Weekly Research Analysts’ Ratings Changes for Bank OZK (OZK)

Bank OZK (NASDAQ: OZK) has recently received a number of price target changes and ratings updates:

  • 6/6/2024 – Bank OZK had its price target lowered by analysts at Wells Fargo & Company from $39.00 to $35.00. They now have an “underweight” rating on the stock.
  • 5/30/2024 – Bank OZK was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 5/30/2024 – Bank OZK had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $50.00 price target on the stock.
  • 5/29/2024 – Bank OZK was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “sell” rating. They now have a $37.00 price target on the stock, down previously from $57.00.
  • 4/22/2024 – Bank OZK had its price target raised by analysts at Keefe, Bruyette & Woods from $45.00 to $47.00. They now have a “market perform” rating on the stock.
  • 4/22/2024 – Bank OZK had its price target lowered by analysts at Truist Financial Co. from $48.00 to $47.00. They now have a “hold” rating on the stock.
  • 4/22/2024 – Bank OZK had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $48.00 price target on the stock.

Bank OZK Trading Up 1.7 %

NASDAQ OZK traded up $0.64 on Monday, hitting $38.49. 1,335,618 shares of the stock were exchanged, compared to its average volume of 1,247,632. Bank OZK has a 52-week low of $34.76 and a 52-week high of $52.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 6.45 and a beta of 1.20. The company’s 50-day moving average price is $44.26 and its two-hundred day moving average price is $45.08.

Bank OZK (NASDAQ:OZKGet Free Report) last released its quarterly earnings data on Thursday, April 18th. The company reported $1.51 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $396.81 million. During the same quarter in the previous year, the business earned $1.41 EPS. Research analysts predict that Bank OZK will post 6.1 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were paid a $0.39 dividend. The ex-dividend date was Thursday, April 11th. This represents a $1.56 dividend on an annualized basis and a yield of 4.05%. This is a boost from Bank OZK’s previous quarterly dividend of $0.38. Bank OZK’s payout ratio is presently 26.13%.

Hedge Funds Weigh In On Bank OZK

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC increased 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 purchasing an additional 210 shares in the last quarter. Sowell Financial Services LLC lifted its stake in Bank OZK by 2.3% in the fourth quarter. Sowell Financial Services LLC now owns 10,573 shares of the company’s stock valued at $527,000 after acquiring an additional 236 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Bank OZK by 2.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 11,374 shares of the company’s stock valued at $567,000 after acquiring an additional 246 shares during the last quarter. Beacon Pointe Advisors LLC lifted its stake in shares of Bank OZK by 4.1% during the 4th quarter. Beacon Pointe Advisors LLC now owns 6,247 shares of the company’s stock worth $311,000 after buying an additional 247 shares during the last quarter. Finally, HB Wealth Management LLC lifted its stake in shares of Bank OZK by 3.9% during the 1st quarter. HB Wealth Management LLC now owns 6,607 shares of the company’s stock worth $300,000 after buying an additional 249 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also

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.