Bank OZK price target lowered to $54 from $56 at TD Cowen

TD Cowen lowered the firm’s price target on Bank OZK (OZK) to $54 from $56 and keeps a Buy rating on the shares. The firm views the company’s Q4 report as “disappointing.” Bank OZK reported a Q4 earnings miss but prior reserve builds should help position the bank to absorb pressures, the analyst tells investors in a research note. TD believes the stock is “resetting expectations with better days likely ahead.”