Bank OZK (NASDAQ:OZK) PT Raised to $51.00 at Morgan Stanley

Bank OZK (NASDAQ:OZK) had its price objective raised by equities researchers at Morgan Stanley from $48.00 to $51.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 22.07% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Stephens restated an “equal weight” rating and set a $50.00 target price on shares of Bank OZK in a research report on Thursday, July 18th. Truist Financial raised their price target on Bank OZK from $41.00 to $49.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Citigroup cut Bank OZK from a “buy” rating to a “sell” rating and dropped their price target for the company from $57.00 to $37.00 in a report on Wednesday, May 29th. StockNews.com raised Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Finally, Keefe, Bruyette & Woods raised their price target on Bank OZK from $45.00 to $47.00 and gave the company a “market perform” rating in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.71.

Bank OZK Stock Performance

Shares of OZK stock traded down $1.36 during mid-day trading on Monday, reaching $41.78. The stock had a trading volume of 702,031 shares, compared to its average volume of 1,311,785. The firm’s 50 day simple moving average is $41.89 and its 200 day simple moving average is $43.78. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. Bank OZK has a one year low of $34.76 and a one year high of $52.36. The firm has a market cap of $4.74 billion, a PE ratio of 7.00 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Wednesday, July 17th. The company reported $1.52 EPS for the quarter, hitting the consensus estimate of $1.52. The business had revenue of $416.78 million during the quarter, compared to the consensus estimate of $414.39 million. Bank OZK had a return on equity of 14.50% and a net margin of 27.04%. Bank OZK’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $1.47 EPS. On average, analysts forecast that Bank OZK will post 6.05 EPS for the current year.

Institutional Investors Weigh In On Bank OZK

Several hedge funds and other institutional investors have recently made changes to their positions in OZK. Vanguard Group Inc. boosted its position in shares of Bank OZK by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company’s stock worth $599,394,000 after purchasing an additional 502,005 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Bank OZK by 18.8% in the 4th quarter. Wellington Management Group LLP now owns 1,897,696 shares of the company’s stock worth $94,562,000 after purchasing an additional 300,025 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Bank OZK by 4.2% in the 4th quarter. First Trust Advisors LP now owns 1,279,876 shares of the company’s stock worth $63,776,000 after purchasing an additional 51,379 shares during the last quarter. Norges Bank bought a new position in shares of Bank OZK in the 4th quarter worth $56,293,000. Finally, Victory Capital Management Inc. boosted its position in shares of Bank OZK by 483.9% in the 2nd quarter. Victory Capital Management Inc. now owns 980,358 shares of the company’s stock worth $40,195,000 after purchasing an additional 812,464 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Company Profile

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.