Morgan Stanley Increases Bank OZK (NASDAQ:OZK) Price Target to $61.00

Bank OZK (NASDAQ:OZK) had its target price increased by investment analysts at Morgan Stanley from $57.00 to $61.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 28.05% from the company’s current price.

Several other research firms have also commented on OZK. Citigroup reiterated a “sell” rating on shares of Bank OZK in a research report on Monday, January 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Bank OZK in a research report on Tuesday, January 27th. Zacks Research upgraded Bank OZK from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Stephens dropped their price objective on Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Finally, TD Cowen decreased their price target on shares of Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $57.22.

Bank OZK Price Performance

Bank OZK stock traded up $1.08 during trading hours on Monday, hitting $47.64. The stock had a trading volume of 248,402 shares, compared to its average volume of 1,376,148. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 7.73 and a beta of 0.93. The stock’s fifty day moving average is $48.11 and its two-hundred day moving average is $48.42. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.02 and a quick ratio of 1.03.

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

Institutional Investors Weigh In On Bank OZK

Institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in shares of Bank OZK in the 3rd quarter valued at about $27,000. BOKF NA purchased a new position in Bank OZK in the third quarter valued at approximately $27,000. Highline Wealth Partners LLC acquired a new position in Bank OZK during the third quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new stake in Bank OZK during the fourth quarter worth approximately $25,000. Finally, True Wealth Design LLC increased 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 acquiring an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

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.