Bank OZK (NASDAQ: OZK) is -11.20% lower on its value in year-to-date trading and has touched a low of $30.72 and a high of $52.36 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OZK stock was last observed hovering at around $44.18 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $44.25, the stock is 1.02% and 0.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 0.16% at the moment leaves the stock 5.36% off its SMA200. OZK registered 29.39% gain for a year compared to 6-month gain of 23.64%.
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The stock witnessed a 3.61% loss in the last 1 month and extending the period to 3 months gives it a -11.06%, and is 1.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.05% over the week and 2.47% over the month.
Bank OZK (OZK) has around 2744 employees, a market worth around $5.09B and $2.25B in sales. Current P/E ratio is 7.53 and Fwd P/E is 7.26. Profit margin for the company is 29.97%. Distance from 52-week low is 44.04% and -15.49% from its 52-week high. The company has generated returns on investments over the last 12 months (11.92%).
Bank OZK quarterly earnings per share for the current quarter are estimated at $1.46 with sales reaching $397.08M over the same period.The EPS is expected to grow by 0.18% this year, but quarterly earnings will post 5.80% year-over-year. Quarterly sales are estimated to grow 12.30% in year-over-year returns.
550 institutions hold shares in Bank OZK (OZK), with institutional investors hold 89.12% of the company’s shares. The shares outstanding are 113.15M, and float is at 107.89M with Short Float at 10.96%. Institutions hold 89.11% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 11.83 million shares valued at $475.15 million. The investor’s holdings represent 9.73% of the OZK Shares outstanding. As of Jun 29, 2023, the second largest holder is State Street Corporation with 10.52 million shares valued at $422.58 million to account for 8.65% of the shares outstanding. The other top investors are Blackrock Inc. which holds 10.21 million shares representing 8.40% and valued at over $410.07 million, while Wasatch Advisors LP holds 6.40% of the shares totaling 7.78 million with a market value of $312.64 million.
