Bank OZK (NASDAQ: OZK)
Hagens Berman Sobol Shapiro LLP alerts investors in Bank OZK (NASDAQ: OZK) to the December 26, 2018 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the Eastern District of Arkansas.
If you purchased or otherwise acquired shares of OZK between February 19, 2016 and October 18, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information, contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing OZK@hbsslaw.com.
On October 18, 2018, Bank OZK and management announced disappointing Q3 2018 financial results. One analyst reportedly said “[w]hile the company attributed the lack of benefit to lower LIBOR spreads, it is worth noting that it also received only a small benefit in Q2 when LIBOR was rising much faster than Fed funds.”
This news drove the price of Bank OZK shares down $9.22, or almost 27%, to close at $25.52 on October 19, 2018.
“We’re focused on investors’ losses, the extent to which management’s earlier statements about risks in the Company’s business may have been misleading, and the reasons management gave for the earnings miss,” said Hagens Berman partner Reed Kathrein.
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