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

Bank OZK (NASDAQ:OZK) had its target price lifted by Stephens from $48.00 to $51.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Stephens’ price target indicates a potential upside of 16.39% from the stock’s previous close.

A number of other analysts have also weighed in on OZK. Piper Sandler upped their price target on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Morgan Stanley upped their price target 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, August 5th. Truist Financial dropped their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Finally, StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $48.50.

Bank OZK Stock Performance

Shares of Bank OZK stock opened at $43.82 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. Bank OZK has a 1 year low of $34.76 and a 1 year high of $52.36. The firm’s 50-day simple moving average is $42.32 and its 200-day simple moving average is $43.00. The firm has a market cap of $4.97 billion, a PE ratio of 7.21 and a beta of 1.17.

Institutional Trading of Bank OZK

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Bank OZK by 4.4% during the fourth 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 period. AQR Capital Management LLC boosted its holdings in shares of Bank OZK by 291.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock valued at $95,848,000 after purchasing an additional 1,765,974 shares in the last quarter. Van Berkom & Associates Inc. boosted its holdings in shares of Bank OZK by 2.0% during the 2nd quarter. Van Berkom & Associates Inc. now owns 2,024,130 shares of the company’s stock valued at $82,989,000 after acquiring an additional 40,356 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Bank OZK by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 1,642,293 shares of the company’s stock valued at $67,334,000 after acquiring an additional 295,298 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Bank OZK by 196.4% during the 2nd 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 in 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.