Bank OZK (NASDAQ:OZK) PT Raised to $47.00

Bank OZK (NASDAQ:OZK) had its price objective hoisted by equities researchers at Keefe, Bruyette & Woods from $45.00 to $47.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 2.00% from the stock’s previous close.

OZK has been the subject of a number of other reports. Raymond James upgraded shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a research report on Friday, January 5th. UBS Group downgraded shares of Bank OZK from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Wells Fargo & Company reduced their price target on shares of Bank OZK from $41.00 to $39.00 and set an “underweight” rating for the company in a research report on Thursday, February 1st. Citigroup dropped their price objective on shares of Bank OZK from $62.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. Finally, StockNews.com cut shares of Bank OZK from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $48.25.

Bank OZK Price Performance

Shares of NASDAQ:OZK opened at $46.08 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The company has a market cap of $5.21 billion, a P/E ratio of 7.72 and a beta of 1.27. Bank OZK has a 52 week low of $30.72 and a 52 week high of $52.36. The company has a 50-day moving average price of $43.55 and a 200 day moving average price of $43.45.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, April 18th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.07. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. The company had revenue of $406.02 million during the quarter, compared to the consensus estimate of $396.81 million. During the same period last year, the firm earned $1.41 EPS. Research analysts predict that Bank OZK will post 5.89 earnings per share for the current year.

Institutional Trading of Bank OZK

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Bank OZK during the 4th quarter valued at $56,293,000. Jupiter Asset Management Ltd. grew its stake in shares of Bank OZK by 423.9% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,085,368 shares of the company’s stock valued at $40,235,000 after buying an additional 878,212 shares during the period. Vanguard Group Inc. grew its stake in shares of Bank OZK by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company’s stock valued at $599,394,000 after buying an additional 502,005 shares during the period. Van Berkom & Associates Inc. grew its stake in shares of Bank OZK by 18.1% during the 3rd quarter. Van Berkom & Associates Inc. now owns 2,031,518 shares of the company’s stock valued at $75,308,000 after buying an additional 311,293 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Bank OZK by 18.8% during the 4th quarter. Wellington Management Group LLP now owns 1,897,696 shares of the company’s stock valued at $94,562,000 after buying an additional 300,025 shares during the period. 86.18% of the stock is owned by hedge funds and other 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.