Added to YB: 2024-07-22
Pitch date: 2024-07-19
OZK [bullish]
Bank OZK
+13.72%
current return
Author Info
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Company Info
Bank OZK operates as a full-service Arkansas state-chartered bank that provides retail and commercial banking services in the United States.
Market Cap
$5.0B
Pitch Price
$42.83
Price Target
N/A
Dividend
3.94%
EV/EBITDA
N/A
P/E
7.21
EV/Sales
N/A
Sector
Banks
Category
growth
Enterprising Investor Watchlist and Portfolio Updates: Bank OZK
OZK: Record Q2 earnings +3.3% YoY, EPS $1.52 ($3.03 YTD). ROA 1.92%, ROE 13.98%. Loans +21.5% YoY, deposits +24.9%. $200M buyback (4% mkt cap). MS downgrade on slow-leasing life science loan; CEO unconcerned, citing strong sponsor. Net charge-offs slight increase to $11.8M. Recent dip may be buying opportunity.
Read full article (1 min)