Bank Ozk (OZK) Receives $29.57 Average Target Price from Analysts
Shares of Bank Ozk (NASDAQ:OZK) have earned an average recommendation of “Hold” from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $29.75.
Several research analysts have recently commented on OZK shares. Piper Jaffray Companies lowered Bank Ozk from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $52.00 to $31.00 in a report on Tuesday. Brean Capital reiterated a “buy” rating on shares of Bank Ozk in a report on Monday, August 27th. Raymond James lowered Bank Ozk from an “outperform” rating to a “market perform” rating in a report on Friday, October 19th. ValuEngine upgraded Bank Ozk from a “strong sell” rating to a “sell” rating in a report on Saturday, August 18th. Finally, Morgan Stanley lowered Bank Ozk from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $52.00 to $32.00 in a report on Monday, October 22nd.
OZK stock traded down $0.16 during midday trading on Monday, reaching $24.02. The stock had a trading volume of 58,878 shares, compared to its average volume of 1,285,635. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $3.10 billion, a P/E ratio of 8.16, a PEG ratio of 0.63 and a beta of 1.46. Bank Ozk has a 52-week low of $24.07 and a 52-week high of $53.70.
A number of institutional investors and hedge funds have recently modified their holdings of OZK. Vanguard Group Inc. purchased a new stake in Bank Ozk in the 3rd quarter valued at about $445,842,000. BlackRock Inc. purchased a new stake in Bank Ozk in the 3rd quarter valued at about $411,309,000. FMR LLC purchased a new stake in Bank Ozk in the 3rd quarter valued at about $227,092,000. Epoch Investment Partners Inc. purchased a new stake in Bank Ozk in the 3rd quarter valued at about $168,824,000. Finally, Neuberger Berman Group LLC purchased a new stake in Bank Ozk in the 3rd quarter valued at about $128,579,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.
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.
Read More: Marijuana Stocks Investing Considerations
Receive News & Ratings for Bank Ozk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank Ozk and related companies with MarketBeat.com's FREE daily email newsletter.