Truist Financial Trims Bank OZK (NASDAQ:OZK) Target Price to $47.00

Bank OZK (NASDAQ:OZK) had its target price reduced by investment analysts at Truist Financial from $48.00 to $47.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price target would suggest a potential upside of 2.00% from the company’s current price.

A number of other brokerages also recently issued reports on OZK. Raymond James upgraded shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a report on Friday, January 5th. UBS Group downgraded shares of Bank OZK from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. StockNews.com downgraded shares of Bank OZK from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Citigroup dropped their target price on shares of Bank OZK from $62.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. Finally, Wells Fargo & Company dropped their target price on shares of Bank OZK from $41.00 to $39.00 and set an “underweight” rating for the company in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $48.25.

Bank OZK Stock Up 2.0 %

Shares of NASDAQ OZK opened at $46.08 on Monday. The company has a 50 day simple moving average of $43.55 and a 200-day simple moving average of $43.45. The company has a market capitalization of $5.21 billion, a P/E ratio of 7.72 and a beta of 1.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 1.03. Bank OZK has a 1 year low of $30.72 and a 1 year high of $52.36.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Thursday, April 18th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.07. The business had revenue of $406.02 million during the quarter, compared to the consensus estimate of $396.81 million. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. During the same quarter last year, the firm earned $1.41 EPS. On average, equities research analysts predict that Bank OZK will post 5.89 earnings per share for the current year.

Hedge Funds Weigh In On Bank OZK

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Bank OZK by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company’s stock worth $599,394,000 after acquiring an additional 502,005 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Bank OZK by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,994,821 shares of the company’s stock worth $111,018,000 after purchasing an additional 35,215 shares during the last quarter. Van Berkom & Associates Inc. lifted its position in shares of Bank OZK by 18.1% during the 3rd quarter. Van Berkom & Associates Inc. now owns 2,031,518 shares of the company’s stock worth $75,308,000 after purchasing an additional 311,293 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Bank OZK by 18.8% during the 4th quarter. Wellington Management Group LLP now owns 1,897,696 shares of the company’s stock worth $94,562,000 after purchasing an additional 300,025 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its position in shares of Bank OZK by 0.4% during the 3rd quarter. Copeland Capital Management LLC now owns 1,858,468 shares of the company’s stock worth $68,893,000 after purchasing an additional 7,039 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Company Profile

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.