Bank OZK (NASDAQ:OZK) Price Target Cut to $54.00 by Analysts at Stephens

Bank OZK (NASDAQ:OZK - Get Free Report) had its price objective lowered by research analysts at Stephens from $59.00 to $54.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Stephens' price target would suggest a potential upside of 26.40% from the company's previous close.

Several other equities analysts have also recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Wells Fargo & Company lowered their price objective on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Bank OZK has a consensus rating of "Hold" and an average target price of $49.13.

Bank OZK Trading Up 0.2 %

NASDAQ:OZK traded up $0.09 during trading hours on Monday, hitting $42.72. The company had a trading volume of 811,977 shares, compared to its average volume of 1,334,181. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The stock has a 50-day moving average price of $43.33 and a 200 day moving average price of $45.80. The company has a market capitalization of $4.85 billion, a PE ratio of 6.96 and a beta of 1.05. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $409.23 million for the quarter, compared to analyst estimates of $403.05 million. During the same period in the previous year, the company posted $1.51 earnings per share. On average, equities research analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Bank OZK by 30.7% in the third quarter. Barclays PLC now owns 254,874 shares of the company's stock worth $10,958,000 after buying an additional 59,907 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Bank OZK by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 4,758 shares of the company's stock valued at $212,000 after purchasing an additional 606 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Bank OZK by 1.6% during the 4th quarter. Rhumbline Advisers now owns 342,417 shares of the company's stock valued at $15,248,000 after purchasing an additional 5,538 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Bank OZK in the fourth quarter worth about $307,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of Bank OZK in the fourth quarter worth about $227,000. 86.18% of the stock is currently owned by institutional investors.

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.