Bank OZK price target raised to $63 from $58 at Piper Sandler

Piper Sandler raised the firm’s price target on Bank OZK (OZK) to $63 from $58 and keeps an Overweight rating on the shares following quarterly results. The firm said shares of Bank OZK were its top-pick into Q4 and these results line up well with the firm’s expectations. Though there was some modest credit migration and 36 basis points of net charge-offs, this was all relatively minimal and well within the growing/conservative loan loss reserves, Piper Sandler told investors in a research note.