Bank OZK (NASDAQ:OZK) shares, rose in value on Friday, May 30, with the stock price down by -0.85% to the previous day’s close as strong demand from buyers drove the stock to $44.33.
Actively observing the price movement in the last trading, the stock closed the session at $44.71. The PE ratio was 7.26 over 12-month period. Referring to stock’s 52-week performance, its high was $53.64, and the low was $35.71. On the whole, OZK has fluctuated by 4.06% over the past month.
With the market capitalization of Bank OZK currently standing at about $5.03 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.66, with its dividend yield at 3.74%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.69B, with a low estimate of 419.25M and a high estimate of 427.54M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 423.41M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OZK’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.34, with the price of OZK currently trading nearly -1.94% and 2.81% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.91, while the 7-day volatility ratio is showing 1.93% which for the 30-day chart, stands at 1.64%. Furthermore, Bank OZK (OZK)’s beta value is 0.86, and its average true range (ATR) is 1.12.
A comparison of Bank OZK (OZK) with its peers suggests the former has fared considerably weaker in the market. OZK showed an intraday change of -0.85% in last session, and over the past year, it shrunk by -4.03%%.
Data on historical trading for Bank OZK (NASDAQ:OZK) indicates that the trading volumes over the past 3 months, they’ve averaged 1.33 million. According to company’s latest data on outstanding shares, there are 113.73 million shares outstanding.
Nearly 4.98% of Bank OZK’s shares belong to company insiders and institutional investors own 94.37% of the company’s shares. The stock has fallen by -0.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OZK stock heading into the next quarter.
