Bank OZK’s (OZK) Equal Weight Rating Reiterated at Stephens

Bank OZK (NASDAQ:OZK)‘s stock had its “equal weight” rating restated by Stephens in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $53.00 price target on the stock. Stephens’ price target points to a potential upside of 9.98% from the company’s current price.

OZK has been the subject of several other research reports. Wells Fargo & Company increased their target price on shares of Bank OZK from $35.00 to $40.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 3rd. 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 report on Friday, October 18th. Truist Financial lowered their target price on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, October 21st. Finally, UBS Group started coverage on Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Bank OZK currently has an average rating of “Hold” and an average price target of $48.50.

Bank OZK Stock Performance

NASDAQ OZK traded up $2.85 on Friday, reaching $48.19. The stock had a trading volume of 1,545,068 shares, compared to its average volume of 1,530,676. The stock has a market cap of $5.47 billion, a P/E ratio of 7.91 and a beta of 1.20. Bank OZK has a 12-month low of $37.43 and a 12-month high of $51.50. The business’s 50-day moving average price is $46.35 and its 200 day moving average price is $44.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02.

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

Hedge Funds Weigh In On Bank OZK

Institutional investors and hedge funds have recently made changes to their positions in the stock. Assetmark Inc. boosted its holdings in Bank OZK by 73.8% during the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after buying an additional 411 shares in the last quarter. American National Bank & Trust acquired a new stake in shares of Bank OZK in the 3rd quarter worth approximately $44,000. Abich Financial Wealth Management LLC purchased a new position in Bank OZK in the 2nd quarter valued at approximately $49,000. Capital Performance Advisors LLP acquired a new position in Bank OZK during the third quarter worth $61,000. Finally, Venturi Wealth Management LLC raised its holdings in Bank OZK by 424.8% during the third quarter. Venturi Wealth Management LLC now owns 1,590 shares of the company’s stock worth $68,000 after purchasing an additional 1,287 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

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.