Bank OZK (NASDAQ:OZK) Rating Increased to Hold at StockNews.com

Bank OZK (NASDAQ:OZK) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other research analysts also recently issued research reports about the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $35.00 price objective on shares of Bank OZK in a research report on Monday, July 24th. Stephens upped their price objective on shares of Bank OZK from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, July 24th. Finally, Truist Financial upped their price objective on shares of Bank OZK from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, July 25th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Bank OZK currently has a consensus rating of “Hold” and a consensus price target of $40.50.

Bank OZK Trading Down 0.0 %

NASDAQ OZK opened at $38.56 on Friday. The company has a market capitalization of $4.84 billion, a PE ratio of 7.28 and a beta of 1.44. The company has a fifty day moving average of $41.43 and a 200 day moving average of $38.48. Bank OZK has a 1 year low of $30.72 and a 1 year high of $49.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.02.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Friday, July 21st. The company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $388.81 million during the quarter, compared to analyst estimates of $374.41 million. Bank OZK had a return on equity of 14.60% and a net margin of 35.47%. The company’s revenue was up 33.1% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. Research analysts forecast that Bank OZK will post 5.75 earnings per share for the current year.

Institutional Trading of Bank OZK

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in Bank OZK by 1,508.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,313,676 shares of the company’s stock valued at $173,237,000 after acquiring an additional 4,045,472 shares in the last quarter. Royal Bank of Canada grew its stake in Bank OZK by 105.3% during the 2nd quarter. Royal Bank of Canada now owns 75,615 shares of the company’s stock valued at $3,037,000 after acquiring an additional 1,502,923 shares in the last quarter. State Street Corp grew its stake in Bank OZK by 10.7% during the 1st quarter. State Street Corp now owns 12,791,703 shares of the company’s stock valued at $437,476,000 after acquiring an additional 1,235,144 shares in the last quarter. Norges Bank purchased a new stake in Bank OZK during the 4th quarter valued at about $46,878,000. Finally, Millennium Management LLC grew its stake in Bank OZK by 204.2% during the 4th quarter. Millennium Management LLC now owns 1,409,391 shares of the company’s stock valued at $56,460,000 after acquiring an additional 946,106 shares in the last quarter. Hedge funds and other institutional investors own 84.84% of the company’s stock.

About Bank OZK

Bank OZK provides various retail and commercial banking services. The company 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. It also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural equipment, small business, lines of credit, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.