Bank Ozk (NASDAQ:OZK) Rating Lowered to Strong Sell at BidaskClub

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BidaskClub cut shares of Bank Ozk (NASDAQ:OZK) from a sell rating to a strong sell rating in a report released on Thursday morning, BidAskClub reports.

Several other equities research analysts also recently weighed in on the stock. ValuEngine downgraded shares of Bank Ozk from a hold rating to a sell rating in a research note on Tuesday, February 4th. Piper Sandler upgraded shares of Bank Ozk from a neutral rating to an overweight rating and raised their target price for the company from $32.00 to $37.00 in a research note on Friday, January 10th. Finally, SunTrust Banks raised their target price on shares of Bank Ozk from $29.00 to $32.00 and gave the company a hold rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $32.75.

NASDAQ OZK opened at $27.87 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.00 and a current ratio of 1.02. The firm’s 50 day moving average price is $28.72 and its 200-day moving average price is $28.46. Bank Ozk has a 52-week low of $24.35 and a 52-week high of $34.34. The company has a market cap of $3.59 billion, a PE ratio of 8.42, a P/E/G ratio of 0.80 and a beta of 1.87.

Bank Ozk (NASDAQ:OZK) last released its quarterly earnings data on Thursday, January 16th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.02. Bank Ozk had a net margin of 33.53% and a return on equity of 10.57%. The firm had revenue of $245.38 million for the quarter, compared to the consensus estimate of $238.78 million. During the same period last year, the firm earned $0.89 earnings per share. On average, analysts forecast that Bank Ozk will post 2.91 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Orion Portfolio Solutions LLC acquired a new stake in shares of Bank Ozk during the fourth quarter worth $27,000. Hoey Investments Inc. acquired a new stake in shares of Bank Ozk during the fourth quarter worth $27,000. Advisory Services Network LLC lifted its stake in shares of Bank Ozk by 244.4% during the fourth quarter. Advisory Services Network LLC now owns 954 shares of the company’s stock worth $30,000 after buying an additional 677 shares during the period. Bridger Capital Management LLC acquired a new stake in shares of Bank Ozk during the third quarter worth $29,000. Finally, Atlas Private Wealth Management acquired a new stake in shares of Bank Ozk during the fourth quarter worth $31,000. Institutional investors own 83.85% of the company’s stock.

Bank Ozk Company Profile

Bank OZK provides 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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Analyst Recommendations for Bank Ozk (NASDAQ:OZK)

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