Bank OZK (NASDAQ:OZK) Cut to “Sell” at StockNews.com

Bank OZK (NASDAQ:OZKGet Free Report) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

A number of other research firms have also recently commented on OZK. UBS Group cut Bank OZK from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Truist Financial boosted their price target on Bank OZK from $38.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, December 15th. Wells Fargo & Company lowered their price target on Bank OZK from $41.00 to $39.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. Citigroup lowered their price target on Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. Finally, Raymond James raised Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a research note on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $47.38.

Check Out Our Latest Analysis on OZK

Bank OZK Stock Down 2.4 %

OZK stock opened at $43.74 on Friday. Bank OZK has a twelve month low of $30.72 and a twelve month high of $52.36. The company has a quick ratio of 1.05, a current ratio of 1.03 and a debt-to-equity ratio of 0.27. The stock has a market cap of $4.95 billion, a P/E ratio of 7.45 and a beta of 1.26. The business’s 50-day moving average price is $44.12 and its 200-day moving average price is $42.36.

Bank OZK (NASDAQ:OZKGet Free Report) last posted its quarterly earnings data on Friday, January 19th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.04. Bank OZK had a return on equity of 15.13% and a net margin of 30.69%. The firm had revenue of $407.58 million for the quarter, compared to analysts’ expectations of $396.54 million. During the same period in the previous year, the firm earned $1.34 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. On average, equities research analysts forecast that Bank OZK will post 5.93 EPS for the current year.

Hedge Funds Weigh In On Bank OZK

Several large investors have recently modified their holdings of OZK. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Bank OZK by 74.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,606 shares of the company’s stock worth $538,000 after buying an additional 5,383 shares during the period. Bank of Montreal Can lifted its holdings in shares of Bank OZK by 2.1% in the 1st quarter. Bank of Montreal Can now owns 62,797 shares of the company’s stock worth $2,738,000 after buying an additional 1,308 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Bank OZK by 33.5% in the 1st quarter. MetLife Investment Management LLC now owns 78,203 shares of the company’s stock worth $3,339,000 after buying an additional 19,621 shares during the period. Rhumbline Advisers lifted its holdings in shares of Bank OZK by 0.4% in the 1st quarter. Rhumbline Advisers now owns 328,506 shares of the company’s stock worth $14,027,000 after buying an additional 1,212 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Bank OZK by 10.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 44,341 shares of the company’s stock worth $1,893,000 after buying an additional 4,262 shares during the period. Institutional investors own 84.84% of the company’s stock.

Bank OZK Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Bank OZK (NASDAQ:OZK)

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