Bank OZK (NASDAQ:OZK) Earns Neutral Rating from Analysts at UBS Group

Equities researchers at UBS Group assumed coverage on shares of Bank OZK (NASDAQ:OZK) in a research report issued to clients and investors on Tuesday. The firm set a “neutral” rating on the stock.

Several other equities research analysts also recently issued reports on OZK. Piper Sandler raised their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Wells Fargo & Company lifted 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. Raymond James cut shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Truist Financial cut their price target on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Finally, Stephens boosted their target price on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.13.

Bank OZK Price Performance

NASDAQ OZK traded down $1.11 during trading on Tuesday, reaching $46.60. 151,668 shares of the company traded hands, compared to its average volume of 1,250,507. Bank OZK has a 1-year low of $37.43 and a 1-year high of $51.50. The stock’s 50 day moving average price is $46.33 and its two-hundred day moving average price is $43.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 7.66 and a beta of 1.18.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Thursday, October 17th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The company had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $419.08 million. As a group, analysts anticipate that Bank OZK will post 6.03 EPS for the current year.

Institutional Investors Weigh In On Bank OZK

Several hedge funds have recently modified their holdings of OZK. M&T Bank Corp increased its holdings in shares of Bank OZK by 1.9% in the 3rd quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock valued at $578,000 after acquiring an additional 244 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in Bank OZK by 8.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock valued at $208,000 after acquiring an additional 388 shares in the last quarter. Raymond James Trust N.A. raised its holdings in shares of Bank OZK by 6.0% in the 3rd quarter. Raymond James Trust N.A. now owns 7,184 shares of the company’s stock worth $309,000 after buying an additional 407 shares in the last quarter. Assetmark Inc. increased its holdings in Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after purchasing an additional 411 shares in the last quarter. Finally, PSI Advisors LLC boosted its position in shares of Bank OZK by 20,933.3% in the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 628 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

About Bank OZK

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.