Brokerages Set Bank OZK (NASDAQ:OZK) Target Price at $47.38

Shares of Bank OZK (NASDAQ:OZK) have received a consensus rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $47.38.

Several research firms have commented on OZK. Raymond James raised Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a research note on Friday, January 5th. StockNews.com downgraded Bank OZK from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Truist Financial increased their target price on Bank OZK from $38.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, December 15th. Wells Fargo & Company cut their target price on Bank OZK from $41.00 to $39.00 and set an “underweight” rating for the company in a research note on Thursday, February 1st. Finally, UBS Group downgraded Bank OZK from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th.

Bank OZK Stock Up 4.0 %

OZK opened at $45.55 on Friday. The business has a 50 day moving average price of $44.02 and a two-hundred day moving average price of $42.48. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.27. The company has a market cap of $5.15 billion, a PE ratio of 7.76 and a beta of 1.26. Bank OZK has a 52 week low of $30.72 and a 52 week high of $52.36.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Friday, January 19th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.46 by $0.04. The firm had revenue of $407.58 million during the quarter, compared to the consensus estimate of $396.54 million. Bank OZK had a return on equity of 15.13% and a net margin of 30.69%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.34 EPS. As a group, research analysts anticipate that Bank OZK will post 5.93 EPS for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 16th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, January 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.34%. This is a boost from Bank OZK’s previous quarterly dividend of $0.37. Bank OZK’s dividend payout ratio is currently 25.89%.

Institutional Investors Weigh In On Bank OZK

A number of institutional investors and hedge funds have recently modified their holdings of OZK. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Bank OZK by 74.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,606 shares of the company’s stock worth $538,000 after acquiring an additional 5,383 shares during the period. Bank of Montreal Can grew its holdings in Bank OZK by 2.1% during the 1st quarter. Bank of Montreal Can now owns 62,797 shares of the company’s stock valued at $2,738,000 after buying an additional 1,308 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Bank OZK by 33.5% during the 1st quarter. MetLife Investment Management LLC now owns 78,203 shares of the company’s stock valued at $3,339,000 after buying an additional 19,621 shares during the last quarter. Rhumbline Advisers grew its holdings in Bank OZK by 0.4% during the 1st quarter. Rhumbline Advisers now owns 328,506 shares of the company’s stock valued at $14,027,000 after buying an additional 1,212 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Bank OZK by 10.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 44,341 shares of the company’s stock valued at $1,893,000 after buying an additional 4,262 shares during the last quarter. 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.