Stephens analyst Matt Olney assigned a Hold rating to Bank OZK (NASDAQ: OZK) yesterday and set a price target of $48. The company’s shares closed yesterday at $34.85, close to its 52-week low of $34.62.
According to TipRanks.com, Olney is a 3-star analyst with an average return of 2.6% and a 43.8% success rate. Olney covers the Financial sector, focusing on stocks such as Hancock Whitney Corporation, First Western Financial Inc, and First Financial Bankshares.
Currently, the analyst consensus on Bank OZK is a Hold with an average price target of $47.33, a 35.8% upside from current levels. In a report released today, Raymond James also downgraded the stock to Hold.
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Based on Bank OZK’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $74.18 million. In comparison, last year the company had a net profit of $96.01 million.
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Bank OZK is a regional bank, which offers checking, mobile banking, business banking, commercial loans, mortgages, investments and outstanding personal service. It operates through Community Banking segment.
