Stephens Reaffirms Equal Weight Rating for Bank OZK (NASDAQ:OZK)

Bank OZK (NASDAQ:OZK - Get Free Report)'s stock had its "equal weight" rating reiterated by research analysts at Stephens in a note issued to investors on Friday,Benzinga reports. They presently have a $53.00 price objective on the stock. Stephens' price target would indicate a potential upside of 6.55% from the stock's previous close.

OZK has been the topic of several other reports. Piper Sandler increased their price objective 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 initiated coverage on Bank OZK in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 target price on the stock. Wells Fargo & Company raised their target price on Bank OZK from $35.00 to $40.00 and gave the stock an "underweight" rating in a research report on Tuesday, December 3rd. Finally, Truist Financial dropped their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Bank OZK has a consensus rating of "Hold" and an average target price of $48.50.

Bank OZK Stock Up 9.7 %

Shares of NASDAQ OZK traded up $4.40 during midday trading on Friday, hitting $49.74. The stock had a trading volume of 4,128,150 shares, compared to its average volume of 958,265. Bank OZK has a 52 week low of $37.43 and a 52 week high of $51.50. The company has a market cap of $5.64 billion, a P/E ratio of 8.18 and a beta of 1.20. The business's 50 day moving average is $46.42 and its 200-day moving average is $44.20. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.12. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. The firm had revenue of $412.34 million during the quarter, compared to analysts' expectations of $407.19 million. During the same quarter in the previous year, the business earned $1.50 earnings per share. The company's revenue was up 1.2% on a year-over-year basis. As a group, analysts predict that Bank OZK will post 6.03 EPS for the current year.

Institutional Investors Weigh In On Bank OZK

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OZK. Massachusetts Financial Services Co. MA purchased a new stake in Bank OZK in the second quarter valued at about $2,097,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Bank OZK by 28.8% in the second 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 last quarter. XTX Topco Ltd raised its stake in shares of Bank OZK by 144.5% in 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 during the last quarter. Intech Investment Management LLC acquired a new stake in Bank OZK during the second quarter worth about $963,000. Finally, Benjamin Edwards Inc. grew its holdings in Bank OZK by 16.9% during the second quarter. Benjamin Edwards Inc. now owns 4,898 shares of the company's stock worth $201,000 after acquiring an additional 708 shares during the period. 86.18% of the stock is currently 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.