1 day Ago By ABMN Staff
Bank OZK ( NASDAQ:OZK – Get Free Report ) was downgraded by equities research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. A number of other equities analysts have also weighed in on the stock. Citigroup lowered shares of Bank OZK from a “buy” rating to a “sell” rating and decreased their price target for the company from $57.
00 to $37.00 in a report on Wednesday, May 29th. Truist Financial upped their price objective on shares of Bank OZK from $41.
00 to $49.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Wells Fargo & Company cut their price target on shares of Bank OZK from $39.
00 to $35.00 and set an “underweight” rating on the stock in a report on Thursday, June 6th. Stephens reaffirmed an “equal weight” rating and set a $50.
00 target price on shares of Bank OZK in a report on Thursday, July 18th. Finally, StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th.
Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, Bank OZK presently has an average rating of “Hold” and an average target price of $46.71.
Read Our Latest Stock Analysis on OZK Bank OZK Stock Up 1.2 % Bank OZK ( NASDAQ:OZK – Get Free Report ) last posted its quarterly earnings data on Wednesday, July 17th. The company reported $1.
52 EPS for the quarter, meeting analysts’ consensus estimates of $1.52. The business had revenue of $416.
78 million for the quarter, compared to analyst estimates of $414.39 million. Bank OZK had a return on equity of 14.
50% and a net margin of 27.04%. The business’s revenue for the quarter was up 7.
2% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 earnings per share.
Equities research analysts anticipate that Bank OZK will post 6.01 EPS for the current fiscal year. Institutional Inflows and Outflows Hedge funds have recently made changes to their positions in the stock.
Principal Securities Inc. acquired a new stake in Bank OZK during the fourth quarter worth about $31,000. Envestnet Portfolio Solutions Inc.
grew its position in Bank OZK by 17.5% during the 4th quarter. Envestnet Portfolio Solutions Inc.
now owns 7,229 shares of the company’s stock worth $360,000 after acquiring an additional 1,079 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Bank OZK by 43.4% in the 4th quarter.
Vanguard Personalized Indexing Management LLC now owns 13,747 shares of the company’s stock valued at $685,000 after purchasing an additional 4,160 shares during the last quarter. Beacon Pointe Advisors LLC lifted its position in shares of Bank OZK by 4.1% during the fourth quarter.
Beacon Pointe Advisors LLC now owns 6,247 shares of the company’s stock worth $311,000 after purchasing an additional 247 shares in the last quarter. Finally, Norges Bank acquired a new position in Bank OZK during the 4th quarter worth $56,293,000. Institutional investors and hedge funds own 86.
18% 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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