Bank OZK (NASDAQ:OZK) Stock Rating Lowered by Wall Street Zen

Bank OZK (NASDAQ:OZK) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

OZK has been the topic of several other research reports. Weiss Ratings raised shares of Bank OZK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, April 21st. Piper Sandler set a $62.00 target price on shares of Bank OZK in a research note on Thursday, January 22nd. TD Cowen lowered their target price on shares of Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Morgan Stanley lifted their target price on shares of Bank OZK from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Finally, UBS Group initiated coverage on shares of Bank OZK in a research note on Tuesday, April 7th. They set a “neutral” rating and a $48.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Bank OZK has a consensus rating of “Hold” and a consensus target price of $56.89.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $48.50 on Friday. The firm has a market cap of $5.43 billion, a PE ratio of 7.90 and a beta of 0.91. The firm has a fifty day moving average of $46.58 and a 200 day moving average of $46.81. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.00. Bank OZK has a one year low of $42.37 and a one year high of $53.66.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). The company had revenue of $424.32 million during the quarter, compared to analysts’ expectations of $422.62 million. Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.Bank OZK’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.47 EPS. As a group, research analysts predict that Bank OZK will post 6.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in Bank OZK in the 3rd quarter valued at about $27,000. BOKF NA purchased a new stake in Bank OZK in the 3rd quarter valued at about $27,000. V Square Quantitative Management LLC purchased a new stake in Bank OZK in the 4th quarter valued at about $25,000. Quent Capital LLC purchased a new stake in Bank OZK in the 3rd quarter valued at about $35,000. Finally, Bayforest Capital Ltd raised its holdings in Bank OZK by 100.5% in the 4th quarter. Bayforest Capital Ltd now owns 766 shares of the company’s stock valued at $35,000 after buying an additional 384 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

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.