Bank OZK (NASDAQ:OZK – Get Rating) had its price objective dropped by equities research analysts at Truist Financial from $44.00 to $42.00 in a note issued to investors on Wednesday, The Fly reports. Truist Financial’s target price indicates a potential upside of 13.39% from the company’s current price.
Other analysts also recently issued reports about the company. Citigroup cut their target price on Bank OZK from $50.00 to $45.00 in a research report on Wednesday, April 27th. StockNews.com assumed coverage on Bank OZK in a research report on Thursday, March 31st. They set a “hold” rating for the company. Raymond James lowered their price target on Bank OZK from $54.00 to $50.00 and set an “outperform” rating for the company in a report on Monday, April 25th. Piper Sandler lowered their price target on Bank OZK from $64.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, March 11th. Finally, Stephens boosted their price target on Bank OZK from $50.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, April 25th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Bank OZK presently has an average rating of “Hold” and a consensus target price of $51.00.
NASDAQ:OZK opened at $37.04 on Wednesday. The stock has a fifty day moving average price of $39.92 and a 200-day moving average price of $44.01. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 8.51 and a beta of 1.51. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.99 and a current ratio of 0.99. Bank OZK has a fifty-two week low of $36.51 and a fifty-two week high of $51.39.
Bank OZK (NASDAQ:OZK – Get Rating) last released its earnings results on Thursday, April 21st. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.07. The firm had revenue of $280.82 million during the quarter, compared to the consensus estimate of $273.45 million. Bank OZK had a return on equity of 12.57% and a net margin of 47.54%. During the same period in the prior year, the company posted $1.11 EPS. Research analysts predict that Bank OZK will post 4.17 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in Bank OZK by 0.4% in the 4th quarter. BlackRock Inc. now owns 10,756,657 shares of the company’s stock worth $500,505,000 after purchasing an additional 40,211 shares in the last quarter. State Street Corp increased its holdings in Bank OZK by 2.1% in the 1st quarter. State Street Corp now owns 10,712,413 shares of the company’s stock worth $457,420,000 after purchasing an additional 222,150 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Bank OZK by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,393,648 shares of the company’s stock worth $273,014,000 after purchasing an additional 29,522 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Bank OZK by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,565,671 shares of the company’s stock worth $109,555,000 after purchasing an additional 156,127 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Bank OZK by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 1,616,195 shares of the company’s stock worth $75,201,000 after purchasing an additional 32,174 shares in the last quarter. 80.35% of the stock is owned by institutional investors and hedge funds.
Bank OZK Company Profile (Get Rating)
Bank OZK provides various retail and commercial banking services. It accepts various deposit products, including non-interest-bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. The company also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.
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Source: defenseworld.net
