Bank OZK (NASDAQ:OZK) Stock Price Expected to Rise, Stephens Analyst Says

Bank OZK (NASDAQ:OZK) had its price objective increased by investment analysts at Stephens from $53.00 to $57.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Stephens’ price target indicates a potential upside of 10.89% from the company’s previous close.

OZK has been the subject of a number of other reports. Truist Financial decreased their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a 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 target price on the stock. Piper Sandler lifted their price target on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $40.00 to $48.00 in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Bank OZK presently has an average rating of “Hold” and a consensus price target of $50.00.

Bank OZK Trading Up 3.3 %

NASDAQ OZK opened at $51.40 on Tuesday. The firm has a market cap of $5.83 billion, a PE ratio of 8.37 and a beta of 1.20. Bank OZK has a 1-year low of $37.43 and a 1-year high of $51.50. The stock has a 50-day moving average of $46.44 and a 200-day moving average of $44.31. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.12. The business had revenue of $412.34 million during the quarter, compared to analysts’ expectations of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 EPS. As a group, sell-side analysts forecast that Bank OZK will post 5.96 EPS for the current year.

Institutional Trading of Bank OZK

Several institutional investors and hedge funds have recently made changes to their positions in OZK. M&T Bank Corp grew its stake in Bank OZK by 1.9% in the third quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock worth $578,000 after purchasing an additional 244 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of Bank OZK by 3.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 10,555 shares of the company’s stock worth $470,000 after buying an additional 373 shares during the period. Evergreen Capital Management LLC grew its position in shares of Bank OZK by 8.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock worth $208,000 after buying an additional 388 shares in the last quarter. Raymond James Trust N.A. increased its stake in shares of Bank OZK by 6.0% during the third quarter. Raymond James Trust N.A. now owns 7,184 shares of the company’s stock valued at $309,000 after buying an additional 407 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after acquiring an additional 411 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors.

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.