Bank OZK (NASDAQ:OZK) currently has a daily average trading volume of 2.23M but it saw 803975 shares traded on Thursday. With a market cap of 4.63B USD, stock’s current market price of $35.46 came falling about -0.48 while comparing to the previous closing price of $35.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $49.52 and as low as $30.72. In the recent trading on the day, stock has struck highest price mark of $35.73 while lowest mark touched by it was $34.855.
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Taking a look at 20-day trading activity of Bank OZK (OZK) gives us an average price of $33.84, while its current price level is -28.39% below from 52-week high level whereas it is 15.43% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $34.35 while that of 200 days or SMA-200 reads an average of $40.65. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.88% during that period while stretching the period over a month that increases to 4.46%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.54 which implies that the stock is in neutral territory.
Bank OZK (OZK)’s stock is currently under the radar of 9 analysts who are in consensus at a 12-month price target range of between $35.00 and $56.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $35.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $56.00. Average price target assigned by them is $41.63 which highlights an upside potential of 14.82% for the stock over that period. And to attain the median price target of $40.00 assigned by those analysts, stock has to add about 11.35% of value to its current levels.
Data by FactSet Research shows that 9 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 6 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, OZK’s stock price is moving -0.08% down while it is 4.36% when we observe its performance for the past one month. Year-to-date it is -11.48% down and over the past year, the stock is showing a downside performance of -8.54%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $1.41 beat the consensus estimate of $1.38 for the same. The company is expected to be releasing its next quarterly report in 07/20/2023, for which analysts forecasted an EPS of $1.45 while estimate for next year EPS is $5.65. For OZK, analysts are forecasting an EPS-growth rate of 24.40% for current year and estimate for EPS growth in next year is -3.20%. In next quarter, company is expected to be making quarterly sales of $376.21 million as analysts are expecting the sales for current fiscal year at $1.5 billion and seeing the company making $1.49 billion in sales next year. Moreover, analysts are in estimates of $376.2 million for current-quarter revenue.
Currently, Bank OZK’s total number of outstanding shares is 128.71M with 0.01% of that held by the insiders while 80.64% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 20.40% and return on equity (ROE) at 13.60%. It has a price to earnings ratio (P/E ratio) of 7.19 while having a 6.49 of forward P/E ratio. Stock’s beta reads 1.35. Stock has a price to book (P/B) ratio of 0.94 while price to sale or P/S ratio amounts to 3.19. Its return on asset (ROA) is 2.20% on average.
A filing at the U.S. Securities and Exchange Commission revealed that SPDR S&P Dividend ETF came shrinking its share ownership by -12.66% in the Bank OZK (OZK) decreasing its stake to 3.71% with control over -0.63 million shares in the company. As per SEC documents, SPDR S&P Dividend ETF sought 4,348,521 of company’s common stock of worth $155.33 million as per recent closing price of the stock. SPDR S&P Dividend ETF is not the only institutional holder which restructured its stake in Bank OZK, as Vanguard Total Stock Market ETF picked 3,447,920 shares of worth $123.16 million to bring its holdings to a total of 1128.0 shares. In the most recent quarter, iShares Core S&P Mid Cap ETF came rising its stake by 0.33% in the company and now holds 3.44 million or 2.93% of the company’s stake having worth of about 122.77 million.
