Bank OZK (NASDAQ:OZK) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Bank OZK (NASDAQ:OZK) from a sell rating to a hold rating in a research report report published on Saturday.

Several other research analysts have also recently weighed in on the company. Morgan Stanley boosted their price objective on Bank OZK from $55.00 to $63.00 and gave the stock an “underperform” rating in a research report on Monday, September 29th. TD Cowen initiated coverage on shares of Bank OZK in a report on Thursday, September 25th. They issued a “buy” rating and a $67.00 price target on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Bank OZK from $53.00 to $50.00 and set a “market perform” rating for the company in a research report on Monday, October 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Bank OZK in a report on Thursday, October 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Bank OZK from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $58.75.

Bank OZK Stock Up 2.2%

Bank OZK stock opened at $47.04 on Friday. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week 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 firm’s 50-day simple moving average is $45.97 and its 200 day simple moving average is $48.73. The stock has a market cap of $5.26 billion, a PE ratio of 7.59 and a beta of 0.90.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, October 16th. The company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.07). Bank OZK had a net margin of 25.81% and a return on equity of 13.00%. The firm had revenue of $449.94 million during the quarter, compared to analysts’ expectations of $447.93 million. During the same quarter last year, the business posted $1.55 EPS. Research analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Institutional Trading of Bank OZK

Several hedge funds and other institutional investors have recently modified their holdings of OZK. Vident Advisory LLC purchased a new position in Bank OZK in the 1st quarter valued at approximately $344,000. Baird Financial Group Inc. boosted its holdings in shares of Bank OZK by 119.3% in the first quarter. Baird Financial Group Inc. now owns 46,080 shares of the company’s stock worth $2,002,000 after acquiring an additional 25,067 shares during the period. Royal Bank of Canada grew its position in shares of Bank OZK by 37.8% in the first quarter. Royal Bank of Canada now owns 41,257 shares of the company’s stock valued at $1,792,000 after purchasing an additional 11,310 shares in the last quarter. Amundi raised its stake in shares of Bank OZK by 134.9% during the 1st quarter. Amundi now owns 368,459 shares of the company’s stock valued at $16,010,000 after purchasing an additional 211,575 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Bank OZK by 14.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,690 shares of the company’s stock valued at $2,029,000 after purchasing an additional 5,717 shares during the period. Institutional investors own 86.18% of the company’s stock.

About Bank OZK

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.