Bank OZK (NASDAQ:OZK) Given Average Rating of “Reduce” by Analysts

Shares of Bank OZK (NASDAQ:OZK) have been given an average rating of “Reduce” by the nine research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $49.33.

OZK has been the topic of several recent research reports. Truist Financial cut their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Piper Sandler lifted their price target on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Wells Fargo & Company upped their price objective on Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. UBS Group initiated coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 target price on the stock. Finally, Stephens boosted their target price on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st.

Bank OZK Stock Down 0.9 %

OZK stock opened at $44.57 on Monday. The firm has a 50-day moving average price of $46.56 and a 200-day moving average price of $43.62. Bank OZK has a 12 month low of $37.43 and a 12 month high of $51.50. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $5.06 billion, a P/E ratio of 7.33 and a beta of 1.18.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.53 by $0.02. The business had revenue of $423.00 million during the quarter, compared to the consensus estimate of $419.08 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. As a group, equities research analysts anticipate that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, October 11th. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 3.68%. Bank OZK’s dividend payout ratio is 26.97%.

Hedge Funds Weigh In On Bank OZK

Several hedge funds and other institutional investors have recently bought and sold shares of the company. M&T Bank Corp raised its position in shares of Bank OZK by 1.9% in the 3rd quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock worth $578,000 after acquiring an additional 244 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in Bank OZK by 8.3% in the second quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock worth $208,000 after purchasing an additional 388 shares in the last quarter. Raymond James Trust N.A. lifted its stake in Bank OZK by 6.0% in the third quarter. Raymond James Trust N.A. now owns 7,184 shares of the company’s stock valued at $309,000 after buying an additional 407 shares during the period. Assetmark Inc. boosted its holdings in shares of Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after buying an additional 411 shares in the last quarter. Finally, Caprock Group LLC grew its position in shares of Bank OZK by 10.5% during the 3rd quarter. Caprock Group LLC now owns 6,805 shares of the company’s stock worth $293,000 after buying an additional 645 shares during the period. Institutional investors and hedge funds 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.