Bank OZK: Strong Q1 Results Point To Further Upside [Seeking Alpha]
Bank OZK (OZK)
Last bank ozk earnings: 4/23 04:01 pm
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Source: Seeking Alpha
The company's most recent quarterly results show record earnings and strong deposit growth, making it a standout among regional banks. Despite concerns about its commercial real estate exposure, OZK's conservative underwriting standards and loan structuring make it a favorable investment opportunity. Shares of Bank OZK ( NASDAQ: OZK ) have recovered solidly from last year's banking crisis, up 29%. Still, they are more than 10% below their most recent high. Since recommending shares as a strong buy in February , OZK has returned 9% vs the 1% gain in the S&P 500. I had argued that fears over commercial real estate losses on OZK's balance sheet in the wake of New York Community Bancorp's ( NYCB ) turmoil were overdone. Based on its most recent quarterly results, I continue to feel this way. In the company's first quarter , Bank OZK earned $1.51, which beat estimates by . This was a record quarter for the company, with earnings up 7% from last year. Many regional banks are still st
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OZK
News
- 3 Dividend Champions For Long-Term Investors Seeking Dividend Growth And Safety [Seeking Alpha]Seeking Alpha
- Why Bank OZK (OZK) is a Top Dividend Stock for Your Portfolio [Yahoo! Finance]Yahoo! Finance
- 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