Shares of Bank Ozk (NASDAQ:OZK) have earned an average rating of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $29.75.
Several research analysts have weighed in on the company. Piper Jaffray Companies downgraded Bank Ozk from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $52.00 to $31.00 in a research note on Tuesday. Stephens reiterated a “hold” rating and issued a $28.00 target price on shares of Bank Ozk in a research note on Friday, November 9th. Brean Capital reiterated a “buy” rating on shares of Bank Ozk in a research note on Monday, October 29th. UBS Group upgraded Bank Ozk from a “sell” rating to a “neutral” rating and lowered their target price for the company from $36.00 to $27.00 in a research note on Wednesday, October 24th. They noted that the move was a valuation call. Finally, Citigroup lowered their target price on Bank Ozk from $59.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, October 22nd.
NASDAQ:OZK traded down $0.57 during mid-day trading on Monday, reaching $23.79. 1,149,671 shares of the stock were exchanged, compared to its average volume of 1,249,392. The company has a market capitalization of $3.12 billion, a PE ratio of 8.04, a P/E/G ratio of 0.64 and a beta of 1.46. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.09. Bank Ozk has a 1 year low of $23.35 and a 1 year high of $53.70.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Panagora Asset Management Inc. lifted its holdings in shares of Bank Ozk by 51.4% in the 3rd quarter. Panagora Asset Management Inc. now owns 6,040 shares of the company’s stock valued at $229,000 after buying an additional 2,050 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Bank Ozk in the 3rd quarter valued at approximately $120,000. Paradigm Asset Management Co. LLC acquired a new stake in shares of Bank Ozk in the 3rd quarter valued at approximately $121,000. Twin Tree Management LP acquired a new stake in shares of Bank Ozk in the 3rd quarter valued at approximately $141,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Bank Ozk in the 3rd quarter valued at approximately $199,000. 88.14% of the stock is owned by institutional investors and hedge funds.
Bank Ozk Company Profile
Bank OZK provides a range of retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.
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