Bank OZK (NASDAQ:OZK) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Bank OZK (NASDAQ:OZKFree Report) from a sell rating to a hold rating in a report released on Thursday morning.

A number of other research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Bank OZK from $45.00 to $47.00 and gave the company a market perform rating in a research note on Monday, April 22nd. Morgan Stanley reissued an equal weight rating and issued a $48.00 price objective on shares of Bank OZK in a research note on Monday, April 22nd. Stephens restated an equal weight rating and set a $50.00 target price on shares of Bank OZK in a report on Thursday. Citigroup cut Bank OZK from a buy rating to a sell rating and cut their price target for the company from $57.00 to $37.00 in a report on Wednesday, May 29th. Finally, Wells Fargo & Company decreased their price objective on shares of Bank OZK from $41.00 to $39.00 and set an underweight rating on the stock in a report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $46.57.

Read Our Latest Research Report on Bank OZK

Bank OZK Price Performance

Shares of OZK stock opened at $41.88 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 1.03. The stock’s fifty day simple moving average is $45.42 and its 200 day simple moving average is $45.27. Bank OZK has a one year low of $34.24 and a one year high of $52.36. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 7.02 and a beta of 1.24.

Bank OZK (NASDAQ:OZKGet Free Report) last posted its earnings results on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.07. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. The business had revenue of $406.02 million for the quarter, compared to analyst estimates of $396.81 million. During the same quarter in the prior year, the firm earned $1.41 EPS. On average, analysts expect that Bank OZK will post 6.1 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were given a dividend of $0.39 per share. The ex-dividend date was Thursday, April 11th. This is an increase from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 3.72%. Bank OZK’s dividend payout ratio is presently 26.13%.

Hedge Funds Weigh In On Bank OZK

A number of hedge funds and other institutional investors have recently bought and sold shares of OZK. Pathway Financial Advisers LLC acquired a new position in shares of Bank OZK in the 1st quarter valued at $60,000. EMC Capital Management lifted its stake in Bank OZK by 179.7% in the first quarter. EMC Capital Management now owns 7,536 shares of the company’s stock valued at $343,000 after buying an additional 4,842 shares during the period. Tidal Investments LLC lifted its stake in Bank OZK by 4.0% in the first 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 period. Captrust Financial Advisors boosted its holdings in Bank OZK by 4.8% during the first quarter. Captrust Financial Advisors now owns 721,011 shares of the company’s stock worth $32,777,000 after buying an additional 32,813 shares during the last quarter. Finally, Caxton Associates LP grew its position in shares of Bank OZK by 33.8% during the 1st quarter. Caxton Associates LP now owns 44,690 shares of the company’s stock worth $2,032,000 after buying an additional 11,281 shares during the period. 86.18% of the stock is owned by institutional investors.

About Bank OZK

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Bank OZK (NASDAQ:OZK)

Receive News & Ratings for Bank OZK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank OZK and related companies with MarketBeat.com's FREE daily email newsletter.