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Bank OZK (OZK) – Don’t Believe the Hype: Check The Facts

Bank OZK (NASDAQ: OZK) is -1.00% lower on its value in year-to-date trading and has touched a low of $36.76 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 $44.38 in the last trading session, with the day’s gains setting it 4.95%.

Currently trading at $49.33, the stock is 11.05% and 15.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.6 million and changing 11.15% at the moment leaves the stock 13.94% off its SMA200. OZK registered 25.78% gain for a year compared to 6-month loss of 4.29%. The firm has a 50-day simple moving average (SMA 50) of $42.7242 and a 200-day simple moving average (SMA200) of $43.29375.

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The stock witnessed a 19.18% gain in the last 1 month and extending the period to 3 months gives it a 19.36%, and is 10.58% 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 2.60% over the week and 2.90% over the month.

Bank OZK (OZK) has around 2744 employees, a market worth around $5.60B and $2.72B in sales. Current P/E ratio is 8.11 and Fwd P/E is 8.32. Profit margin for the company is 25.48%. Distance from 52-week low is 34.19% and -5.79% from its 52-week high. The company has generated returns on investments over the last 12 months (11.16%).

The EPS is expected to grow by 2.73% this year

588.0 institutions hold shares in Bank OZK (OZK), with institutional investors hold 92.26% of the company’s shares. The shares outstanding are 113.15M, and float is at 107.79M with Short Float at 15.57%. Institutions hold 92.25% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.83 million shares valued at $485.04 million. The investor’s holdings represent 10.4178 of the OZK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.99 million shares valued at $409.64 million to account for 8.7982 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 6.67 million shares representing 5.8738 and valued at over $273.47 million, while STATE STREET CORP holds 5.8311 of the shares totaling 6.62 million with a market value of $271.49 million.

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