Bank OZK (NASDAQ:OZK) Receives $58.75 Consensus Target Price from Analysts

Bank OZK (NASDAQ:OZK) has earned an average rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $58.75.

Several brokerages have recently issued reports on OZK. Wall Street Zen lowered shares of Bank OZK from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Morgan Stanley raised their price target on shares of Bank OZK from $55.00 to $63.00 and gave the company an “underperform” rating in a research note on Monday, September 29th. Stephens upgraded Bank OZK from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $58.00 to $65.00 in a report on Wednesday, August 20th. UBS Group cut their price objective on Bank OZK from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, October 28th. Finally, National Bankshares set a $67.00 target price on Bank OZK in a research report on Wednesday, September 24th.

Bank OZK Trading Down 0.2%

Shares of OZK stock opened at $48.70 on Monday. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 7.85 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a 50 day simple moving average of $46.37 and a 200-day simple moving average of $48.48.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, October 16th. The company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). The company had revenue of $449.94 million during the quarter, compared to analyst estimates of $447.93 million. Bank OZK had a net margin of 25.81% and a return on equity of 13.00%. During the same period in the prior year, the business posted $1.55 EPS. On average, equities research analysts expect that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 14th were paid a $0.45 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, October 14th. Bank OZK’s payout ratio is 29.03%.

Institutional Trading of Bank OZK

Hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new position in shares of Bank OZK during the 3rd quarter worth approximately $27,000. BOKF NA acquired a new stake in shares of Bank OZK in the third quarter valued at approximately $27,000. Hantz Financial Services Inc. lifted its position in Bank OZK by 58.2% during the second quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock worth $28,000 after buying an additional 217 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in Bank OZK during the third quarter worth $28,000. Finally, True Wealth Design LLC boosted its stake in Bank OZK by 147.0% during the third quarter. True Wealth Design LLC now owns 568 shares of the company’s stock worth $29,000 after buying an additional 338 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

About Bank OZK

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.