Bank OZK (NASDAQ:OZK) Given Average Recommendation of “Reduce” by Brokerages

Bank OZK (NASDAQ:OZK) has been assigned an average rating of “Reduce” from the nine brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $48.50.

A number of equities research analysts have weighed in on the company. Piper Sandler raised their target price on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Truist Financial decreased their target price on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Morgan Stanley boosted their target price on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Finally, Stephens upped their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st.

Hedge Funds Weigh In On Bank OZK

Several large investors have recently modified their holdings of OZK. Price T Rowe Associates Inc. MD grew its stake in shares of Bank OZK by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 62,444 shares of the company’s stock worth $2,839,000 after purchasing an additional 3,301 shares during the last quarter. Tidal Investments LLC grew its position in shares of Bank OZK by 4.0% in the 1st quarter. Tidal Investments LLC now owns 5,491 shares of the company’s stock valued at $250,000 after buying an additional 210 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of Bank OZK in the first quarter valued at about $60,000. Versant Capital Management Inc raised its position in shares of Bank OZK by 423.0% during the second quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock worth $40,000 after acquiring an additional 791 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Bank OZK by 2,027.9% in the second quarter. CWM LLC now owns 9,746 shares of the company’s stock worth $400,000 after acquiring an additional 9,288 shares during the period. Institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Up 0.1 %

OZK opened at $49.94 on Thursday. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 8.21 and a beta of 1.16. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a twelve month low of $37.43 and a twelve month high of $52.36. The company has a 50-day simple moving average of $44.78 and a 200 day simple moving average of $43.25.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The company 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%. Analysts predict that Bank OZK will post 6.03 EPS for the current fiscal year.

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 given a dividend of $0.41 per share. The ex-dividend date was Friday, October 11th. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 3.28%. Bank OZK’s dividend payout ratio (DPR) is currently 26.97%.

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.