Bank OZK (NASDAQ:OZK) Receives Buy (B-) Rating from Weiss Ratings

Weiss Ratings reiterated their buy (b-) rating on shares of Bank OZK (NASDAQ:OZK) in a report published on Thursday,Weiss Ratings reports.

Several other research firms have also commented on OZK. Stephens upgraded Bank OZK from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $58.00 to $65.00 in a research report on Wednesday, August 20th. National Bankshares set a $67.00 price target on Bank OZK in a research report on Wednesday, September 24th. UBS Group reduced their target price on shares of Bank OZK from $57.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday. Cowen reissued a “buy” rating on shares of Bank OZK in a research note on Tuesday, October 21st. Finally, TD Cowen initiated coverage on shares of Bank OZK in a research note on Thursday, September 25th. They issued a “buy” rating and a $67.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $58.75.

Bank OZK Price Performance

Bank OZK stock opened at $44.55 on Thursday. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 7.19 and a beta of 0.88. The firm’s fifty day moving average is $50.45 and its 200 day moving average is $48.08. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.66.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, October 16th. The company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.07). The company had revenue of $449.94 million during the quarter, compared to analysts’ expectations of $447.93 million. Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.During the same quarter in the prior year, the business posted $1.55 EPS. Sell-side analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 14th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 14th. This represents a $1.80 annualized dividend and a yield of 4.0%. This is a boost from Bank OZK’s previous quarterly dividend of $0.44. Bank OZK’s payout ratio is 29.03%.

Institutional Trading of Bank OZK

Large investors have recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of Bank OZK in the third quarter valued at approximately $27,000. Highline Wealth Partners LLC purchased a new stake in shares of Bank OZK in the third quarter valued at approximately $28,000. True Wealth Design LLC boosted its holdings in shares of Bank OZK by 147.0% in the third quarter. True Wealth Design LLC now owns 568 shares of the company’s stock valued at $29,000 after purchasing an additional 338 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Bank OZK by 58.2% in the second quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock valued at $28,000 after purchasing an additional 217 shares during the period. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Bank OZK by 82.2% in the third quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $34,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors 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.