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

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

OZK has been the topic of a number of other research reports. StockNews.com raised shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. 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 report on Friday, October 18th. Truist Financial cut their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Finally, Morgan Stanley increased their target price 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $48.50.

Bank OZK Price Performance

OZK stock opened at $43.82 on Monday. The company has a market capitalization of $4.97 billion, a P/E 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. Bank OZK has a 52-week low of $34.76 and a 52-week high of $52.36. The business has a 50-day simple moving average of $42.32 and a two-hundred day simple moving average of $43.00.

Institutional Investors Weigh In On Bank OZK

Several large investors have recently added to or reduced their stakes in the stock. Vest Financial LLC raised its holdings in shares of Bank OZK by 22.7% in the 3rd quarter. Vest Financial LLC now owns 34,804 shares of the company’s stock valued at $1,496,000 after purchasing an additional 6,440 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Bank OZK by 4.0% in the third quarter. Raymond James & Associates now owns 246,234 shares of the company’s stock worth $10,586,000 after buying an additional 9,385 shares during the last quarter. Capital Investment Advisors LLC purchased a new position in shares of Bank OZK in the third quarter worth $461,000. Cardinal Capital Management raised its holdings in shares of Bank OZK by 11.1% in the third quarter. Cardinal Capital Management now owns 45,714 shares of the company’s stock worth $1,965,000 after buying an additional 4,579 shares during the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Bank OZK in the third quarter worth $219,000. 86.18% of the stock is owned by hedge funds and other 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.