Why Bank OZK (OZK) is a Top Momentum Stock for the Long-Term
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Bank OZK (OZK)
Headquartered in Little Rock, AR, Bank OZK was incorporated in 1981 and is a bank holding company registered under the Bank Holding Company Act of 1956. The company was formerly known as Bank of the Ozarks and changed its name to the current one in July 2018.
OZK is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of A and VGM Score of B. Shares are up 2.2% over the past one week and up 19.8% over the past four weeks. OZK has gained 9.9% in the last one-year period as well. Looking at trading volume, an average of 796,527.63 shares exchanged hands over the last 20 trading days.
Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.08 to $5.83 per share. OZK boasts an average earnings surprise of 0.5%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding OZK to their portfolios.
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Bank OZK (OZK) : Free Stock Analysis Report
