Bank OZK (NASDAQ:OZK) Given Equal Weight Rating at Stephens

Bank OZK (NASDAQ:OZK)‘s stock had its “equal weight” rating reissued by stock analysts at Stephens in a research note issued on Friday,Benzinga reports. They presently have a $53.00 target price on the stock. Stephens’ target price would suggest a potential upside of 9.98% from the company’s current price.

OZK has been the topic of several other reports. Truist Financial reduced their target price on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. UBS Group started coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. Finally, Piper Sandler lifted their target price on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Bank OZK has an average rating of “Hold” and an average price target of $48.50.

Bank OZK Trading Up 6.3 %

Shares of Bank OZK stock traded up $2.85 during mid-day trading on Friday, hitting $48.19. 1,545,068 shares of the stock were exchanged, compared to its average volume of 1,530,676. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 7.91 and a beta of 1.20. Bank OZK has a twelve month low of $37.43 and a twelve month high of $51.50. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The company has a 50-day simple moving average of $46.35 and a 200 day simple moving average of $44.14.

Bank OZK (NASDAQ:OZK) last released its earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.44 by $0.12. The firm had revenue of $412.34 million during the quarter, compared to analysts’ expectations of $407.19 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. Bank OZK’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.50 EPS. Research analysts forecast that Bank OZK will post 6.03 EPS for the current year.

Institutional Investors Weigh In On Bank OZK

Several institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. lifted its position in Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after acquiring an additional 411 shares in the last quarter. American National Bank & Trust acquired a new stake in Bank OZK in the third quarter valued at approximately $44,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Bank OZK during the second quarter valued at approximately $49,000. Capital Performance Advisors LLP acquired a new position in shares of Bank OZK during the third quarter worth $61,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Bank OZK by 424.8% in the third quarter. Venturi Wealth Management LLC now owns 1,590 shares of the company’s stock valued at $68,000 after purchasing an additional 1,287 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Company Profile

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.