Bank OZK’s (OZK) “Neutral” Rating Reiterated at UBS Group

Bank OZK (NASDAQ:OZK)‘s stock had its “neutral” rating restated by equities research analysts at UBS Group in a research report issued on Tuesday,Benzinga reports. They presently have a $48.00 price objective on the stock, down from their prior price objective of $51.00. UBS Group’s target price suggests a potential upside of 3.47% from the company’s previous close.

OZK has been the topic of several other research reports. Stephens lowered their target price on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Citigroup reissued a “sell” rating on shares of Bank OZK in a report on Monday, January 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Bank OZK in a report on Tuesday, January 27th. Zacks Research raised shares of Bank OZK from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Finally, Piper Sandler set a $62.00 price target on Bank OZK in a report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $56.89.

Bank OZK Stock Down 1.1%

Bank OZK stock opened at $46.39 on Tuesday. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.66. The stock has a fifty day simple moving average of $46.99 and a two-hundred day simple moving average of $47.21. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.08. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 7.57 and a beta of 0.93.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Tuesday, January 20th. The company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). Bank OZK had a net margin of 25.50% and a return on equity of 12.65%. The business had revenue of $436.29 million for the quarter, compared to the consensus estimate of $434.68 million. During the same period in the previous year, the company earned $1.56 earnings per share. Equities analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Bank OZK

Several institutional investors and hedge funds have recently bought and sold shares of OZK. Root Financial Partners LLC purchased a new stake in Bank OZK in the third quarter worth about $27,000. BOKF NA bought a new position in shares of Bank OZK during the 3rd quarter valued at approximately $27,000. Highline Wealth Partners LLC bought a new position in shares of Bank OZK during the 3rd quarter valued at approximately $28,000. V Square Quantitative Management LLC bought a new position in shares of Bank OZK in the fourth quarter worth approximately $25,000. Finally, True Wealth Design LLC boosted its position in shares of Bank OZK by 147.0% in the third quarter. True Wealth Design LLC now owns 568 shares of the company’s stock worth $29,000 after purchasing an additional 338 shares during the period. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Company Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.