Bank OZK (NASDAQ:OZK) Price Target Raised to $49.00 at Wells Fargo & Company

Bank OZK (NASDAQ:OZK - Get Free Report) had its target price hoisted by analysts at Wells Fargo & Company from $48.00 to $49.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price points to a potential downside of 5.69% from the company's current price.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods reduced their target price on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Stephens cut their price objective on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Finally, Raymond James Financial raised shares of Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price objective for the company in a report on Tuesday, July 8th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $52.88.

Bank OZK Stock Down 0.0%

Shares of NASDAQ OZK traded down $0.01 during trading on Monday, hitting $51.96. 173,250 shares of the company traded hands, compared to its average volume of 1,192,942. The business's fifty day moving average is $47.18 and its 200 day moving average is $46.00. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.64. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 8.43 and a beta of 0.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.04.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.07. The firm had revenue of $428.04 million for the quarter, compared to analyst estimates of $423.41 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.24%. During the same quarter in the prior year, the business earned $1.52 earnings per share. Equities research analysts predict that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of Bank OZK by 4.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,693 shares of the company's stock worth $1,029,000 after purchasing an additional 1,086 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Bank OZK by 55.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 129,980 shares of the company's stock worth $5,639,000 after purchasing an additional 46,349 shares during the period. Bank of New York Mellon Corp raised its position in Bank OZK by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,127,576 shares of the company's stock worth $48,993,000 after purchasing an additional 23,492 shares during the period. GAMMA Investing LLC lifted its holdings in Bank OZK by 5,021.2% during the 1st quarter. GAMMA Investing LLC now owns 243,668 shares of the company's stock valued at $10,587,000 after buying an additional 238,910 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Bank OZK by 1.3% during the 4th quarter. Deutsche Bank AG now owns 34,815 shares of the company's stock valued at $1,550,000 after buying an additional 455 shares in the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

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.

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