Bank OZK (NASDAQ:OZK) PT Lowered to $46.00

Bank OZK (NASDAQ:OZK - Get Free Report) had its price objective cut by stock analysts at Truist Financial from $48.00 to $46.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a "hold" rating on the stock. Truist Financial's price objective would indicate a potential upside of 7.05% from the company's current price.

A number of other research firms have also recently commented on OZK. Morgan Stanley upped their target price on Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. StockNews.com raised Bank OZK from a "sell" rating to a "hold" rating in a research note on Thursday, July 18th. Raymond James cut Bank OZK from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 17th. Piper Sandler increased their price objective on Bank OZK from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Stephens reissued an "equal weight" rating and issued a $50.00 price objective on shares of Bank OZK in a research note on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $48.50.

Bank OZK Trading Down 3.8 %

Shares of OZK traded down $1.70 during mid-day trading on Monday, reaching $42.97. 1,821,849 shares of the company's stock traded hands, compared to its average volume of 1,284,015. The stock has a market cap of $4.87 billion, a P/E ratio of 7.22 and a beta of 1.17. The stock's 50-day moving average is $42.19 and its two-hundred day moving average is $43.01. Bank OZK has a 12 month low of $34.76 and a 12 month high of $52.36. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02.

Institutional Trading of Bank OZK

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PSI Advisors LLC lifted its holdings in shares of Bank OZK by 20,933.3% during the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company's stock valued at $26,000 after purchasing an additional 628 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Bank OZK during the 1st quarter valued at $29,000. Versant Capital Management Inc lifted its holdings in shares of Bank OZK by 423.0% during the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company's stock valued at $40,000 after purchasing an additional 791 shares during the last quarter. American National Bank & Trust purchased a new stake in shares of Bank OZK during the 3rd quarter valued at $44,000. Finally, Innealta Capital LLC purchased a new stake in shares of Bank OZK during the 2nd quarter valued at $46,000. Institutional investors own 86.18% of the company's stock.

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.