Bank OZK (NASDAQ:OZK) Receives $49.13 Consensus Target Price from Analysts

Bank OZK (NASDAQ:OZK) has received a consensus recommendation of “Hold” from the nine brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $49.13.

Several analysts recently commented on OZK shares. Stephens reduced their price objective on shares of Bank OZK from $59.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, April 21st. Wells Fargo & Company reduced their price objective on Bank OZK from $48.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods lowered their target price on Bank OZK from $50.00 to $48.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Finally, Morgan Stanley decreased their price objective on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th.

Bank OZK Trading Up 1.5 %

NASDAQ OZK opened at $43.22 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.90 billion, a P/E ratio of 7.04 and a beta of 1.05. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.64. The firm has a 50-day moving average price of $42.87 and a 200 day moving average price of $45.80.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The firm had revenue of $409.23 million for the quarter, compared to the consensus estimate of $403.05 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. During the same period in the previous year, the business earned $1.51 earnings per share. Equities research analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were issued a $0.43 dividend. The ex-dividend date of this dividend was Monday, April 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 3.98%. Bank OZK’s payout ratio is 28.20%.

Institutional Investors Weigh In On Bank OZK

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC grew its holdings in Bank OZK by 30.7% in the 3rd quarter. Barclays PLC now owns 254,874 shares of the company’s stock valued at $10,958,000 after buying an additional 59,907 shares during the period. GAMMA Investing LLC boosted its position in shares of Bank OZK by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 4,758 shares of the company’s stock worth $212,000 after acquiring an additional 606 shares during the last quarter. Rhumbline Advisers grew its holdings in Bank OZK by 1.6% in the fourth quarter. Rhumbline Advisers now owns 342,417 shares of the company’s stock valued at $15,248,000 after purchasing an additional 5,538 shares during the period. Merit Financial Group LLC acquired a new position in Bank OZK during the fourth quarter worth approximately $307,000. Finally, Park Avenue Securities LLC purchased a new position in Bank OZK during the fourth quarter worth approximately $227,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Company Profile

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.