Change isn’t coming. It is already here. Markets change. It is part of the natural order. Meanwhile, Bank OZK (OZK) is a regional bank that has been in my Rising Trends category that I have wanted to target, highlights Kelley Wright, editor of IQ Trends.
Yes, change is disruptive. When things are the way things are for a very long time, complacency sets in, and then the cage gets rattled and everyone wakes up. The bottom line is the markets will remain volatile until they figure out how to play the new game. This is what the markets do. Adapt and modify.
As for OZK, it was formerly known as Bank of the Ozarks and is a full-service, Arkansas state-chartered bank headquartered in Little Rock. It offers a comprehensive range of retail and commercial banking services across the US.
Bank OZK is particularly noted for its Real Estate Specialties Group (RESG), which focuses on complex real estate lending transactions across major US cities. The bank is active in numerous states, including Arkansas, Georgia, Florida, North Carolina, Texas, Alabama, South Carolina, New York, and California.
Bank OZK has pursued significant growth through a combination of organic expansion and strategic acquisitions, including both traditional and FDIC-assisted acquisitions. Its strategic focus involves both de novo branching, and acquisitions aimed at enhancing its geographical footprint and service offerings.
The ROIC, FCFY, and P/EBV are 14%, 6%, and 0.5 respectively. Economic Earnings are $2.55 versus $5.98 reported. The Economic Book Value is $76.31 per share.
Recommended Action: Buy OZK.
