Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
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 sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of B. The stock is up 4.8% and up 13.8% over the past one-week and four-week period, respectively, and Bank OZK has gained 22.6% in the last one-year period as well. Additionally, an average of 1,336,332.25 shares were traded over the last 20 trading sessions.
A company's earnings performance is important for momentum investors as well. For fiscal 2024, two analysts revised their earnings estimate higher in the last 60 days for OZK, while the Zacks Consensus Estimate has increased $0.06 to $6.03 per share. OZK also boasts an average earnings surprise of 2.4%.
OZK should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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Bank OZK (OZK) : Free Stock Analysis Report
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