A new trading day began on Tuesday, with Bank OZK (NASDAQ: OZK) stock price down -3.07% from the previous day of trading, before settling in for the closing price of $42.99. OZK’s price has ranged from $34.76 to $52.36 over the past 52 weeks.
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Annual sales at Financial sector company grew by 15.58% over the past five years. Meanwhile, its annual earnings per share averaged 2.71%. With a float of $107.79 million, this company’s outstanding shares have now reached $113.15 million.
Let’s look at the performance matrix of the company that is accounted for 2744 employees.
Bank OZK (OZK) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of Bank OZK is 4.98%, while institutional ownership is 89.59%.
Bank OZK (OZK) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.49 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.46 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.71% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.00% during the next five years compared to 12.64% growth over the previous five years of trading.
Bank OZK (NASDAQ: OZK) Trading Performance Indicators
Here are Bank OZK’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.82. Likewise, its price to free cash flow for the trailing twelve months is 5.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.02, a number that is poised to hit 1.54 in the next quarter and is forecasted to reach 6.07 in one year’s time.
Technical Analysis of Bank OZK (OZK)
Bank OZK (NASDAQ: OZK) saw its 5-day average volume 1.14 million, a negative change from its year-to-date volume of 1.27 million. As of the previous 9 days, the stock’s Stochastic %D was 45.25%. Additionally, its Average True Range was 1.29.
During the past 100 days, Bank OZK’s (OZK) raw stochastic average was set at 33.60%, which indicates a significant decrease from 48.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.56% in the past 14 days, which was lower than the 40.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.42, while its 200-day Moving Average is $43.96. Nevertheless, the first resistance level for the watch stands at $42.50 in the near term. At $43.34, the stock is likely to face the second major resistance level. The third major resistance level sits at $44.07. If the price goes on to break the first support level at $40.94, it is likely to go to the next support level at $40.21. The third support level lies at $39.37 if the price breaches the second support level.
Bank OZK (NASDAQ: OZK) Key Stats
With a market capitalization of 4.73 billion, the company has a total of 113,435K Shares Outstanding. Currently, annual sales are 2,251 M while annual income is 690,780 K. The company’s previous quarter sales were 696,620 K while its latest quarter income was 177,540 K.
