2024-03-18 15:06:48 ET
Summary
- Shares of Bank OZK have fallen around 15% so far this year as investors once again fret about real estate exposure.
- 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 (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....
Read the full article on Seeking Alpha
For further details see:
Bank OZK: Shares Look Cheap Amid Credit Quality Concerns