Bank OZK Stock Fell Hard This Week: Is Now the Time to Buy?
Shares of Bank OZK (NASDAQ: OZK) plunged on Wednesday after a Wall Street analyst moved it to a sell on loan concerns. To some, the fall looked like a buying opportunity.
As of midday Thursday the stock was down 11.3% for the week, according to data provided by S&P Global Market Intelligence, as investors try to make sense of the warning and what it means for Bank OZK's long-term future.
Bank OZK operates from 228 branches spread across five Southeastern states, and provides commercial loans all over the U.S. It is the loan book that caught the eye of Citigroup analyst Benjamin Gerlinger, who downgraded the bank stock from buy to sell due to concerns about the health of some of the bank's biggest credits.
Source Fool.com
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