Bank OZK (NASDAQ:OZK – Get Rating) had its price objective lowered by investment analysts at Piper Sandler to $54.00 in a research report issued on Friday, Stock Target Advisor reports. Piper Sandler’s price target would suggest a potential upside of 39.32% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. Truist Financial reduced their price target on shares of Bank OZK from $44.00 to $42.00 in a research report on Wednesday, June 15th. Citigroup reduced their price target on shares of Bank OZK from $50.00 to $45.00 in a research report on Wednesday, April 27th. Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 7th. Stephens raised their price target on shares of Bank OZK from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, April 25th. Finally, Wells Fargo & Company cut shares of Bank OZK from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $58.00 to $42.00 in a report on Thursday, July 7th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $48.86.
Bank OZK Stock Down 1.8 %
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OZK traded down $0.72 on Friday, hitting $38.76. The company had a trading volume of 1,333,455 shares, compared to its average volume of 803,147. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.99. Bank OZK has a 52-week low of $34.79 and a 52-week high of $51.39. The stock has a fifty day simple moving average of $38.38 and a 200-day simple moving average of $42.47. The firm has a market capitalization of $4.86 billion, a P/E ratio of 8.91 and a beta of 1.49.
Bank OZK (NASDAQ:OZK – Get Rating) last announced its earnings results on Thursday, July 21st. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. Bank OZK had a net margin of 47.54% and a return on equity of 12.57%. During the same quarter in the prior year, the business earned $1.16 earnings per share. As a group, equities analysts expect that Bank OZK will post 4.22 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. TCW Group Inc. increased its holdings in Bank OZK by 24.6% in the 2nd quarter. TCW Group Inc. now owns 329,055 shares of the company’s stock valued at $12,349,000 after acquiring an additional 65,004 shares during the last quarter. Sabal Trust CO bought a new stake in Bank OZK in the 2nd quarter valued at $248,000. Dubuque Bank & Trust Co. increased its holdings in Bank OZK by 4.9% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 6,670 shares of the company’s stock valued at $250,000 after acquiring an additional 311 shares during the last quarter. Steph & Co. increased its holdings in Bank OZK by 8.3% in the 2nd quarter. Steph & Co. now owns 10,502 shares of the company’s stock valued at $394,000 after acquiring an additional 804 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Bank OZK by 14.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 14,403 shares of the company’s stock valued at $541,000 after acquiring an additional 1,797 shares during the last quarter. Hedge funds and other institutional investors own 80.35% of the company’s stock.
About Bank OZK
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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