Truist Financial Lowers Bank OZK (NASDAQ:OZK) Price Target to $46.00

Bank OZK (NASDAQ:OZK) had its price target cut by investment analysts at Truist Financial from $48.00 to $46.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price target suggests a potential upside of 4.97% from the stock’s previous close.

A number of other equities analysts also recently commented on OZK. Morgan Stanley raised their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Stephens restated an “equal weight” rating and set a $50.00 price objective on shares of Bank OZK in a research note on Thursday, July 18th. Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Piper Sandler raised their target price on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Bank OZK currently has a consensus rating of “Hold” and an average target price of $48.50.

Bank OZK Stock Up 2.0 %

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

Hedge Funds Weigh In On Bank OZK

Several hedge funds and other institutional investors have recently bought and sold shares of OZK. Vanguard Group Inc. raised its position in shares of Bank OZK by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company’s stock valued at $599,394,000 after purchasing an additional 502,005 shares during the period. AQR Capital Management LLC grew its position in Bank OZK by 291.5% in the second quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock worth $95,848,000 after acquiring an additional 1,765,974 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in Bank OZK by 2.0% in the second quarter. Van Berkom & Associates Inc. now owns 2,024,130 shares of the company’s stock worth $82,989,000 after purchasing an additional 40,356 shares during the last quarter. American Century Companies Inc. lifted its stake in Bank OZK by 21.9% in the second quarter. American Century Companies Inc. now owns 1,642,293 shares of the company’s stock worth $67,334,000 after purchasing an additional 295,298 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Bank OZK by 196.4% in the second quarter. Millennium Management LLC now owns 1,365,393 shares of the company’s stock worth $55,981,000 after purchasing an additional 904,782 shares during the last quarter. Institutional investors and hedge funds 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.