Bank Ozk (OZK) Shares Gap Down to $24.18

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Shares of Bank Ozk (NASDAQ:OZK) gapped down before the market opened on Thursday . The stock had previously closed at $22.17, but opened at $24.18. Bank Ozk shares last traded at $24.00, with a volume of 937063 shares traded.

OZK has been the topic of a number of analyst reports. Brean Capital reaffirmed a “buy” rating and set a $54.00 target price on shares of Bank Ozk in a research report on Friday, October 19th. They noted that the move was a valuation call. Sandler O’Neill lowered Bank Ozk from a “buy” rating to a “hold” rating and set a $29.00 target price on the stock. in a research report on Friday, October 19th. Wells Fargo & Co set a $40.00 target price on Bank Ozk and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. Raymond James lowered Bank Ozk from an “outperform” rating to a “market perform” rating in a research report on Friday, October 19th. Finally, Barclays dropped their target price on Bank Ozk from $38.00 to $27.00 and set an “underweight” rating on the stock in a research report on Monday, October 22nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $32.44.

The stock has a market capitalization of $3.12 billion, a PE ratio of 7.86, a PEG 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 (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, October 18th. The company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.32). The firm had revenue of $244.74 million during the quarter, compared to the consensus estimate of $258.05 million. Bank Ozk had a net margin of 38.37% and a return on equity of 11.17%. During the same period in the prior year, the firm earned $0.75 earnings per share. Analysts predict that Bank Ozk will post 3.18 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in OZK. Benjamin F. Edwards & Company Inc. bought a new stake in Bank Ozk in the third quarter valued at about $120,000. Paradigm Asset Management Co. LLC bought a new stake in Bank Ozk in the third quarter valued at about $121,000. Twin Tree Management LP bought a new stake in Bank Ozk in the third quarter valued at about $141,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Bank Ozk in the third quarter valued at about $199,000. Finally, ING Groep NV bought a new stake in Bank Ozk in the third quarter valued at about $223,000. 88.14% of the stock is owned by hedge funds and other institutional investors.

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About Bank Ozk (NASDAQ:OZK)

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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