Bank OZK (NASDAQ:OZK) Given Average Rating of “Hold” by Analysts

Bank OZK (NASDAQ:OZK) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $58.75.

OZK has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Bank OZK in a research note on Thursday, October 30th. Keefe, Bruyette & Woods lowered their price objective on shares of Bank OZK from $53.00 to $50.00 and set a “market perform” rating for the company in a research note on Monday, October 20th. Morgan Stanley boosted their target price on shares of Bank OZK from $55.00 to $63.00 and gave the company an “underperform” rating in a research report on Monday, September 29th. Wall Street Zen cut shares of Bank OZK from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Zacks Research lowered shares of Bank OZK from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its stake in Bank OZK by 34.9% during the 3rd quarter. Wasatch Advisors LP now owns 7,437,646 shares of the company’s stock valued at $379,171,000 after purchasing an additional 1,924,387 shares in the last quarter. Norges Bank bought a new position in Bank OZK in the 2nd quarter valued at about $68,960,000. Mackenzie Financial Corp lifted its position in Bank OZK by 767.1% in the 2nd quarter. Mackenzie Financial Corp now owns 566,662 shares of the company’s stock valued at $26,667,000 after acquiring an additional 501,308 shares in the last quarter. Senvest Management LLC boosted its stake in Bank OZK by 24.4% during the 2nd quarter. Senvest Management LLC now owns 1,581,582 shares of the company’s stock valued at $74,429,000 after purchasing an additional 310,707 shares during the last quarter. Finally, Fairholme Capital Management LLC increased its holdings in Bank OZK by 45.1% during the 2nd quarter. Fairholme Capital Management LLC now owns 916,752 shares of the company’s stock worth $43,142,000 after purchasing an additional 285,150 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

Shares of Bank OZK stock opened at $46.02 on Friday. The business has a 50-day moving average price of $45.94 and a two-hundred day moving average price of $48.69. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. The company has a market cap of $5.15 billion, a P/E ratio of 7.42 and a beta of 0.90.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, October 16th. The company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). Bank OZK had a net margin of 25.81% and a return on equity of 13.00%. The business had revenue of $449.94 million during the quarter, compared to analyst estimates of $447.93 million. During the same period in the prior year, the firm earned $1.55 earnings per share. As a group, analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

About Bank OZK

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.