Bank OZK (NASDAQ:OZK) Price Target Raised to $48.00

Bank OZK (NASDAQ:OZK - Get Free Report) had its price objective lifted by stock analysts at Wells Fargo & Company from $40.00 to $48.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective would indicate a potential downside of 6.94% from the company's current price.

A number of other research firms also recently weighed in on OZK. Morgan Stanley reduced 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 report on Thursday, March 13th. Raymond James Financial upgraded 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 note on Tuesday, July 8th. Keefe, Bruyette & Woods dropped 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. Finally, Stephens dropped their price target on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $52.75.

Bank OZK Stock Down 0.1%

Shares of NASDAQ:OZK traded down $0.07 during midday trading on Thursday, reaching $51.58. The company's stock had a trading volume of 1,045,251 shares, compared to its average volume of 1,211,873. The firm has a 50 day moving average of $46.43 and a 200-day moving average of $45.74. The firm has a market capitalization of $5.87 billion, a P/E ratio of 8.46 and a beta of 0.85. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.14. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.05. The firm had revenue of $409.23 million for the quarter, compared to the consensus estimate 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 prior year, the firm earned $1.51 EPS. On average, research analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Hedge Funds Weigh In On Bank OZK

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC lifted its stake in Bank OZK by 1.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company's stock valued at $498,000 after acquiring an additional 193 shares during the period. Tidal Investments LLC lifted its stake in Bank OZK by 1.0% during the 4th quarter. Tidal Investments LLC now owns 21,575 shares of the company's stock valued at $961,000 after acquiring an additional 205 shares during the period. National Bank of Canada FI lifted its stake in Bank OZK by 12.8% during the 1st quarter. National Bank of Canada FI now owns 1,960 shares of the company's stock valued at $85,000 after acquiring an additional 223 shares during the period. Bank of Montreal Can lifted its stake in Bank OZK by 0.5% during the 4th quarter. Bank of Montreal Can now owns 46,832 shares of the company's stock valued at $2,085,000 after acquiring an additional 241 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in Bank OZK by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 29,600 shares of the company's stock valued at $1,286,000 after acquiring an additional 300 shares during the period. 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.