Truist Financial Lowers Bank OZK (NASDAQ:OZK) Price Target to $46.00

Bank OZK (NASDAQ:OZK) had its price objective decreased by analysts at Truist Financial from $48.00 to $46.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price suggests a potential upside of 4.97% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley lifted their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Stephens restated an “equal weight” rating and issued a $50.00 price target on shares of Bank OZK in a report on Thursday, July 18th. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Piper Sandler boosted their price target on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $48.50.

Bank OZK Stock Performance

OZK opened at $43.82 on Monday. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 7.21 and a beta of 1.17. The company has a fifty day moving average of $42.32 and a 200 day moving average of $43.00. Bank OZK has a fifty-two week low of $34.76 and a fifty-two week high of $52.36. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC increased its stake in shares of Bank OZK by 4.0% in the first quarter. Tidal Investments LLC now owns 5,491 shares of the company’s stock worth $250,000 after acquiring an additional 210 shares during the period. HB Wealth Management LLC boosted its holdings in Bank OZK by 3.9% during the first quarter. HB Wealth Management LLC now owns 6,607 shares of the company’s stock worth $300,000 after buying an additional 249 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in Bank OZK by 8.3% during the second quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock worth $208,000 after buying an additional 388 shares in the last quarter. Naples Global Advisors LLC boosted its holdings in Bank OZK by 2.5% during the second quarter. Naples Global Advisors LLC now owns 16,550 shares of the company’s stock worth $679,000 after buying an additional 400 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Bank OZK by 0.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 82,134 shares of the company’s stock worth $3,733,000 after buying an additional 409 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

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.