Stock of the Day

July 10, 2024

Bank OZK (OZK)

$49.08
-$0.32 (-0.6%)
Market Cap: $5.53B

About Bank OZK

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits. It also provides trust and wealth services, such as personal trusts, custodial accounts, investment management accounts, and retirement accounts, as well as corporate trust services, including trustee, paying agent and registered transfer agent services, and other related services. In addition, the company offers treasury management services comprising automated clearing house, wire transfer, transaction reporting, wholesale lockbox, remote deposit capture, automated credit line transfer, reconciliation, positive pay, commercial card, and other services, as well as zero balance and investment sweep accounts. Further, it provides real estate, consumer, small business, indirect recreational vehicle and marine, equipment, agricultural, commercial and industrial, government guaranteed, lines of credit, homebuilder, and affordable housing loans; lender and structured, business aviation, and subscription financing services; and mortgage and other lending products. Additionally, the company offers ATMs; telephone, online, and mobile banking services; credit and debit cards; safe deposit boxes; and other products and services. The company was formerly known as Bank of the Ozarks and changed its name to Bank OZK in July 2018. Bank OZK was founded in 1903 and is headquartered in Little Rock, Arkansas.

Today's Trend

Bank OZK (NASDAQ: OZK) is facing negative analyst sentiment after Zacks Research issued a series of earnings-estimate reductions and downgraded the stock to “strong sell.” Shares were recently trading near the upper end of their 52-week range, but the revisions could pressure the stock by raising concerns about slower future earnings growth.

  • A broader analyst survey showed Bank OZK receiving an average rating of “hold,” suggesting that analysts generally see limited near-term upside rather than a clear buy opportunity. Bank OZK Receives Average Rating of Hold from Analysts
  • Zacks Research downgraded OZK from “hold” to “strong sell,” a notably bearish change that is likely the most immediate catalyst for investor concern. Zacks Research Bank OZK Rating
  • Zacks lowered its FY2026 EPS forecast to $5.81 from $5.85, bringing it below the current consensus estimate of $5.86. Its Q3 and Q4 2026 forecasts were also reduced to $1.43 and $1.45, respectively. Bank OZK FY2026 EPS Estimate Decreased by Zacks Research
  • The downward revisions extended into 2027 and 2028: FY2027 EPS was cut to $6.18 from $6.26, while estimates for Q1, Q2, Q3 and Q4 2027 and Q1 2028 were also reduced. The cuts point to less confidence in Bank OZK’s medium-term earnings trajectory.

Overall, the news flow is bearish for OZK. The magnitude of the estimate changes is modest, but the simultaneous reductions across multiple periods and the “strong sell” downgrade could outweigh the stock’s recent resilience and keep investor focus on earnings-growth risks.