Bank OZK price target lowered to $50 from $57 at UBS

UBS lowered the firm’s price target on Bank OZK (OZK) to $50 from $57 and keeps a Neutral rating on the shares. Credit was mixed in the quarter for Bank OZK, and is likely the key factor weighing on the stock since Q3 results, though the ongoing diversification will come to the forefront over the next 15 months, which are shaping up as a meaningful transition period for the bank, the analyst tells investors in a research note.