Bank OZK (NASDAQ: OZK) has reported earnings for its third fiscal quarter (ending September 30) of $1.56 versus $1.50 for the same period a year ago — an increase of 4%. This result exceeded the consensus estimate of $1.54 by $0.02. E.P.S. were $6.11 for the latest four quarters through September 30 versus $5.74 for the same period a year ago — an increase of 6%.
Recent Price Action
On 10/17/24, Bank OZK (NASDAQ: OZK) stock enjoyed a large increase of 2.4%, closing at $46.76. Moreover, this advance was accompanied by exceptionally high trading volume at 205% of normal. Relative to the market the stock has been weak over the last nine months but has risen 11.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, OZK is expected to continue to be a Value Builder.
Bank OZK has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Bank OZK has a very high Appreciation Score of 92 but a neutral Power Rating of 44, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment