TD Cowen Issues Pessimistic Forecast for Bank OZK (NASDAQ:OZK) Stock Price

Bank OZK (NASDAQ:OZK) had its price target reduced by equities researchers at TD Cowen from $61.00 to $56.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price objective suggests a potential upside of 16.50% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Cowen reaffirmed a “buy” rating on shares of Bank OZK in a report on Tuesday, October 21st. Zacks Research lowered shares of Bank OZK from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Keefe, Bruyette & Woods cut their price target on Bank OZK from $53.00 to $50.00 and set a “market perform” rating for the company in a report on Monday, October 20th. UBS Group reiterated a “neutral” rating and set a $51.00 target price on shares of Bank OZK in a research report on Tuesday. Finally, National Bankshares set a $67.00 price target on shares of Bank OZK in a report on Wednesday, September 24th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bank OZK has a consensus rating of “Hold” and a consensus price target of $57.00.

Bank OZK Stock Up 2.4%

OZK opened at $48.07 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66. The business has a 50 day moving average of $46.14 and a 200-day moving average of $48.77. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 7.75 and a beta of 0.90.

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

Hedge Funds Weigh In On Bank OZK

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC bought a new stake in shares of Bank OZK during the 3rd quarter valued at $27,000. BOKF NA acquired a new stake in shares of Bank OZK during the third quarter worth $27,000. Hantz Financial Services Inc. increased its holdings in Bank OZK by 58.2% in the second quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock valued at $28,000 after purchasing an additional 217 shares during the last quarter. Highline Wealth Partners LLC acquired a new position in Bank OZK in the third quarter valued at about $28,000. Finally, True Wealth Design LLC lifted its stake in Bank OZK by 147.0% in the third quarter. True Wealth Design LLC now owns 568 shares of the company’s stock valued at $29,000 after buying an additional 338 shares during the period. 86.18% of the stock is owned by institutional investors.

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.