2024-05-30 12:19:44 ET
Summary
- Bank OZK stock has experienced a disconnect from its peers and a 10% drop after being downgraded by Citi.
- Concerns have been raised about two major loans, including a $915 million loan for a San Diego development project, which I inspect.
- The bank's track record and performance suggest that the downgrade may not be warranted, and the stock may be a good buying opportunity below $45.
Written by Sam Kovacs.
Bank OZK ( OZK ) is a financial institution which we have always liked a lot because of their unusual strategy: double down on real estate loans, which is their absolute specialty....
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Bank OZK Falls By Over 10% Due To Bad Loan Fears, What To Do Now?