Bank OZK (NASDAQ:OZK) traded at a new 52-week high today of $43.60. So far today approximately 124,000 shares have been exchanged, as compared to an average 30-day volume of 1 million shares.
Bank OZK has overhead space with shares priced $42.30, or 35.1% below the average consensus analyst price target of $65.21.
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.
Over the past year, Bank OZK has traded in a range of $14.20 to $43.60 and is now at $42.30, 198% above that low.
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