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

Bank OZK (NASDAQ:OZK) had its target price boosted by equities researchers at Stephens from $53.00 to $57.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Stephens’ target price suggests a potential upside of 10.89% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $40.00 to $48.00 in a research note on Tuesday. Piper Sandler upped their target price on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. UBS Group assumed coverage on Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target for the company. Finally, Truist Financial cut 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.00.

Bank OZK Stock Up 3.3 %

Shares of NASDAQ OZK opened at $51.40 on Tuesday. Bank OZK has a 12-month low of $37.43 and a 12-month high of $51.50. The stock’s fifty day simple moving average is $46.44 and its two-hundred day simple moving average is $44.31. The stock has a market capitalization of $5.83 billion, a PE ratio of 8.37 and a beta of 1.20. 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 issued its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. The company had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 earnings per share. As a group, analysts expect that Bank OZK will post 5.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Bank OZK

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC increased its holdings in shares of Bank OZK by 30.7% in the third quarter. Barclays PLC now owns 254,874 shares of the company’s stock valued at $10,958,000 after purchasing an additional 59,907 shares during the last quarter. Geode Capital Management LLC grew its holdings in Bank OZK by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock valued at $86,989,000 after buying an additional 126,352 shares in the last quarter. Verition Fund Management LLC increased its stake in shares of Bank OZK by 68.6% in the 3rd quarter. Verition Fund Management LLC now owns 34,869 shares of the company’s stock worth $1,499,000 after acquiring an additional 14,189 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Bank OZK by 112.8% during the 3rd quarter. Cerity Partners LLC now owns 51,717 shares of the company’s stock worth $2,223,000 after acquiring an additional 27,409 shares during the period. Finally, Captrust Financial Advisors raised its stake in Bank OZK by 124.6% during the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after purchasing an additional 942,309 shares during the period. 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.