As of Friday close, Bank OZK’s (NASDAQ:OZK) stock was down -$0.06, moving down -0.15 percent to $40.14. The average number of shares traded per day over the past five days has been 870,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.53 fall in that time frame. In the last twenty days, the average volume was 1,562,450, while in the previous 50 days, it was 1,530,002.
Since last month, OZK stock retreated -9.86%. Shares of the company fell to $39.55 on 08/18/23, the lowest level in the past month. A 52-week high of $49.52 was reached on 02/03/23 after having rallying from a 52-week low of $30.72. Since the beginning of this year, OZK’s stock price has risen by 0.20% or $0.08, and marked a new high 14 times. However, the stock has declined by -18.94% since its 52-week high.
Valuation Metrics
Right now, Bank OZK (OZK) has a P/E ratio of about 7.57. The stock’s beta is 1.42. Besides these, the trailing price-to-sales (P/S) ratio of 3.06, the price-to-book (PB) ratio of 1.06, and the price-to-cash flow ratio of 6.99 may also be considered.
The latest dividend of $0.36 per share was paid out, which is 2.86% more than last year’s $0.35. On Monday July 3 2023, a $0.01 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.11, and the total debt-to-equity ratio was 0.11. In the year ended June 29, operating margins totaled 68.00%. Based on annual data, OZK earned $1.14 billion in gross profit and brought in $1.27 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 20.40%. Return on equity (ROE) for the past 12 months was 12.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Bank OZK to report $1.42 quarterly earnings, the actual figure was $1.47 per share, beating the consensus estimate by 3.50%.
Technical Picture
This quick technical analysis looks at Bank OZK’s (OZK) price momentum. With a historical volatility rate of 12.24%, the RSI 9-day stood at 30.21% on 18 August.
With respect to its five-day moving average, the current Bank OZK price is down by -5.93% percent or -$2.53. At present, OZK shares trade -3.76% below its 20-day simple moving average and +15.98% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.56% below its SMA50 and -6.61% below its SMA200.
Stochastic coefficient K was 7.54% and Stochastic coefficient D was 6.98%, while ATR was 1.17. Given the Stochastic reading of 12.74% for the 14-day period, the RSI (14) reading has been calculated as 39.65%. As of today, the MACD Oscillator reading stands at -1.32, while the 14-day reading stands at -1.95.
Analyst Ratings
UBS upgraded its rating on Bank OZK (NASDAQ: OZK) to a Buy in a note to investors on March 15, 2023. The analysts firm previously had a Neutral rating on the stock.Bank OZK (OZK) has been rated Overweight by analysts. According to 0 brokerage firms, OZK is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Bank OZK stock as buy, with 3 recommending it as overweight.
With a median target price of $47.00, the current consensus forecast for the stock is $35.00 – $58.00. Based on these forecasts, analysts predict Bank OZK (OZK) will achieve an average price target of $45.38.
