Bank OZK (NASDAQ:OZK) traded at a new 52-week high today of $40.80. This new high was reached on below average trading volume as 124,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.
There is potential upside of 50.1% for shares of Bank OZK based on a current price of $40.80 and an average consensus analyst price target of $61.23.
Over the past year, Bank OZK has traded in a range of $14.20 to $40.80 and is now at $40.80, 187% above that low.
Bank OZK is a bank holding company that owns and operates a community bank, Bank of the Ozarks. The bank operates offices primarily in the southeastern United States, as well as Texas, New York, and California. The bank holding company also owns a number of finance subsidiary business trusts formed in connection with the issuance of debt and preferred securities. Bank of the Ozarks provides a wide range of retail and commercial banking services, but principally concentrates its activities in real estate loans, which account for the great majority of the bank’s loans and leases. The bank’s real estate lending arm, which finances many metropolitan construction and development projects, extends further than many of its community banking competitors.
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