Bank OZK (NASDAQ:OZK – Get Rating) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.
Other research analysts have also recently issued research reports about the stock. Truist Financial reduced their target price on shares of Bank OZK from $50.00 to $40.00 and set a “hold” rating for the company in a report on Thursday, March 23rd. Keefe, Bruyette & Woods decreased their price target on shares of Bank OZK from $40.00 to $35.00 and set a “market perform” rating on the stock in a report on Thursday, April 6th. UBS Group raised shares of Bank OZK from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $48.00 to $47.00 in a report on Wednesday, March 15th. Wells Fargo & Company reduced their price objective on shares of Bank OZK from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 5th. Finally, Morgan Stanley dropped their target price on shares of Bank OZK from $51.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $43.67.
Bank OZK Stock Performance
Shares of NASDAQ OZK opened at $33.64 on Wednesday. The firm’s 50-day moving average price is $40.82 and its two-hundred day moving average price is $41.92. Bank OZK has a 52-week low of $31.48 and a 52-week high of $49.52. The stock has a market capitalization of $4.22 billion, a P/E ratio of 7.41 and a beta of 1.38. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.25.
Institutional Investors Weigh In On Bank OZK
A number of hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in Bank OZK during the 4th quarter worth about $46,878,000. Millennium Management LLC grew its holdings in Bank OZK by 204.2% during the 4th quarter. Millennium Management LLC now owns 1,409,391 shares of the company’s stock worth $56,460,000 after acquiring an additional 946,106 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Bank OZK in the 4th quarter valued at about $31,275,000. State Street Corp boosted its holdings in shares of Bank OZK by 3.6% in the 3rd quarter. State Street Corp now owns 12,694,232 shares of the company’s stock valued at $502,184,000 after buying an additional 442,288 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its holdings in shares of Bank OZK by 15.0% in the 4th quarter. Copeland Capital Management LLC now owns 1,803,267 shares of the company’s stock valued at $72,239,000 after buying an additional 235,072 shares in the last quarter. Hedge funds and other institutional investors own 76.17% of the company’s stock.
Bank OZK Company Profile
Bank OZK engages in the provision of community banking services. The firm offers deposit services such as checking, savings, money market, time deposit, and individual retirement accounts. It also provides loan services including types of real estate, consumer, commercial, industrial, and agricultural loans.
Further Reading
- Get a free copy of the StockNews.com research report on Bank OZK (OZK)
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