Bank Ozk (NASDAQ:OZK)‘s stock had its “hold” rating reaffirmed by equities researchers at Stephens in a report released on Friday. They presently have a $28.00 price target on the stock. Stephens’ price objective suggests a potential upside of 5.86% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. Brean Capital reiterated a “buy” rating on shares of Bank Ozk in a research note on Monday, August 27th. Citigroup reduced their price objective on shares of Bank Ozk from $59.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, October 22nd. TheStreet cut shares of Bank Ozk from a “b-” rating to a “c+” rating in a research note on Friday, October 12th. Morgan Stanley cut shares of Bank Ozk from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $52.00 to $32.00 in a research note on Monday, October 22nd. Finally, Wells Fargo & Co set a $40.00 price objective on shares of Bank Ozk and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $32.63.
Shares of NASDAQ OZK traded down $0.67 during midday trading on Friday, hitting $26.45. The company had a trading volume of 1,549,934 shares, compared to its average volume of 3,578,675. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.09. Bank Ozk has a twelve month low of $24.15 and a twelve month high of $53.70. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 0.69 and a beta of 1.51.
Bank Ozk (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, October 18th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.32). Bank Ozk had a net margin of 38.37% and a return on equity of 11.17%. The company had revenue of $244.74 million during the quarter, compared to analyst estimates of $258.05 million. During the same quarter last year, the business earned $0.75 EPS. Equities research analysts expect that Bank Ozk will post 3.28 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. purchased a new position in Bank Ozk during the 3rd quarter valued at about $120,000. Twin Tree Management LP purchased a new position in Bank Ozk during the 3rd quarter valued at about $141,000. Whittier Trust Co. of Nevada Inc. purchased a new position in Bank Ozk during the 3rd quarter valued at about $199,000. US Bancorp DE purchased a new position in Bank Ozk during the 3rd quarter valued at about $224,000. Finally, ING Groep NV purchased a new position in Bank Ozk during the 3rd quarter valued at about $223,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.
About Bank Ozk
Bank OZK provides a range of retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.
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