Wells Fargo downgraded Bank OZK to Underweight from Equal Weight with a $41 price target. The set-up through 2025 looks “eerily familiar” to 2018/2019, when rate-hikes stopped, loan growth slowed, CRE uncertainty intensified, and shares traded down, the analyst tells investors in a research note.
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Read More on OZK:
- 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
- Bank OZK Announces Date for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
- Bank OZK price target raised by $17 at Truist, here’s why
- Bank OZK price target raised to $55 from $38 at Truist
