TD Cowen Cuts Bank OZK (NASDAQ:OZK) Price Target to $54.00

Bank OZK (NASDAQ:OZK) had its price target decreased by TD Cowen from $56.00 to $54.00 in a research note issued to investors on Thursday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other analysts also recently issued reports on OZK. National Bankshares set a $67.00 price objective on Bank OZK in a research note on Wednesday, September 24th. Piper Sandler set a $62.00 target price on shares of Bank OZK in a report on Thursday. UBS Group reaffirmed a “neutral” rating and set a $51.00 price target on shares of Bank OZK in a research note on Tuesday, January 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Bank OZK in a research note on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $56.78.

Bank OZK Stock Down 3.5%

Shares of OZK stock opened at $45.94 on Thursday. The company’s fifty day simple moving average is $46.85 and its two-hundred day simple moving average is $48.69. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.66. The stock has a market cap of $5.14 billion, a P/E ratio of 7.45 and a beta of 0.90. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.08.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Tuesday, January 20th. The company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). The firm had revenue of $436.29 million for the quarter, compared to analysts’ expectations of $434.68 million. Bank OZK had a net margin of 25.50% and a return on equity of 12.65%. During the same quarter in the previous year, the business earned $1.56 EPS. Analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 13th were issued a $0.46 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, January 13th. This represents a $1.84 annualized dividend and a dividend yield of 4.0%. Bank OZK’s dividend payout ratio (DPR) is 29.82%.

Institutional Trading of Bank OZK

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OZK. V Square Quantitative Management LLC purchased a new position in shares of Bank OZK during the fourth quarter valued at approximately $25,000. Root Financial Partners LLC purchased a new position in Bank OZK in the 3rd quarter worth about $27,000. BOKF NA purchased a new position in Bank OZK in the 3rd quarter worth about $27,000. Hantz Financial Services Inc. lifted its holdings in Bank OZK by 58.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock valued at $28,000 after buying an additional 217 shares in the last quarter. Finally, Highline Wealth Partners LLC purchased a new stake in Bank OZK in the 3rd quarter valued at about $28,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Company Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.