Stock That Is Worth Exploring Now: Bank OZK (NASDAQ: OZK)

Bank OZK (NASDAQ:OZK) does about 1.09M shares in volume on a normal day but saw 1004703 shares change hands in Tuesday’s trading. The company now has a market cap of 5.66B USD. Its current market price is $49.21, marking an increase of 2.10% compared to the previous close of $48.20. The 52 week high reached by this stock is $52.36 whilst the lowest price level in 52 weeks is $31.61.

Bank OZK (OZK) has a 20-day trading average at $46.20 and the current price is -6.02% off the 52-week high compared with 55.68% distance from its 52-week low. The 50-day simple moving average of the closing price is $44.72 and its 200-day simple moving average is $42.64. If we look at the stock’s price movements over the week, volatility stands at 1.36%, which increases to 2.11% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 71.56 to suggest the stock is overbought.

The consensus objective for the share price is $51.10, suggesting that the stock has a potential upside of 3.7% over the period.

Raymond James upgraded the stock to “Outperform” from Mkt Perform on January 05, 2024 at a price target of $58. Wells Fargo downgraded its price target at $41.

Bank OZK (OZK) stock is up 4.10% over the week and 16.01% over the past month. Its price is -1.24% year-to-date and 55.43% over the past year.

To reach the target analysts have set, the stock logically needs to grow 3.7 percent from here.

The company has a return on investment of 11.45% and return on equity of 13.89%. The price to earnings ratio (P/E ratio) amounts to 8.24 while the forward price to earnings ratio is 7.74. The beta has a value of 1.22. Price to book ratio is 1.13 and price to sales ratio is 2.32.