Bank OZK (NASDAQ:OZK) Given New $54.00 Price Target at Keefe, Bruyette & Woods

Bank OZK (NASDAQ:OZK) had its price target raised by research analysts at Keefe, Bruyette & Woods from $52.00 to $54.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods‘s price target would indicate a potential upside of 6.10% from the stock’s current price.

Several other brokerages also recently commented on OZK. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. TD Cowen cut their price target on Bank OZK from $52.00 to $50.00 and set a “hold” rating for the company in a report on Monday, October 5th. Wells Fargo & Company reduced their price objective on Bank OZK from $56.00 to $51.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 29th. Zacks Research upgraded shares of Bank OZK from a “strong sell” rating to a “hold” rating in a research note on Friday, September 25th. Finally, UBS Group boosted their target price on shares of Bank OZK from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $55.14.

Bank OZK Stock Performance

OZK stock traded down $0.42 during mid-day trading on Friday, reaching $50.89. 190,091 shares of the stock traded hands, compared to its average volume of 1,304,570. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.21. Bank OZK has a 52 week low of $42.37 and a 52 week high of $53.39. The business has a 50-day moving average of $47.82 and a two-hundred day moving average of $48.46. The firm has a market capitalization of $5.69 billion, a PE ratio of 8.54 and a beta of 0.92.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.07. Bank OZK had a return on equity of 11.56% and a net margin of 24.70%. The business had revenue of $391.48 million for the quarter, compared to analyst estimates of $434.83 million. During the same period in the previous year, the company posted $1.59 earnings per share. As a group, equities analysts predict that Bank OZK will post 5.91 EPS for the current fiscal year.

Institutional Trading of Bank OZK

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. bought a new position in Bank OZK during the third quarter worth about $4,442,000. Aviance Capital Partners LLC grew its stake in shares of Bank OZK by 3.2% in the 3rd quarter. Aviance Capital Partners LLC now owns 26,697 shares of the company’s stock valued at $1,227,000 after purchasing an additional 817 shares during the period. MGO One Seven LLC grew its stake in shares of Bank OZK by 11.3% in the 3rd quarter. MGO One Seven LLC now owns 5,993 shares of the company’s stock valued at $275,000 after purchasing an additional 608 shares during the period. Choreo LLC grew its stake in shares of Bank OZK by 12.5% in the 3rd quarter. Choreo LLC now owns 10,438 shares of the company’s stock valued at $480,000 after purchasing an additional 1,162 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in shares of Bank OZK by 12.7% in the 3rd quarter. D.A. Davidson & CO. now owns 6,989 shares of the company’s stock worth $321,000 after buying an additional 786 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

About Bank OZK

Bank OZK (NASDAQ:OZK) is a regional financial institution headquartered in Little Rock, Arkansas. The company provides banking services to individuals, businesses and institutions, including deposit accounts, commercial and consumer loans, mortgage lending, treasury management and online and mobile banking.

Bank OZK also operates specialized lending businesses, including its Real Estate Specialties Group, which provides financing for commercial real estate development and other complex real estate projects.