Truist Financial Trims Bank OZK (NASDAQ:OZK) Target Price to $47.00

Bank OZK (NASDAQ:OZK - Get Free Report) had its price objective cut by equities researchers at Truist Financial from $48.00 to $47.00 in a report released on Monday, Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price objective would suggest a potential upside of 4.03% from the company's current price.

A number of other brokerages also recently weighed in on OZK. UBS Group downgraded shares of Bank OZK from a "buy" rating to a "neutral" rating in a research note on Monday, January 8th. StockNews.com downgraded shares of Bank OZK from a "hold" rating to a "sell" rating in a research note on Friday, March 22nd. Citigroup dropped their price target on shares of Bank OZK from $62.00 to $57.00 and set a "buy" rating for the company in a research note 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. Finally, 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $48.25.

Bank OZK Price Performance

OZK stock traded up $0.24 during trading on Monday, hitting $45.18. 1,514,686 shares of the stock traded hands, compared to its average volume of 1,204,575. Bank OZK has a one year low of $30.72 and a one year high of $52.36. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 7.57 and a beta of 1.27. The company has a 50 day simple moving average of $43.42 and a 200 day simple moving average of $43.33. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its earnings results on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.07. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. The company had revenue of $406.02 million during the quarter, compared to the consensus estimate of $396.81 million. During the same period in the previous year, the firm posted $1.41 earnings per share. Equities analysts expect that Bank OZK will post 5.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of Bank OZK in the fourth quarter valued at approximately $31,000. Bare Financial Services Inc acquired a new position in shares of Bank OZK in the fourth quarter valued at approximately $36,000. SRS Capital Advisors Inc. boosted its holdings in shares of Bank OZK by 303.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 929 shares of the company's stock valued at $46,000 after buying an additional 699 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Bank OZK by 25.5% in the third quarter. Fifth Third Bancorp now owns 1,487 shares of the company's stock valued at $55,000 after buying an additional 302 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Bank OZK by 601.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,402 shares of the company's stock valued at $69,000 after buying an additional 1,202 shares during the period. Institutional investors and hedge funds own 86.18% of the company's stock.

Bank OZK Company Profile

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.