Bank OZK (NASDAQ:OZK) Given Consensus Rating of “Hold” by Brokerages

Shares of Bank OZK (NASDAQ:OZK) have earned an average recommendation of “Hold” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $58.75.

Several equities analysts have commented on the company. UBS Group dropped their target price on Bank OZK from $57.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Wall Street Zen lowered shares of Bank OZK from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Zacks Research lowered shares of Bank OZK from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Cowen restated a “buy” rating on shares of Bank OZK in a research report on Tuesday, October 21st. Finally, Wells Fargo & Company lifted their price target on shares of Bank OZK from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th.

Institutional Investors Weigh In On Bank OZK

A number of institutional investors have recently made changes to their positions in the stock. Wasatch Advisors LP raised its position in shares of Bank OZK by 34.9% during the third quarter. Wasatch Advisors LP now owns 7,437,646 shares of the company’s stock worth $379,171,000 after acquiring an additional 1,924,387 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Bank OZK by 1.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,406,933 shares of the company’s stock worth $207,390,000 after purchasing an additional 56,713 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Bank OZK by 0.6% in the 3rd quarter. First Trust Advisors LP now owns 2,808,166 shares of the company’s stock worth $143,160,000 after purchasing an additional 17,427 shares during the period. American Century Companies Inc. lifted its position in shares of Bank OZK by 4.3% in the 3rd quarter. American Century Companies Inc. now owns 2,743,655 shares of the company’s stock worth $139,872,000 after purchasing an additional 112,048 shares during the period. Finally, Van Berkom & Associates Inc. boosted its stake in shares of Bank OZK by 0.7% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,818,447 shares of the company’s stock valued at $92,704,000 after purchasing an additional 12,733 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Down 1.1%

Shares of Bank OZK stock opened at $46.02 on Friday. The firm’s 50 day moving average is $45.94 and its 200 day moving average is $48.69. The firm has a market capitalization of $5.15 billion, a PE ratio of 7.42 and a beta of 0.90. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.66. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13.

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

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.