Bank OZK (NASDAQ:OZK) Price Target Cut to $46.00 by Analysts at Truist Financial

Bank OZK (NASDAQ:OZK) had its price objective lowered by investment analysts at Truist Financial from $48.00 to $46.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective suggests a potential upside of 5.99% from the stock’s current price.

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

Bank OZK Stock Down 2.8 %

Shares of OZK traded down $1.27 during mid-day trading on Monday, hitting $43.40. 323,532 shares of the company’s stock were exchanged, compared to its average volume of 1,278,228. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 7.25 and a beta of 1.17. 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. The stock’s 50-day moving average is $42.19 and its 200-day moving average is $43.01.

Hedge Funds Weigh In On Bank OZK

Hedge funds have recently modified their holdings of the business. PSI Advisors LLC grew its position in shares of Bank OZK by 20,933.3% during the second quarter. PSI Advisors LLC now owns 631 shares of the company’s stock worth $26,000 after acquiring an additional 628 shares during the last quarter. LRI Investments LLC purchased a new position in shares of Bank OZK during the first quarter worth approximately $29,000. Versant Capital Management Inc grew its position in shares of Bank OZK by 423.0% during the second quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock worth $40,000 after acquiring an additional 791 shares during the last quarter. American National Bank & Trust purchased a new position in shares of Bank OZK during the third quarter worth approximately $44,000. Finally, Innealta Capital LLC purchased a new position in shares of Bank OZK during the second quarter worth approximately $46,000. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

About Bank OZK

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.