Analysts Set Bank OZK (NASDAQ:OZK) Target Price at $56.89

Bank OZK (NASDAQ:OZK) has earned a consensus rating of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $56.3333.

Several brokerages have recently issued reports on OZK. Wells Fargo & Company raised their price objective on Bank OZK from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, March 30th. UBS Group assumed coverage on shares of Bank OZK in a report on Tuesday, April 7th. They issued a “neutral” rating and a $48.00 price target on the stock. Weiss Ratings raised shares of Bank OZK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Wall Street Zen upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Morgan Stanley upped their price objective on shares of Bank OZK from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Monday.

Institutional Investors Weigh In On Bank OZK

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new position in shares of Bank OZK in the 4th quarter valued at about $25,000. BOKF NA acquired a new stake in Bank OZK during the third quarter worth about $27,000. Bayforest Capital Ltd grew its holdings in Bank OZK by 100.5% during the fourth quarter. Bayforest Capital Ltd now owns 766 shares of the company’s stock worth $35,000 after acquiring an additional 384 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in Bank OZK during the fourth quarter valued at approximately $36,000. Finally, Transamerica Financial Advisors LLC raised its position in Bank OZK by 111.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 830 shares of the company’s stock valued at $38,000 after acquiring an additional 437 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Trading Up 0.9%

NASDAQ:OZK opened at $52.09 on Friday. The company has a market capitalization of $5.83 billion, a P/E ratio of 8.48 and a beta of 0.90. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.14. Bank OZK has a 12 month low of $42.37 and a 12 month high of $53.66. The firm has a fifty day simple moving average of $48.99 and a 200-day simple moving average of $47.87.

Bank OZK (NASDAQ:OZK) last released its earnings results on Tuesday, April 21st. The company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.02). The firm had revenue of $424.32 million during the quarter, compared to analyst estimates of $422.62 million. Bank OZK had a net margin of 25.27% and a return on equity of 12.32%. Bank OZK’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.47 earnings per share. On average, equities research analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK declared that its board has initiated a share repurchase plan on Monday, June 29th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to repurchase up to 3.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.