 pm
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Source: Seeking Alpha
The bank's strong underwriting record has powered impressive shareholder returns and profitability through multiple economic cycles. Despite the market's wider concerns, there is little evidence to suggest a meaningful deterioration in credit quality here just yet. Bank OZK stock trades for just 1.1x tangible book value per share, pointing to meaningful undervaluation given the bank's historical earnings power. Shares of Bank OZK NASDAQ: OZK ) have got off to a slow start to 2024, underperforming the wider regional bank space as concerns surrounding commercial real estate ("CRE") exposure once again pick up. OZK followers know the deal here. For those that don't, this bank is basically the one that appears right at the top of any screen for real estate exposure. Of the $26.5 billion in loans it reported at the end of 2023, circa $4.6 billion was in non-owner occupied CRE, while a meaty $11.6 billion was in construction and land development. Relative to the bank's tangible equ
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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