FMP
May 29, 2024 12:04 PM - Davit Kirakosyan
Bank OZK (NASDAQ:OZK) share fell more than 8% pre-market today after Citi analysts downgraded the company from Buy to Sell and lowered the price target from $57 to $37.
The analysts cited significant concerns about Bank OZK's largest individual loan, totaling $915 million, which includes a $135 million loan for the multi-use project "Echo Street West" in Atlanta, as well as general life science construction lending. These two loans represent 3.8% of the bank's non-purchased loans and are 8.1 times larger than the total allowance for credit losses (ACL) for construction loans.
Despite Bank OZK's strong track record in high-value commercial real estate projects with minimal losses, these newfound credit risks, combined with tightening capital levels, have led Citi to revise the valuation. The analysts weighed the bank's healthy pre-provision net revenue (PPNR) outlook against these credit concerns and determined that a share price of $37.00 is more appropriate, resulting in the downgrade to Sell.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...