Bank of the Ozarks, Inc. OZRK saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for OZRK as the stock is now up around 5% in the past one-month time frame till Oct 12.
On Oct 13, 2015, Bank of the Ozarks announced its third-quarter 2015 results where the company missed revenue expectations.
This slump shouldn’t be too much of a surprise to investors, as the South-East Banking company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
OZRK currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the same sector is BNC Bancorp BNCN, holding a Zacks Rank #1 (Strong Buy).
Is OZRK going up? Or down? Predict to see what others think: Up or Down
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