Bank OZK (NASDAQ:OZK) Earns “Equal Weight” Rating from Stephens

Bank OZK (NASDAQ:OZK)‘s stock had its “equal weight” rating reissued by analysts at Stephens in a report issued on Friday,Benzinga reports. They currently have a $53.00 price target on the stock. Stephens’ target price would suggest a potential upside of 6.55% from the company’s previous close.

Other research analysts have also issued reports about the company. UBS Group initiated coverage on Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price objective on the stock. Wells Fargo & Company increased their price target on shares of Bank OZK from $35.00 to $40.00 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd. Piper Sandler lifted their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Truist Financial dropped their price objective 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bank OZK presently has an average rating of “Hold” and an average price target of $48.50.

Bank OZK Stock Up 9.7 %

NASDAQ:OZK opened at $49.74 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a twelve month low of $37.43 and a twelve month high of $51.50. The company has a market cap of $5.64 billion, a PE ratio of 8.18 and a beta of 1.20. The company’s 50 day moving average is $46.42 and its two-hundred day moving average is $44.22.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, January 16th. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.44 by $0.12. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The business had revenue of $412.34 million during the quarter, compared to the consensus estimate of $407.19 million. During the same period in the previous year, the firm posted $1.50 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts anticipate that Bank OZK will post 6.03 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA purchased a new stake in shares of Bank OZK during the 2nd quarter worth about $2,097,000. Vanguard Personalized Indexing Management LLC raised its holdings in Bank OZK by 28.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,284 shares of the company’s stock worth $545,000 after purchasing an additional 2,968 shares during the period. XTX Topco Ltd boosted its position in Bank OZK by 144.5% during the second quarter. XTX Topco Ltd now owns 13,198 shares of the company’s stock worth $541,000 after purchasing an additional 7,800 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Bank OZK in the second quarter valued at approximately $963,000. Finally, Benjamin Edwards Inc. increased its position in shares of Bank OZK by 16.9% in the second quarter. Benjamin Edwards Inc. now owns 4,898 shares of the company’s stock valued at $201,000 after buying an additional 708 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

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.