Bank Ozk (NASDAQ:OZK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.

According to Zacks, “Shares of Bank OZK have underperformed the industry over the last three months. Yet, the company has a decent earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the trailing four quarters. Consistent growth in loans and deposits, along with benefits from lower tax rates and strong balance sheet, are expected to aid profitability. Further, the bank's enhanced capital deployment plan continue to increase shareholder value. However, margin pressure, despite higher interest rates, remains a major near-term concern. Also, persistently rising expenses, due to the company’s expansion strategy through de novo branching, hamper bottom-line growth to some extent.”

OZK has been the subject of several other research reports. ValuEngine cut shares of Bank Ozk from a “sell” rating to a “strong sell” rating in a report on Thursday, September 13th. Barclays cut shares of Bank Ozk from an “overweight” rating to an “underweight” rating in a report on Monday, August 13th. Stephens reissued a “hold” rating and set a $48.00 target price on shares of Bank Ozk in a report on Thursday, August 23rd. Morgan Stanley reduced their target price on shares of Bank Ozk from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, September 18th. Finally, Brean Capital reissued a “buy” rating on shares of Bank Ozk in a report on Monday, August 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.00.

Shares of Bank Ozk stock opened at $39.28 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.95 and a quick ratio of 0.95. Bank Ozk has a 1 year low of $38.11 and a 1 year high of $53.70. The firm has a market cap of $5.15 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 0.93 and a beta of 1.20.

Bank Ozk (NASDAQ:OZK) last issued its earnings results on Wednesday, July 11th. The company reported $0.89 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.89. Bank Ozk had a net margin of 41.20% and a return on equity of 12.05%. The firm had revenue of $252.05 million during the quarter, compared to analysts’ expectations of $256.21 million. equities analysts anticipate that Bank Ozk will post 3.62 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Bank Ozk stock. Oregon Public Employees Retirement Fund purchased a new stake in shares of Bank Ozk (NASDAQ:OZK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 47,485 shares of the company’s stock, valued at approximately $2,139,000. 87.04% of the stock is owned by hedge funds and other institutional investors.

Bank Ozk Company Profile

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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