UBS Group Begins Coverage on Bank OZK (NASDAQ:OZK)

Equities research analysts at UBS Group initiated coverage on shares of Bank OZK (NASDAQ:OZK) in a research report issued to clients and investors on Tuesday. The firm set a “neutral” rating on the stock.

A number of other research firms also recently issued reports on OZK. Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Wells Fargo & Company increased their price objective on shares of Bank OZK from $35.00 to $40.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd. Truist Financial cut their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, October 21st. Piper Sandler raised their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Stephens increased their target price on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $49.13.

Bank OZK Stock Performance

Bank OZK stock traded down $1.11 on Tuesday, reaching $46.60. 151,668 shares of the stock were exchanged, compared to its average volume of 1,250,507. The stock has a market cap of $5.29 billion, a PE ratio of 7.66 and a beta of 1.18. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a twelve month low of $37.43 and a twelve month high of $51.50. The firm has a fifty day moving average price of $46.33 and a two-hundred day moving average price of $43.35.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, October 17th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The business had revenue of $423.00 million for the quarter, compared to analysts’ expectations of $419.08 million. Sell-side analysts anticipate that Bank OZK will post 6.03 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of Bank OZK by 291.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock valued at $95,848,000 after buying an additional 1,765,974 shares during the period. Wellington Management Group LLP increased its stake in Bank OZK by 32.7% in the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock valued at $181,566,000 after purchasing an additional 1,041,198 shares during the last quarter. Captrust Financial Advisors increased its stake in Bank OZK by 124.6% during the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after acquiring an additional 942,309 shares during the last quarter. Millennium Management LLC boosted its holdings in Bank OZK by 196.4% in the second quarter. Millennium Management LLC now owns 1,365,393 shares of the company’s stock valued at $55,981,000 after purchasing an additional 904,782 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Bank OZK by 483.9% in the 2nd quarter. Victory Capital Management Inc. now owns 980,358 shares of the company’s stock valued at $40,195,000 after acquiring an additional 812,464 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

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.