2024-04-24 00:01:59 ET
Summary
- Bank OZK shares have recovered from last year's banking crisis, up 29%, but are still 10% below their recent high.
- 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 ( 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....
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Bank OZK: Strong Q1 Results Point To Further Upside