Bank OZK (NASDAQ:OZK) PT Raised to $48.00 at UBS Group

Bank OZK (NASDAQ:OZKGet Rating) had its price target hoisted by analysts at UBS Group to $48.00 in a research note issued to investors on Wednesday, Stock Target Advisor reports. UBS Group’s target price would suggest a potential upside of 4.12% from the stock’s previous close.

Several other research firms have also weighed in on OZK. Piper Sandler reduced their price objective on Bank OZK to $54.00 in a research note on Friday, July 22nd. Truist Financial reduced their price objective on Bank OZK from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Tuesday, October 25th. Stephens lifted their price objective on Bank OZK from $47.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, October 24th. Finally, StockNews.com began coverage on Bank OZK in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $48.50.

Bank OZK Stock Down 1.1 %

OZK stock opened at $46.10 on Wednesday. The company’s 50 day moving average price is $42.51 and its 200 day moving average price is $40.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.98 and a current ratio of 0.98. Bank OZK has a fifty-two week low of $34.79 and a fifty-two week high of $51.39. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 10.55 and a beta of 1.36.

Bank OZK (NASDAQ:OZKGet Rating) last posted its quarterly earnings results on Thursday, October 20th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.10). The business had revenue of $323.78 million during the quarter, compared to analysts’ expectations of $305.09 million. Bank OZK had a net margin of 43.58% and a return on equity of 12.72%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 EPS. On average, equities research analysts anticipate that Bank OZK will post 4.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Bank OZK

A number of institutional investors have recently made changes to their positions in OZK. Comerica Bank raised its position in shares of Bank OZK by 1.8% in the 1st quarter. Comerica Bank now owns 62,888 shares of the company’s stock valued at $2,629,000 after purchasing an additional 1,107 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Bank OZK by 341.4% in the 1st quarter. SG Americas Securities LLC now owns 55,894 shares of the company’s stock valued at $2,387,000 after acquiring an additional 43,230 shares during the last quarter. Personal CFO Solutions LLC increased its holdings in shares of Bank OZK by 4.5% in the 1st quarter. Personal CFO Solutions LLC now owns 8,795 shares of the company’s stock valued at $376,000 after acquiring an additional 381 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Bank OZK by 2.0% in the 1st quarter. Mutual of America Capital Management LLC now owns 110,330 shares of the company’s stock valued at $4,711,000 after acquiring an additional 2,202 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC increased its holdings in shares of Bank OZK by 27.5% in the 1st quarter. Jackson Creek Investment Advisors LLC now owns 11,094 shares of the company’s stock valued at $474,000 after acquiring an additional 2,395 shares during the last quarter. 78.68% of the stock is owned by institutional investors and hedge funds.

About Bank OZK

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Bank OZK provides various retail and commercial banking services. It accepts various deposit products, including non-interest-bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. The company also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.

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