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Bank OZK (OZK) Gains As Market Dips: What You Should Know

Bank OZK (OZK) closed at $47.08 in the latest trading session, marking a +1.01% move from the prior day. This move outpaced the S&P 500's daily loss of 0.03%. At the same time, the Dow added 0.45%, and the tech-heavy Nasdaq lost 0.05%.

Coming into today, shares of the bank had gained 12.59% in the past month. In that same time, the Finance sector gained 8.94%, while the S&P 500 gained 6.23%.

Wall Street will be looking for positivity from Bank OZK as it approaches its next earnings report date. On that day, Bank OZK is projected to report earnings of $1.35 per share, which would represent year-over-year growth of 15.38%. Our most recent consensus estimate is calling for quarterly revenue of $337.58 million, up 14.01% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.52 per share and revenue of $1.23 billion. These totals would mark changes of +1.12% and +11.62%, respectively, from last year.

Any recent changes to analyst estimates for Bank OZK should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.04% higher. Bank OZK currently has a Zacks Rank of #2 (Buy).

In terms of valuation, Bank OZK is currently trading at a Forward P/E ratio of 10.32. This valuation marks a premium compared to its industry's average Forward P/E of 10.26.

The Banks - Northeast industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 31, which puts it in the top 13% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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