Bank OZK (NASDAQ:OZK) finished Friday with a subtraction of -$0.27 to close at $40.06, a downside of -0.67 percent. An average of 599,140 shares of common stock have been traded in the last five days. There was a gain of $0.46 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 801,055 shares traded, while the 50-day average volume stands at 836,108.
OZK stock has decreased by -13.20% in the last month. The company shares reached their 1-month lowest point of $38.00 on 12/16/22. With the stock rallying to its 52-week high on 01/10/22, shares of the company touched a low of $34.79 and a high of $51.39 in 52 weeks. It has reached a new high 6 times so far this year and lost -13.91% or -$6.47 in price. In spite of this, the price is down -22.05% from the 52-week high.
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Bank OZK (OZK) has a trailing price-to-earnings (P/E) ratio of 9.17. The stock’s beta is 1.37. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.41, the price-to-book (PB) ratio at 1.13, and the price-to-cash flow ratio at 8.83.
The company has a payout ratio of 27.80%. The company’s most recent quarterly dividend payment was $0.33 a share, representing a up of 3.13% from $0.32 last year. Its latest increase dividend $0.01 reported on Monday October 3 2022.
Further, the company has a long term debt to equity ratio of 0.22 and a total debt to equity ratio of 0.22 for the quarter ending September 29. Its gross profit as reported stood at $989.72 million compared to revenue of $1.07 billion.
The analyst consensus anticipated Bank OZK’s latest quarter earnings to come in at $1.17 per share, but it turned out to be $1.08, a -7.70% surprise. At the end of the quarter ending September 29, Bank OZK’s stock balance sheet showed total debt was $924.66 million. Shareholders own equity worth $117.56 million.
From a technical analysis perspective, let’s take a brief look at Bank OZK (OZK) price momentum. RSI 9-day as of the close on 30 December was 42.10%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.66%.
As of today, OZK’s price is $40.03 +1.16% or $0.46 from its 5-day moving average. OZK is currently trading -12.34% lower than its 20-day SMA and -1.86% lower than its 100-day SMA. However, the stock’s current price level is -7.67% below the SMA50 and -11.35% below the SMA200.
The stochastic %K and %D were 39.71% and 39.50%, respectively, and the average true range (ATR) was 1.05. With the 14-day stochastic at 42.61% and the average true range at 1.12, the RSI (14) stands at 40.24%. The stock has reached 0.17 on the 9-day MACD Oscillator while the 14-day reading was at -0.11.
Morgan Stanley launched coverage on Bank OZK (NASDAQ: OZK) in its analyst report released on December 05, 2022. The firm assigned the stock an Equal-weight rating. The consensus rating for Bank OZK (OZK) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OZK, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is OZK’s price target for the next 12 months?
Analysts predict a range of price targets between $42.00 and $61.00, with a median target of $47.00. Taking a look at these predictions, the average price target given by analysts for Bank OZK (OZK) stock is $48.38.