Bank OZK (NASDAQ:OZK) Raised to “Hold” at Wall Street Zen

Bank OZK (NASDAQ:OZK) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other analysts also recently issued research reports about the stock. UBS Group decreased their price target on shares of Bank OZK from $57.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Keefe, Bruyette & Woods reduced their price objective on shares of Bank OZK from $53.00 to $50.00 and set a “market perform” rating on the stock in a research note on Monday, October 20th. Cowen reissued a “buy” rating on shares of Bank OZK in a report on Tuesday, October 21st. Wells Fargo & Company boosted their target price on shares of Bank OZK from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bank OZK in a research report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Bank OZK has a consensus rating of “Hold” and an average price target of $58.75.

Bank OZK Stock Up 2.2%

Shares of NASDAQ OZK opened at $47.04 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.03. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.66. The stock’s 50-day simple moving average is $45.97 and its 200-day simple moving average is $48.76. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 7.59 and a beta of 0.90.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, October 16th. The company reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). Bank OZK had a net margin of 25.81% and a return on equity of 13.00%. The business had revenue of $449.94 million during the quarter, compared to analysts’ expectations of $447.93 million. During the same period in the prior year, the company posted $1.55 EPS. As a group, equities analysts anticipate that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of OZK. Root Financial Partners LLC acquired a new stake in Bank OZK during the third quarter worth about $27,000. BOKF NA bought a new position in shares of Bank OZK during the third quarter valued at approximately $27,000. Hantz Financial Services Inc. raised its position in shares of Bank OZK by 58.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock worth $28,000 after purchasing an additional 217 shares during the period. Highline Wealth Partners LLC bought a new stake in shares of Bank OZK in the 3rd quarter worth approximately $28,000. Finally, True Wealth Design LLC boosted its position in Bank OZK by 147.0% during the 3rd quarter. True Wealth Design LLC now owns 568 shares of the company’s stock valued at $29,000 after purchasing an additional 338 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

About Bank OZK

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.