Bank OZK [NASDAQ:OZK] will report earnings after markets close on Thursday, January 21st.
OZK Earnings Forecast For The Current Quarter
Bank OZK [OZK] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $251.81M and an earnings per share of $0.78 for Dec 2020. Looking further ahead, the company is expected to report revenue of $247.86M at an EPS of $0.72 for Mar 2021. The estimates represent upside of 2.20% and 37.70% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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OZK Earnings Estimates For The Current Year
For the financial year, Bank OZK [NASDAQ:OZK] is expected to bring in revenue of $980.64M. The returns are nearly $-11.07 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 2.1, lower than that of FY19 by -$1.2. Estimates put this year’s earnings growth at -36.40%, 37.60% for the next, and at an annual 12.00% over the next 5-year period. As for sales, forecasts are for a decrease of -1.10% in the current fiscal year and a further 2.20% over the following year.
OZK Price Performance
On Wall Street, Bank OZK [NASDAQ:OZK] finished Tuesday’s session down -0.26% at $35.18. The stock went up to $35.855 at the same session while its lowest single day price was $34.815. In the last five days, it saw a rise of about 2.42%, Bank OZK shares gained by almost 12.50% since the beginning of the year. However, the share price has dropped to as low as -2.92% below its one year high. On 01/14/21, the company shares recorded $36.24, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $30.78. The company’s shares have inclined by 20.27% in the past year. The 50-day SMA achieved is $30.56 while the 200-day SMA is $24.59.
Bank OZK [OZK] Valuation Measures
Notably, Bank OZK [OZK] stock cannot be classified as a good candidate in the listing of underestimated low-priced Banks – Regional companies to purchase soonest possible with the prevailing 12-month PE ratio of 16.71. The measure means the stock is exchanging at a premium as compared to the 12.10x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 4.22 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.51 which means OZK serve an unattractive investment opportunity compared to its competitors.
OZK Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 35.18 level, and in case of violation of this particular level, it will cause more drop to 34.71 level. On the upper level, 36.79 is still the key resistance. The stock may increase to the subsequent resistance at 36.32. The Relative Strength Index (RSI) pinned on the 14-day chart is 63.92, implying a neutral technical stance while the MACD stands at 1.71, meaning price will increase in the next trading period. Percent R indicator moved to 18.79%, implying bullish price movement. Stochastic %K at 82.27% suggest selling the stock.
Is Bank OZK [NASDAQ:OZK] a Good Buy Right Now?
It should be noted that OZK technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Bank OZK’s Trend Spotter indicated that the signals were Weakening. The stock current average is 0.75 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.76 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.86 million shares.
What is the short interest in Bank OZK?
Short interest in the Bank OZK stock has surged, increasing by 0.84 million shares to total 8.01 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 8.85 million, data from Yahoo Finance shows. The decrease of -10.49% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 6.59% of the overall float for the stock.
Bank OZK’s Biggest Shareholders: Who Owns Bank OZK [OZK]?
Filings by SSgA Funds Management, Inc. showed that the firm now holds a total of 14,357,554 shares or roughly 11.16% of the outstanding OZK shares. This means their shares have reduced by -3,568,659 from the 14,357,554 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $337,136,067. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -3.33% stake valued at $292,348,202 while Dimensional Fund Advisors LP added theirs at $219,121,398. During the last quarter, BlackRock Fund Advisors liquidated -321,595 of its shares in Bank OZK while Dimensional Fund Advisors LP bought 174,339 shares. The Diamond Hill Capital Management,’s holdings currently number 4,986,268 shares at $175416908.24. According to the firm’s last 13F report, Principal Global Investors LLC shares in the company at filing stood at 4,809,005 shares, roughly $150,377,586.
What are analyst thoughts on Bank OZK?
Looking forward to the Bank OZK share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Bank OZK stock at $32.50 within the next 12 months, which represents almost -8.25 per cent growth from its previous closing price of $35.18. The highest analysts’ target for Bank OZK stock projections is $39.00 and the lowest one is $28.00. Still, 10 analysts sharing their consensus rating for OZK stock in 2021 agree that it is a Hold.