92 Resources Reaffirms “Maintains” Rating for Bank OZK (NASDAQ:OZK)

Bank OZK (NASDAQ:OZK – Get Rating)‘s stock had its “maintains” rating reaffirmed by 92 Resources in a research note issued to investors on Tuesday, Benzinga reports.

Other analysts have also recently issued research reports about the company. Truist Financial lowered their price target on Bank OZK from $40.00 to $38.00 in a report on Monday, April 24th. UBS Group raised their price target on Bank OZK from $41.00 to $42.00 in a report on Monday, April 24th. Wells Fargo & Company decreased their price objective on Bank OZK from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 5th. StockNews.com downgraded Bank OZK from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Finally, Morgan Stanley dropped their target price on Bank OZK from $51.00 to $37.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.57.

Bank OZK Stock Up 9.6 %

Shares of NASDAQ OZK opened at $35.18 on Tuesday. Bank OZK has a 52 week low of $30.72 and a 52 week high of $49.52. The business has a 50-day simple moving average of $34.44 and a two-hundred day simple moving average of $40.53. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The company has a market cap of $4.41 billion, a P/E ratio of 7.14 and a beta of 1.37.

Bank OZK (NASDAQ:OZK – Get Rating) last released its quarterly earnings results on Friday, April 21st. The company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.02). Bank OZK had a net margin of 38.48% and a return on equity of 13.95%. The business had revenue of $375.30 million during the quarter, compared to analysts’ expectations of $361.56 million. During the same period in the previous year, the business earned $1.02 EPS. The business’s revenue was up 33.2% on a year-over-year basis. Research analysts anticipate that Bank OZK will post 5.78 earnings per share for the current fiscal year.

Institutional Trading of Bank OZK

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its holdings in shares of Bank OZK by 10.7% during the first quarter. State Street Corp now owns 12,791,703 shares of the company’s stock valued at $437,476,000 after acquiring an additional 1,235,144 shares in the last quarter. Norges Bank bought a new position in shares of Bank OZK during the fourth quarter valued at approximately $46,878,000. Millennium Management LLC raised its holdings in shares of Bank OZK by 204.2% during the fourth quarter. Millennium Management LLC now owns 1,409,391 shares of the company’s stock valued at $56,460,000 after acquiring an additional 946,106 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Bank OZK during the fourth quarter valued at approximately $31,275,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Bank OZK by 81.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 919,568 shares of the company’s stock valued at $31,449,000 after acquiring an additional 412,300 shares in the last quarter. Institutional investors own 76.17% of the company’s stock.

About Bank OZK

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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.