Bank Ozk (OZK) PT Set at $38.00 by Brean Capital
Bank Ozk (NASDAQ:OZK) has been given a $38.00 price objective by Brean Capital in a research report issued on Friday. The firm currently has a “buy” rating on the stock. Brean Capital’s target price would indicate a potential upside of 18.53% from the company’s current price.
Several other equities research analysts also recently issued reports on the stock. Sandler O’Neill downgraded shares of Bank Ozk from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a research note on Friday, October 19th. Wells Fargo & Co set a $40.00 target price on shares of Bank Ozk and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Barclays cut their price objective on shares of Bank Ozk from $38.00 to $27.00 and set an “underweight” rating for the company in a research report on Monday, October 22nd. Raymond James downgraded shares of Bank Ozk from an “outperform” rating to a “market perform” rating in a research report on Friday, October 19th. Finally, Stephens restated a “hold” rating and set a $48.00 price objective on shares of Bank Ozk in a research report on Thursday, October 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Bank Ozk presently has a consensus rating of “Hold” and a consensus target price of $30.22.
NASDAQ:OZK traded up $4.46 during mid-day trading on Friday, hitting $32.06. The stock had a trading volume of 5,415,400 shares, compared to its average volume of 1,627,080. Bank Ozk has a twelve month low of $21.02 and a twelve month high of $53.70. The company has a market capitalization of $4.11 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 0.79 and a beta of 1.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.96.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Bank Ozk in the second quarter worth about $1,932,000. BKD Wealth Advisors LLC acquired a new stake in shares of Bank Ozk in the third quarter worth about $304,000. State of Alaska Department of Revenue acquired a new stake in shares of Bank Ozk in the third quarter worth about $479,000. Bank of Montreal Can acquired a new stake in shares of Bank Ozk in the third quarter worth about $434,000. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Bank Ozk in the third quarter worth about $9,110,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.
About Bank Ozk
Bank OZK provides a range of 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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