Bank OZK (NASDAQ: OZK) has reported earnings for its fourth fiscal quarter (ending December 31) of $1.51 versus $1.35 for the same period a year ago — an increase of 12%. This result exceeded the consensus estimate of $1.49 by $0.02. For the latest four quarters through December 31, E.P.S. were $5.89 versus $4.55 for the same period a year ago — an increase of 29%.
Recent Price Action
Bank OZK (NASDAQ: OZK) stock rose modestly by 0.7% on 1/18/24. The stock closed at $45.82. Moreover, unusually high trading volume at 175% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -5.7% during the last week.
Current PriceTarget Research Rating
OZK is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Bank OZK has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Bank OZK has a good Appreciation Score of 77 and a very high Power Rating of 89, producing the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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