Wells Fargo & Company Issues Positive Forecast for Bank OZK (NASDAQ:OZK) Stock Price

Bank OZK (NASDAQ:OZK - Get Free Report) had its price objective boosted by stock analysts at Wells Fargo & Company from $40.00 to $48.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective suggests a potential downside of 7.07% from the company's previous close.

Other equities research analysts have also recently issued reports about the stock. Raymond James Financial raised shares of Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price target on the stock in a research report on Tuesday. Keefe, Bruyette & Woods decreased their price target on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley decreased their price target 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. Finally, Stephens decreased their target price on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $52.75.

Bank OZK Trading Down 0.1%

Shares of OZK stock traded down $0.04 on Thursday, hitting $51.65. The stock had a trading volume of 918,841 shares, compared to its average volume of 1,216,899. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.64. The firm has a market cap of $5.87 billion, a P/E ratio of 8.47 and a beta of 0.85. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $46.28 and a two-hundred day moving average price of $45.68.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.42 by $0.05. The business had revenue of $409.23 million for the quarter, compared to analysts' expectations of $403.05 million. Bank OZK had a net margin of 25.66% and a return on equity of 13.46%. During the same period in the previous year, the firm posted $1.51 EPS. As a group, analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Institutional Trading of Bank OZK

Hedge funds and other institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Bank OZK by 176.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock worth $34,000 after purchasing an additional 486 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Bank OZK by 44.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,095 shares of the company's stock valued at $93,000 after purchasing an additional 643 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Bank OZK during the fourth quarter valued at about $660,000. Arizona State Retirement System raised its holdings in shares of Bank OZK by 1.0% in the 4th quarter. Arizona State Retirement System now owns 31,253 shares of the company's stock worth $1,392,000 after acquiring an additional 305 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Bank OZK in the 4th quarter worth about $14,077,000. Institutional investors own 86.18% of the company's stock.

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.