Bank OZK (NASDAQ:OZK) Given New $48.00 Price Target at Truist Financial

Bank OZK (NASDAQ:OZK - Get Free Report) had its price objective reduced by analysts at Truist Financial from $52.00 to $48.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a "hold" rating on the stock. Truist Financial's price target would indicate a potential upside of 6.95% from the stock's current price.

A number of other research analysts also recently issued reports on OZK. Citigroup decreased their target price on shares of Bank OZK from $62.00 to $57.00 and set a "buy" rating for the company in a research report on Wednesday, March 13th. Wells Fargo & Company dropped their price target on shares of Bank OZK from $41.00 to $39.00 and set an "underweight" rating for the company in a research note on Thursday, February 1st. Raymond James raised shares of Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price target for the company in a research note on Friday, January 5th. StockNews.com lowered shares of Bank OZK from a "hold" rating to a "sell" rating in a report on Friday, March 22nd. Finally, UBS Group lowered shares of Bank OZK from a "buy" rating to a "neutral" rating in a report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $46.50.

Bank OZK Trading Down 1.3 %

Shares of Bank OZK stock traded down $0.58 on Monday, hitting $44.88. 924,074 shares of the company traded hands, compared to its average volume of 1,220,610. The stock's 50 day moving average price is $43.96 and its 200-day moving average price is $42.61. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.27. Bank OZK has a 52 week low of $30.72 and a 52 week high of $52.36. The company has a market cap of $5.08 billion, a PE ratio of 7.65 and a beta of 1.27.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings data on Friday, January 19th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.04. The company had revenue of $407.58 million for the quarter, compared to analyst estimates of $396.54 million. Bank OZK had a net margin of 30.69% and a return on equity of 15.13%. Bank OZK's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $1.34 earnings per share. Equities research analysts predict that Bank OZK will post 5.93 EPS for the current year.

Institutional Investors Weigh In On Bank OZK

A number of hedge funds and other institutional investors have recently modified their holdings of OZK. Lazard Asset Management LLC acquired a new stake in shares of Bank OZK in the 1st quarter valued at $25,000. Steward Partners Investment Advisory LLC lifted its position in Bank OZK by 66.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 581 shares of the company's stock valued at $29,000 after acquiring an additional 231 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Bank OZK in the fourth quarter valued at about $31,000. Geneos Wealth Management Inc. raised its holdings in shares of Bank OZK by 94.0% in the first quarter. Geneos Wealth Management Inc. now owns 776 shares of the company's stock valued at $33,000 after buying an additional 376 shares during the last quarter. Finally, Bare Financial Services Inc acquired a new position in shares of Bank OZK during the fourth quarter worth about $36,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

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.