Bank OZK (NASDAQ:OZK) Coverage Initiated at UBS Group

Equities researchers at UBS Group initiated coverage on shares of Bank OZK (NASDAQ:OZK) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm set a “neutral” rating and a $51.00 price target on the stock. UBS Group’s price target indicates a potential upside of 16.46% from the company’s current price.

Several other equities analysts also recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. Truist Financial lowered their price target on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Piper Sandler lifted their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Raymond James cut shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Finally, Stephens lifted their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $49.33.

Bank OZK Price Performance

Shares of NASDAQ:OZK opened at $43.79 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. Bank OZK has a 1-year low of $37.43 and a 1-year high of $51.50. The company has a market capitalization of $4.97 billion, a P/E ratio of 7.20 and a beta of 1.18. The firm’s 50 day simple moving average is $46.54 and its two-hundred day simple moving average is $43.43.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The business had revenue of $423.00 million for the quarter, compared to the consensus estimate of $419.08 million. Research analysts expect that Bank OZK will post 6.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Bank OZK

Several large investors have recently bought and sold shares of the business. AQR Capital Management LLC increased its position in Bank OZK by 291.5% during the second quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock valued at $95,848,000 after acquiring an additional 1,765,974 shares during the last quarter. Wellington Management Group LLP increased its position in Bank OZK by 32.7% during the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock valued at $181,566,000 after acquiring an additional 1,041,198 shares during the last quarter. Captrust Financial Advisors increased its position in Bank OZK by 124.6% during the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock valued at $73,034,000 after acquiring an additional 942,309 shares during the last quarter. Millennium Management LLC increased its position in Bank OZK by 196.4% during the second quarter. Millennium Management LLC now owns 1,365,393 shares of the company’s stock valued at $55,981,000 after acquiring an additional 904,782 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Bank OZK by 483.9% during the second quarter. Victory Capital Management Inc. now owns 980,358 shares of the company’s stock valued at $40,195,000 after acquiring an additional 812,464 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

About Bank OZK

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.