Brokerages Set Bank OZK (NASDAQ:OZK) Target Price at $56.89

Bank OZK (NASDAQ:OZK) has received an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $56.8889.

Several brokerages recently issued reports on OZK. Stephens cut their price objective on Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Piper Sandler set a $62.00 price objective on Bank OZK in a report on Thursday, January 22nd. Wells Fargo & Company increased their price objective on Bank OZK from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, March 30th. Citigroup restated a “sell” rating on shares of Bank OZK in a research note on Monday, January 5th. Finally, Morgan Stanley increased their price target on shares of Bank OZK from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd.

Bank OZK Stock Up 2.0%

Bank OZK stock opened at $48.73 on Friday. The firm’s 50 day moving average price is $46.86 and its two-hundred day moving average price is $47.00. The firm has a market cap of $5.45 billion, a PE ratio of 7.90 and a beta of 0.93. Bank OZK has a twelve month low of $39.82 and a twelve month high of $53.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.02 and a current ratio of 1.02.

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

Bank OZK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Monday, April 13th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, April 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.9%. Bank OZK’s dividend payout ratio is 30.47%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in shares of Bank OZK during the 4th quarter worth $25,000. Root Financial Partners LLC bought a new stake in shares of Bank OZK during the 3rd quarter worth $27,000. BOKF NA bought a new stake in shares of Bank OZK during the 3rd quarter worth $27,000. Highline Wealth Partners LLC bought a new stake in shares of Bank OZK during the 3rd quarter worth $28,000. Finally, True Wealth Design LLC boosted its holdings in shares of Bank OZK by 147.0% during the 3rd 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 period. Institutional investors and hedge funds own 86.18% of the company’s stock.

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.