Zacks Investment Research downgraded shares of Bank Ozk (NASDAQ:OZK) from a hold rating to a sell rating in a report released on Tuesday morning.
According to Zacks, “Shares of Bank OZK have underperformed the industry over the last six months. Yet, the company has a decent earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the trailing four quarters. While consistent growth in loans and deposits, along with benefits from lower tax rates and strong balance sheet, are expected to aid profitability, margin pressure, despite higher interest rates, remains a major concern. Also, persistently rising expenses, due to the company’s expansion strategy through de novo branching, might hurt bottom-line growth in the quarters ahead.”
Several other analysts also recently commented on the stock. ValuEngine upgraded shares of Bank Ozk from a strong sell rating to a sell rating in a research report on Friday, September 7th. Brean Capital restated a buy rating on shares of Bank Ozk in a research report on Monday, August 27th. Stephens reaffirmed a hold rating and set a $48.00 target price on shares of Bank Ozk in a research note on Thursday, August 23rd. Finally, Barclays cut shares of Bank Ozk from an overweight rating to an underweight rating in a research note on Monday, August 13th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $48.00.
Shares of OZK stock opened at $38.69 on Tuesday. The firm has a market cap of $5.06 billion, a PE ratio of 13.07, a PEG ratio of 0.91 and a beta of 1.20. Bank Ozk has a one year low of $38.43 and a one year high of $53.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.95 and a current ratio of 0.95.
Bank Ozk (NASDAQ:OZK) last announced its quarterly earnings data on Wednesday, July 11th. The company reported $0.89 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.89. The firm had revenue of $252.05 million for the quarter, compared to the consensus estimate of $256.21 million. Bank Ozk had a net margin of 41.20% and a return on equity of 12.05%. equities analysts forecast that Bank Ozk will post 3.62 EPS for the current fiscal year.
An institutional investor recently bought a new position in Bank Ozk stock. Public Employees Retirement System of Ohio bought a new stake in shares of Bank Ozk (NASDAQ:OZK) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 42,895 shares of the company’s stock, valued at approximately $1,932,000. 87.06% of the stock is owned by institutional investors.
Bank Ozk Company Profile
Bank OZK provides a range of retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.
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