Latest news with #BankOZK
Business Journals
30-05-2025
- Business
- Business Journals
Bank OZK launches Houston energy group, opens branches
Preview this article 1 min Bank OZK added a new Houston-based energy group and recently opened two local branches.
Yahoo
20-05-2025
- Business
- Yahoo
Bank OZK (OZK) Reports Q1 Earnings: What Key Metrics Have to Say
Bank OZK (OZK) reported $409.23 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 0.8%. EPS of $1.47 for the same period compares to $1.51 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $398.81 million, representing a surprise of +2.61%. The company delivered an EPS surprise of +3.52%, with the consensus EPS estimate being $1.42. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Bank OZK performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio: 35.6% versus 36.2% estimated by five analysts on average. Net interest margin: 4.3% versus 4.2% estimated by five analysts on average. Net charge-offs to average total loans: 0.3% versus the four-analyst average estimate of 0.3%. Total Average Interest-Earning Assets (FTE): $35.60 billion versus the four-analyst average estimate of $35.32 billion. Total Non-performing loans: $62.72 million versus the three-analyst average estimate of $119.73 million. Tier 1 risk-based capital Ratio: 12.1% compared to the 11.8% average estimate based on two analysts. Total risk-based capital Ratio: 14.4% versus 14.2% estimated by two analysts on average. Total Nonperforming Assets: $214.04 million versus the two-analyst average estimate of $205.01 million. Tier 1 leverage Ratio: 13.9% versus 13.6% estimated by two analysts on average. Total Non-Interest Income: $34.72 million versus the five-analyst average estimate of $30.62 million. Net Interest Income (FTE): $378.09 million versus the four-analyst average estimate of $372.36 million. Net Interest Income: $374.51 million versus the four-analyst average estimate of $368.42 million. View all Key Company Metrics for Bank OZK here>>>Shares of Bank OZK have returned +12.7% over the past month versus the Zacks S&P 500 composite's +13.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bank OZK (OZK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Bank OZK (OZK): Among Cheap Rising Stocks to Buy Right Now
We recently published a list of the 10 Cheap Rising Stocks to Buy Right Now. In this article, we will look at where Bank OZK (NASDAQ:OZK) stands against other cheap rising stocks in which to invest. On May 2, US stocks notched their longest winning streak since 2004 as the United States and China signaled a willingness to have trade talks. The broad market index rose 1.47%, which helped it erase the losses since the Trump administration announced reciprocal tariffs on April 2. READ ALSO: ChatGPT Stock Advice: Top 12 Stock Recommendations and 11 Worst Performing Stocks in S&P 500 So Far in 2025. Trump told Time magazine on April 22 that his administration was engaged with China on striking a tariff deal. The US president also said he expects announcements on many other trade deals to be made over the next three to four weeks. During an interview with NBC on May 2, the US President stated that tariffs on Chinese imports will eventually be lowered: At some point, I'm going to lower them because otherwise, you could never do business with them. They want to do business very much … their economy is collapsing.' Jay Hatfield, founder and chief investment officer of InfraCap, believes the worst of the uncertainty around tariffs is over. He shared the following remarks while talking to CNBC: 'The confusion about whether there's really talks going on with China or not took some steam out of the market. Our view is that we've reached peak tariff tantrum and so it's likely to be more positive than negative.' A spokesperson for China's Commerce Ministry has said the country is currently assessing proposals shared by Washington to begin trade negotiations. Analysts view the statement as a subtle shift in tone from Beijing that could potentially open the door for talks on tariffs. The stock market has also received a boost from the latest jobs data shared by the Bureau of Labor Statistics. The American economy added 177,000 new jobs in April. While this was slightly down from 185,000 jobs in March, the gain was still stronger than the average pace of monthly job growth in the last three months, which reflected the resilience of the US job market. An iconic skyline of a major city, the towering buildings display the strength of the company's regional banking success. For this article, we sifted through screeners to identify stocks with returns of 10% or more over the past 30 days, a forward P/E ratio of less than 15, a trailing P/E ratio of less than 15, and a P/B ratio of under 1. From there, we picked the 10 stocks with the lowest forward P/E ratio and ranked them in descending order. All data is as of the close of business on May 5, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). 30-day returns: 15.56% Forward P/E ratio: 7.48 Bank OZK (NASDAQ:OZK) is a regional bank with operations in more than 240 offices across nine states. The company delivers various innovative financial solutions to clients, including savings, checking, loans, mortgages, treasury management, credit cards, merchant services, trust and estate services, and more. During its recent earnings call on April 16, Bank OZK (NASDAQ:OZK) reported a net income of $167.9 million for the first quarter of fiscal 2025, decreasing 2.1% compared to the prior year's period. Diluted earnings per share were posted at $1.47. While this was also down 2.6% year-over-year, the figure beat analysts' estimates by 5 cents, representing an earnings surprise of 3.52%. Bank OZK (NASDAQ:OZK) has surpassed analysts' EPS consensus in the last four quarters. In Q4 2024, the company produced earnings of $1.56 per share, against forecasts of $1.45 per share. The stock has surged since the latest earnings call, enabling OZK to have monthly returns of over 15%, making it one of the cheap rising stocks to buy right now. However, Stephens & Co., on April 21, cut Bank OZK (NASDAQ:OZK)'s price target from $59 to $54 per share, as the bank's guidance for fiscal 2025 largely remained unchanged. Overall, Wall Street analysts have a consensus Hold rating for the stock, with an average share price upside potential of 12.4%. Overall, OZK ranks 9th among the cheap rising stocks to buy right now. While we acknowledge the potential of OZK as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than OZK but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
