Bank OZK (NASDAQ:OZK) Stock Rating Reaffirmed by Morgan Stanley

Bank OZK (NASDAQ:OZK)‘s stock had its “equal weight” rating reiterated by Morgan Stanley in a research note issued on Monday, Benzinga reports. They currently have a $48.00 price objective on the stock. Morgan Stanley’s price target would suggest a potential upside of 4.17% from the company’s current price.

Other research analysts also recently issued reports about the stock. StockNews.com downgraded shares of Bank OZK from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Truist Financial dropped their target price on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Monday. Wells Fargo & Company decreased their price target on shares of Bank OZK from $41.00 to $39.00 and set an “underweight” rating for the company in a report on Thursday, February 1st. Raymond James upgraded shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a report on Friday, January 5th. Finally, Citigroup decreased their price target on shares of Bank OZK from $62.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $48.25.

Bank OZK Stock Performance

Bank OZK stock opened at $46.08 on Monday. The firm’s 50 day simple moving average is $43.55 and its 200-day simple moving average is $43.45. The company has a market cap of $5.21 billion, a P/E ratio of 7.72 and a beta of 1.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 1.03. Bank OZK has a fifty-two week low of $30.72 and a fifty-two week high of $52.36.

Bank OZK (NASDAQ:OZK) last released its earnings results on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.07. The business had revenue of $406.02 million for the quarter, compared to the consensus estimate of $396.81 million. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. During the same period last year, the firm posted $1.41 earnings per share. As a group, equities research analysts predict that Bank OZK will post 5.89 EPS for the current year.

Institutional Trading of Bank OZK

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Bank OZK by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company’s stock worth $599,394,000 after acquiring an additional 502,005 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Bank OZK by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,994,821 shares of the company’s stock worth $111,018,000 after acquiring an additional 35,215 shares in the last quarter. Van Berkom & Associates Inc. grew its position in Bank OZK by 18.1% in the third quarter. Van Berkom & Associates Inc. now owns 2,031,518 shares of the company’s stock worth $75,308,000 after acquiring an additional 311,293 shares in the last quarter. Wellington Management Group LLP grew its position in Bank OZK by 18.8% in the fourth quarter. Wellington Management Group LLP now owns 1,897,696 shares of the company’s stock worth $94,562,000 after acquiring an additional 300,025 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its holdings in shares of Bank OZK by 0.4% during the 3rd quarter. Copeland Capital Management LLC now owns 1,858,468 shares of the company’s stock worth $68,893,000 after buying an additional 7,039 shares during the period. 86.18% of the stock is owned by institutional investors.

Bank OZK Company Profile

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.