Bank OZK (NASDAQ:OZK) Given New $54.00 Price Target at TD Cowen

Bank OZK (NASDAQ:OZK) had its price target lowered by investment analysts at TD Cowen from $56.00 to $54.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price objective points to a potential upside of 11.96% from the company’s current price.

Several other research analysts have also weighed in on OZK. Piper Sandler set a $62.00 target price on shares of Bank OZK in a research report on Thursday. Keefe, Bruyette & Woods decreased their price target on Bank OZK from $53.00 to $50.00 and set a “market perform” rating on the stock in a research note on Monday, October 20th. Stephens dropped their price objective on Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a research note on Thursday. Zacks Research upgraded Bank OZK from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Bank OZK in a report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $56.78.

Bank OZK Stock Performance

Shares of OZK stock traded up $0.40 during mid-day trading on Thursday, hitting $48.23. 594,027 shares of the stock were exchanged, compared to its average volume of 1,647,953. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 7.81 and a beta of 0.90. The stock’s fifty day simple moving average is $46.74 and its two-hundred day simple moving average is $48.76.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Tuesday, January 20th. The company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.03). Bank OZK had a net margin of 25.50% and a return on equity of 12.75%. The company had revenue of $436.29 million during the quarter, compared to analyst estimates of $434.68 million. During the same quarter last year, the firm earned $1.56 EPS. On average, analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Institutional Trading of Bank OZK

Large investors have recently bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in Bank OZK by 58.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock valued at $28,000 after purchasing an additional 217 shares in the last quarter. Level Four Advisory Services LLC raised its holdings in Bank OZK by 1.4% in the third quarter. Level Four Advisory Services LLC now owns 16,816 shares of the company’s stock valued at $857,000 after acquiring an additional 231 shares in the last quarter. Assetmark Inc. boosted its stake in Bank OZK by 20.8% during the 2nd quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock valued at $71,000 after acquiring an additional 259 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in Bank OZK by 82.2% during the 3rd quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $34,000 after acquiring an additional 300 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in Bank OZK by 0.6% during the 3rd quarter. Savant Capital LLC now owns 51,800 shares of the company’s stock worth $2,641,000 after acquiring an additional 323 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Company Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.