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President-elect Donald Trump’s lawyers urge judge to toss his hush money convictionNoneCylindrical Lithium-Ion Battery Market to Grow by USD 11.61 Billion (2024-2028), Driven by Automotive Shift to EVs, with AI Impacting Market Trends - Technavio
Mulligan Funding Closes $120 Million Securitization
NEW YORK (AP) — President-elect Donald Trump’s lawyers formally asked a judge Monday to throw out his hush money criminal conviction, arguing continuing the case would present unconstitutional “disruptions to the institution of the Presidency.“ In a filing made public Tuesday, Trump’s lawyers told Manhattan Judge Juan M. Merchan that dismissal is warranted because of the extraordinary circumstances of his impending return to the White House. “Wrongly continuing proceedings in this failed lawfare case disrupts President Trump’s transition efforts,” the attorneys continued, before citing the “overwhelming national mandate granted to him by the American people on November 5, 2024.” Prosecutors will have until Dec. 9 to respond. They have said they will fight any efforts to dismiss the case but have indicated openness to delaying sentencing until after Trump’s second term ends in 2029. Following Trump’s election victory last month, Merchan halted proceedings and indefinitely postponed his sentencing, previously scheduled for late November, to allow the defense and prosecution to weigh in on the future of the case. He also delayed a decision on Trump’s prior bid to dismiss the case on immunity grounds. Trump has been fighting for months to reverse the conviction, which involved efforts to conceal a $130,000 payment to porn actor Stormy Daniels, whose affair allegations threatened to disrupt his 2016 campaign. He has denied any wrongdoing. Trump takes office Jan. 20. Merchan hasn’t set a timetable for a decision. A dismissal would erase Trump’s historic conviction, sparing him the cloud of a criminal record and possible prison sentence. Trump is the first former president to be convicted of a crime and the first convicted criminal to be elected to the office. Merchan could also decide to uphold the verdict and proceed to sentencing, delay the case until Trump leaves office, wait until a federal appeals court rules on Trump’s parallel effort to get the case moved out of state court or choose some other option.
NoneAcross the recent three months, 5 analysts have shared their insights on Bank OZK OZK , expressing a variety of opinions spanning from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 1 0 Last 30D 0 0 0 1 0 1M Ago 0 0 0 0 0 2M Ago 0 1 2 0 0 3M Ago 0 0 1 0 0 Analysts have set 12-month price targets for Bank OZK, revealing an average target of $49.6, a high estimate of $63.00, and a low estimate of $40.00. Witnessing a positive shift, the current average has risen by 4.2% from the previous average price target of $47.60. Decoding Analyst Ratings: A Detailed Look The analysis of recent analyst actions sheds light on the perception of Bank OZK by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Jared Shaw Wells Fargo Raises Underweight $40.00 $35.00 Brandon King Truist Securities Lowers Hold $46.00 $48.00 Matt Olney Stephens & Co. Raises Equal-Weight $51.00 $48.00 Stephen Scouten Piper Sandler Raises Overweight $63.00 $58.00 Brandon King Truist Securities Lowers Hold $48.00 $49.00 Key Insights: Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Bank OZK. This offers insight into analysts' perspectives on the current state of the company. Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Bank OZK compared to the broader market. Price Targets: Understanding forecasts, analysts offer estimates for Bank OZK's future value. Examining the current and prior targets provides insight into analysts' changing expectations. Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Bank OZK's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table. Stay up to date on Bank OZK analyst ratings. Delving into Bank OZK's Background Bank OZK is a bank holding company that owns and operates a community bank, Bank of the Ozarks. The bank operates offices in Arkansas, Georgia, Florida, North Carolina, Texas, California, New York and Mississippi. It provides a range of banking services which include deposit services such as checking, savings, money market, time deposit and individual retirement accounts to loan services like real estate, consumer, commercial and industrial loans. Apart from providing traditional banking products and services it also provides treasury management, trust and wealth management, financial planning, online banking and other related services. Financial Milestones: Bank OZK's Journey Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence. Revenue Growth: Bank OZK's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 7.64% . This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector. Net Margin: Bank OZK's net margin is impressive, surpassing industry averages. With a net margin of 41.88%, the company demonstrates strong profitability and effective cost management. Return on Equity (ROE): Bank OZK's ROE stands out, surpassing industry averages. With an impressive ROE of 3.43% , the company demonstrates effective use of equity capital and strong financial performance. Return on Assets (ROA): Bank OZK's ROA stands out, surpassing industry averages. With an impressive ROA of 0.48% , the company demonstrates effective utilization of assets and strong financial performance. Debt Management: With a below-average debt-to-equity ratio of 0.12 , Bank OZK adopts a prudent financial strategy, indicating a balanced approach to debt management. The Significance of Analyst Ratings Explained Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are. Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update. Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights. Breaking: Wall Street's Next Big Mover Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. Click here for urgent details . This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.