Wells Fargo & Company Boosts Bank OZK (NASDAQ:OZK) Price Target to $48.00

Bank OZK (NASDAQ:OZK - Get Free Report) had its price objective hoisted by stock analysts at Wells Fargo & Company from $40.00 to $48.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price would indicate a potential downside of 7.27% from the stock's previous close.

Several other analysts also recently weighed in on OZK. Raymond James Financial upgraded Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price target on the stock in a research note on Tuesday. Stephens decreased their target price on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods reduced their price target 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. Finally, Morgan Stanley cut their price objective 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. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $52.75.

Bank OZK Stock Up 1.1%

NASDAQ:OZK traded up $0.55 during mid-day trading on Thursday, hitting $51.76. 581,204 shares of the company's stock traded hands, compared to its average volume of 1,214,491. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.64. The company has a market capitalization of $5.89 billion, a P/E ratio of 8.49 and a beta of 0.85. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.02. The company has a fifty day moving average of $46.28 and a 200 day moving average of $45.68.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.05. The business had revenue of $409.23 million during 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 quarter last year, the company posted $1.51 earnings per share. On average, analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP grew its stake in shares of Bank OZK by 19.3% in the fourth quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company's stock valued at $316,281,000 after buying an additional 1,149,880 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Bank OZK by 5.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,350,220 shares of the company's stock worth $189,017,000 after purchasing an additional 220,214 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Bank OZK by 30.4% during the fourth quarter. First Trust Advisors LP now owns 2,945,480 shares of the company's stock worth $131,162,000 after purchasing an additional 686,775 shares in the last quarter. AQR Capital Management LLC increased its stake in Bank OZK by 12.6% during the 4th quarter. AQR Capital Management LLC now owns 2,811,354 shares of the company's stock worth $125,190,000 after buying an additional 314,488 shares during the period. Finally, American Century Companies Inc. increased its stake in Bank OZK by 10.5% during the 1st quarter. American Century Companies Inc. now owns 2,405,292 shares of the company's stock worth $104,510,000 after buying an additional 228,295 shares during the period. 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.