12-05-2025
- Business
- Yahoo
Swath of Lincoln Yards site, still mostly empty 6 years after winning City Council approval, could be sold
The long-stalled Lincoln Yards megadevelopment could soon find a new owner as Chicago's JDL Development looks to close a deal to buy a large swath of the North Side site. The company is assessing the feasibility of buying the 53-acre site's northern half, which developer Sterling Bay surrendered to lender Bank OZK earlier this year, according to a source familiar with the potential deal. JDL has stayed mum about the possible sale and what it might do with the empty plot of land along the North Branch of the Chicago River north of Cortland Street. What sort of changes JDL may need from Sterling Bay's original redevelopment agreement with the city, and any new zoning approvals it may need, are not clear. JDL, founded by CEO Jim Letchinger in 1993, has forged a reputation as a leading residential builder. It developed the Gold Coast's No. 9 Walton luxury condominium building and more recently completed the 2.2 million square-foot One Chicago in River North. Its work continues nearby on the North Union development, which will have up to 12 buildings and 3.5 million square feet of space. 'JDL really understands that specific submarket, and the type of buildings developed by JDL will fit well within the neighborhood,' said Mike Senner, vice chairman of Colliers, a commercial real estate firm. Bank OZK confirmed in a statement that it entered into a contract to sell the land earlier this month, but did not confirm the buyer. The deal marks a turning point for Sterling Bay's high-profile, almost entirely unrealized decade-long bid to develop the land. The company originally had a sweeping vision for the sprawling parcel: a $6 billion, 14.5 million square foot campus featuring a fleet of buildings towering up to 600 feet, 6,000 new residential units and added commuter infrastructure. That vision was buttressed by the promise of staggering city subsidies. Emanuel and the City Council approved in 2019 a tax increment financing district, which could have reimbursed Sterling Bay for up to nearly $500 million in road, bridge and riverfront improvements the developer would have needed to pay for up front. But the big dreams have been backed up by little construction. Six years after the development won City Council approval, only one building has been completed. And a slowdown in the life sciences industry left that eight-story structure with nearly 300,000 square feet of lab space empty since its 2023 completion. Sterling Bay faced many other obstacles. The pandemic gutted demand for the envisioned office buildings, and rising interest rates scared off potential investors. Company officials also complained the administration of former Mayor Lori Lightfoot slowed down financing approval. Those troubles forced Sterling Bay to surrender the northern portion of its land in March to its lender, Bank OZK, a transfer made in lieu of foreclosure, Crain's Chicago Business reported. A Sterling Bay spokesperson said the company still controls the southern half of Lincoln Yards, and that portion is not part of JDL's potential deal. 'A sale really isn't a surprise,' said Jonathan Snyder, executive director of North Branch Works a nonprofit that promotes economic development along the north branch of the Chicago River. 'The site's been empty for years, and there's been nothing going on. They have no tenants.' 'We genuinely wanted to see the area support job growth,' he added. 'At the time, the life sciences building was a good idea: money was allocated by the federal government to fight the COVID pandemic, but once vaccines were created, the funding slowed, and pharmaceutical companies stopped their rapid expansion.' The sale could be a way to finally kick-start development at the site, once partly occupied by A. Finkl & Sons Steel, a now-demolished steel mill that relocated to the Far South Side in 2014. But progress depends on JDL having the ability to finance and execute a plan. 'That would be huge,' said Dominic Soltero, vice president with CBRE, who has marketed properties near Lincoln Yards. 'It would mean it's getting some fresh love, and we need something to happen over there.' The sale could force JDL to win new approval from City Hall for its own yet-to-be-revealed plans, placing power to shape the development in the hands of Ald. Scott Waguespack, 32nd, and Mayor Johnson. Johnson's administration is signaling that it is time to reimagine the long-anticipated Lincoln Yards plan. Before news of the sale broke, Planning and Development Commissioner Ciere Boatright told the Sun-Times the plans are in need of a 'hard reset.' 'Do I think there's still opportunity for projects to advance on that site? Yes,' Boatright said. 'It's a great site with great opportunity. Do I think it'll be that much office? Absolutely not. Do I think it's appropriate to readjust the development plan? Absolutely.' Waguespack has opposed another Sterling Bay development on land adjacent to the Lincoln Yards property. The company's $340 million plan to build a pair of 16- and 21-story skyscrapers would be out of scale compared with the surrounding neighborhood, he said in a December statement. If the sale of Lincoln Yards' northern half does go through, the surrounding community needs to be involved in planning for what comes next, said Allan Mellis, who has lived in the Wrightwood area near Lincoln Park for more than 50 years. 'The alderman would need to call a community meeting because things have changed a lot,' he said. 'It would be a whole new ballgame.'
