TD Cowen Lowers Bank OZK (NASDAQ:OZK) Price Target to $54.00

Bank OZK (NASDAQ:OZK) had its target price lowered by analysts at TD Cowen from $56.00 to $54.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price target would suggest a potential upside of 17.54% from the stock’s current price.

OZK has been the subject of several other reports. Wells Fargo & Company lifted their price objective on Bank OZK from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bank OZK in a research note on Thursday, October 30th. Stephens lowered their price objective on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods cut their target price on shares of Bank OZK from $53.00 to $50.00 and set a “market perform” rating for the company in a research report on Monday, October 20th. Finally, Morgan Stanley reduced their price target on shares of Bank OZK from $59.00 to $57.00 and set an “equal weight” rating on the stock in a report on Thursday. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Bank OZK presently has an average rating of “Hold” and a consensus price target of $56.78.

Bank OZK Stock Down 3.5%

OZK stock opened at $45.94 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average price is $46.85 and its 200 day moving average price is $48.72. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.66. The company has a market cap of $5.14 billion, a P/E ratio of 7.45 and a beta of 0.90.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Tuesday, January 20th. The company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). The company had revenue of $436.29 million during the quarter, compared to analysts’ expectations of $434.68 million. Bank OZK had a net margin of 25.50% and a return on equity of 12.65%. During the same period last year, the business posted $1.56 earnings per share. On average, research analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bank OZK

Several hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in shares of Bank OZK by 66.2% in the fourth quarter. Farther Finance Advisors LLC now owns 3,789 shares of the company’s stock valued at $174,000 after purchasing an additional 1,509 shares during the period. Tectonic Advisors LLC boosted its stake in Bank OZK by 327.8% in the 4th quarter. Tectonic Advisors LLC now owns 64,882 shares of the company’s stock worth $2,986,000 after buying an additional 49,716 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Bank OZK in the 4th quarter valued at about $25,000. Sowell Financial Services LLC grew its holdings in Bank OZK by 1.0% in the 4th quarter. Sowell Financial Services LLC now owns 40,914 shares of the company’s stock valued at $1,883,000 after buying an additional 403 shares during the period. Finally, Burns Matteson Capital Management LLC acquired a new position in shares of Bank OZK during the 4th quarter valued at about $511,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

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.