Bank OZK (NASDAQ: OZK) has reported earnings for its second fiscal quarter (ending June 30) of $1.53 versus $1.47 for the same period a year ago — an increase of 4%. This result exceeded the consensus estimate of $1.52 by $0.00. For the latest four quarters through June 30, E.P.S. were $6.05 versus $5.32 for the same period a year ago — an increase of 14%.
Recent Price Action
Bank OZK (NASDAQ: OZK) stock rose modestly by 0.9% on 7/17/24. The stock closed at $46.92. Moreover, trading volume in this advance was above average at 141% of normal. The stock has performed in line with the market over the last nine months and has risen 14.2% 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 A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Bank OZK has a very high Appreciation Score of 93 but a neutral Power Rating of 49, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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