Bank OZK (NASDAQ:OZK – Get Free Report) had its target price lifted by investment analysts at Truist Financial from $38.00 to $55.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price target points to a potential upside of 8.12% from the stock’s previous close.
Several other analysts have also commented on OZK. Morgan Stanley increased their price objective on Bank OZK from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Citigroup started coverage on Bank OZK in a research report on Friday, December 1st. They issued a “buy” rating and a $50.00 target price on the stock. Finally, StockNews.com raised Bank OZK from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $44.57.
Check Out Our Latest Stock Analysis on OZK
Bank OZK Stock Down 1.4 %
Bank OZK stock traded down $0.74 during mid-day trading on Friday, reaching $50.87. 384,888 shares of the company were exchanged, compared to its average volume of 1,395,320. The business has a fifty day moving average of $39.83 and a 200 day moving average of $39.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $5.76 billion, a P/E ratio of 8.91 and a beta of 1.38. Bank OZK has a 12-month low of $30.72 and a 12-month high of $52.36.
Bank OZK (NASDAQ:OZK – Get Free Report) last issued its quarterly earnings data on Friday, October 20th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.44 by $0.05. Bank OZK had a return on equity of 15.23% and a net margin of 33.35%. The firm had revenue of $591.24 million during the quarter, compared to analyst estimates of $384.41 million. During the same quarter in the prior year, the business posted $1.08 EPS. Research analysts anticipate that Bank OZK will post 5.83 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Bank OZK
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new stake in Bank OZK during the 1st quarter worth about $25,000. Geneos Wealth Management Inc. grew its position in Bank OZK by 94.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 776 shares of the company’s stock worth $33,000 after purchasing an additional 376 shares during the period. Covestor Ltd grew its position in Bank OZK by 56.6% during the 1st quarter. Covestor Ltd now owns 896 shares of the company’s stock worth $38,000 after purchasing an additional 324 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in Bank OZK during the 4th quarter worth about $42,000. Finally, Quarry LP grew its position in shares of Bank OZK by 235.2% during the 1st quarter. Quarry LP now owns 1,106 shares of the company’s stock valued at $38,000 after acquiring an additional 776 shares during the period. 84.84% of the stock is owned by institutional investors and hedge funds.
About Bank OZK
Bank OZK provides various retail and commercial banking services. The company 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. It also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural equipment, small business, lines of credit, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.
Further Reading
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