Stephens analyst Matt Olney has revised the price target for BankOZK (OZK, Financial), reducing it from $59 to $54. Despite this adjustment, Olney maintains an Equal Weight rating for the bank's shares.
The firm highlights that disclosures related to the bank's Real Estate Specialties Group (RESG) appraisals are expected to bolster investor confidence in BankOZK's credit outlook. Additionally, Stephens notes that their updated forecast incorporates a slight upward revision in the bank's earnings per share (EPS) and pre-provision net revenue.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Bank OZK (OZK, Financial) is $50.00 with a high estimate of $64.00 and a low estimate of $40.00. The average target implies an upside of 20.11% from the current price of $41.63. More detailed estimate data can be found on the Bank OZK (OZK) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Bank OZK's (OZK, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Bank OZK (OZK, Financial) in one year is $51.61, suggesting a upside of 23.97% from the current price of $41.63. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Bank OZK (OZK) Summary page.
