UBS downgraded Bank OZK to Neutral from Buy with a $53 price target. A combination of high variable rate loan exposure and reliance on CDs as the Fed starts to cut rates leaves the firm 5%-6% below consensus for NII in 2024-2025, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on OZK:
- Bank OZK price target lowered to $52 from $55 at Truist
- Bank OZK upgraded to Outperform from Market Perform at Raymond James
- Bank OZK downgraded to Underweight from Equal Weight at Wells Fargo
- Bank OZK boosts dividend 2.7% or 1c to 38c per share
- Bank OZK Announces Increase to Quarterly Common Stock Dividend and Announces Preferred Stock Dividend