Chicago Tribune
12-05-2025
- Business
- Chicago Tribune
Swath of Lincoln Yards site, still mostly empty 6 years after winning City Council approval, could be sold
The long-stalled Lincoln Yards megadevelopment could soon find a new owner as Chicago's JDL Development looks to close a deal to buy a large swath of the North Side site. The company is assessing the feasibility of buying the 53-acre site's northern half, which developer Sterling Bay surrendered to lender Bank OZK earlier this year, according to a source familiar with the potential deal. JDL has stayed mum about the possible sale and what it might do with the empty plot of land along the North Branch of the Chicago River north of Cortland Street. What sort of changes JDL may need from Sterling Bay's original redevelopment agreement with the city, and any new zoning approvals it may need, are not clear. JDL, founded by CEO Jim Letchinger in 1993, has forged a reputation as a leading residential builder. It developed the Gold Coast's No. 9 Walton luxury condominium building and more recently completed the 2.2 million square-foot One Chicago in River North. Its work continues nearby on the North Union development, which will have up to 12 buildings and 3.5 million square feet of space. 'JDL really understands that specific submarket, and the type of buildings developed by JDL will fit well within the neighborhood,' said Mike Senner, vice chairman of Colliers, a commercial real estate firm. Bank OZK confirmed in a statement that it entered into a contract to sell the land earlier this month, but did not confirm the buyer. The deal marks a turning point for Sterling Bay's high-profile, almost entirely unrealized decade-long bid to develop the land. The company originally had a sweeping vision for the sprawling parcel: a $6 billion, 14.5 million square foot campus featuring a fleet of buildings towering up to 600 feet, 6,000 new residential units and added commuter infrastructure. That vision was buttressed by the promise of staggering city subsidies. Emanuel and the City Council approved in 2019 a tax increment financing district, which could have reimbursed Sterling Bay for up to nearly $500 million in road, bridge and riverfront improvements the developer would have needed to pay for up front. But the big dreams have been backed up by little construction. Six years after the development won City Council approval, only one building has been completed. And a slowdown in the life sciences industry left that eight-story structure with nearly 300,000 square feet of lab space empty since its 2023 completion. Sterling Bay faced many other obstacles. The pandemic gutted demand for the envisioned office buildings, and rising interest rates scared off potential investors. Company officials also complained the administration of former Mayor Lori Lightfoot slowed down financing approval. Those troubles forced Sterling Bay to surrender the northern portion of its land in March to its lender, Bank OZK, a transfer made in lieu of foreclosure, Crain's Chicago Business reported. A Sterling Bay spokesperson said the company still controls the southern half of Lincoln Yards, and that portion is not part of JDL's potential deal. 'A sale really isn't a surprise,' said Jonathan Snyder, executive director of North Branch Works a nonprofit that promotes economic development along the north branch of the Chicago River. 'The site's been empty for years, and there's been nothing going on. They have no tenants.' 'We genuinely wanted to see the area support job growth,' he added. 'At the time, the life sciences building was a good idea: money was allocated by the federal government to fight the COVID pandemic, but once vaccines were created, the funding slowed, and pharmaceutical companies stopped their rapid expansion.' The sale could be a way to finally kick-start development at the site, once partly occupied by A. Finkl & Sons Steel, a now-demolished steel mill that relocated to the Far South Side in 2014. But progress depends on JDL having the ability to finance and execute a plan. 'That would be huge,' said Dominic Soltero, vice president with CBRE, who has marketed properties near Lincoln Yards. 'It would mean it's getting some fresh love, and we need something to happen over there.' The sale could force JDL to win new approval from City Hall for its own yet-to-be-revealed plans, placing power to shape the development in the hands of Ald. Scott Waguespack, 32nd, and Mayor Johnson. Johnson's administration is signaling that it is time to reimagine the long-anticipated Lincoln Yards plan. Before news of the sale broke, Planning and Development Commissioner Ciere Boatright told the Sun-Times the plans are in need of a 'hard reset.' 'Do I think there's still opportunity for projects to advance on that site? Yes,' Boatright said. 'It's a great site with great opportunity. Do I think it'll be that much office? Absolutely not. Do I think it's appropriate to readjust the development plan? Absolutely.' Waguespack has opposed another Sterling Bay development on land adjacent to the Lincoln Yards property. The company's $340 million plan to build a pair of 16- and 21-story skyscrapers would be out of scale compared with the surrounding neighborhood, he said in a December statement. If the sale of Lincoln Yards' northern half does go through, the surrounding community needs to be involved in planning for what comes next, said Allan Mellis, who has lived in the Wrightwood area near Lincoln Park for more than 50 years. 'The alderman would need to call a community meeting because things have changed a lot,' he said. 'It would be a whole new ballgame.'
