Banking

Bank Ozk Stock Earns Relative Strength Rating Upgrade; Hits Key Benchmark

When putting together your watch list, look for stocks with an 80 or higher RS Rating. Bank Ozk (OZK) now meets that criteria, with an increase from 80 to 84 Monday.




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When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the last 52 weeks stacks up against all the other stocks in our database.

Decades of market research reveals that the market’s biggest winners typically have an RS Rating north of 80 in the early stages of their moves.


See How IBD Helps You Make More Money In Stocks


The bank stock did not clear a cup-with-handle base in early June. It’s pulled back slightly, but still within just 5% shy of 44.14 entry point. See if the stock goes on to offer and clear a proper buy point. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

Bank Ozk saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 19% to 1,167%. Revenue rose from -3% to -1%. The company is expected to report its latest numbers on or around Jul. 23.

The company earns the No. 33 rank among its peers in the Banks-Southeast industry group. Capstar Financial (CSTR) and First Citizens Bancshares (FCNCA) are also among the group’s highest-rated stocks.

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