Bank OZK (NASDAQ:OZK) PT Raised to $51.00 at Stephens

Bank OZK (NASDAQ:OZK) had its target price upped by Stephens from $48.00 to $51.00 in a research report report published on Monday, Benzinga reports. They currently have an equal weight rating on the stock.

Several other analysts also recently weighed in on the company. Morgan Stanley lifted their target price on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Piper Sandler upped their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Finally, Truist Financial lowered their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Bank OZK currently has an average rating of “Hold” and an average target price of $48.50.

Bank OZK Price Performance

Shares of NASDAQ:OZK opened at $43.73 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $42.38 and its two-hundred day moving average is $43.00. The firm has a market capitalization of $4.96 billion, a P/E ratio of 7.19 and a beta of 1.17. Bank OZK has a 52 week low of $34.76 and a 52 week high of $52.36.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, October 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 3.75%. Bank OZK’s dividend payout ratio is currently 26.97%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OZK. PSI Advisors LLC raised its holdings in Bank OZK by 20,933.3% during the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company’s stock worth $26,000 after buying an additional 628 shares during the period. LRI Investments LLC purchased a new position in shares of Bank OZK in the first quarter worth approximately $29,000. Versant Capital Management Inc lifted its position in shares of Bank OZK by 423.0% in the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock valued at $40,000 after acquiring an additional 791 shares in the last quarter. American National Bank & Trust acquired a new position in Bank OZK in the 3rd quarter worth approximately $44,000. Finally, Innealta Capital LLC acquired a new position in Bank OZK in the 2nd quarter worth approximately $46,000. 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.