Bank OZK (NASDAQ:OZK) Receives $50.38 Average Price Target from Analysts

Shares of Bank OZK (NASDAQ:OZK) have received an average recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $50.38.

Several analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $40.00 to $48.00 in a report on Tuesday, January 21st. Stephens increased their target price on Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Morgan Stanley dropped their price target on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Finally, UBS Group assumed coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target for the company.

Bank OZK Stock Performance

Bank OZK stock opened at $38.12 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.32 billion, a P/E ratio of 6.21 and a beta of 1.05. Bank OZK has a 1-year low of $35.80 and a 1-year high of $53.64. The firm has a 50-day moving average of $47.28 and a 200-day moving average of $46.08.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business had revenue of $412.34 million during the quarter, compared to analysts’ expectations of $407.19 million. During the same quarter last year, the business posted $1.50 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Sell-side analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 14th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.51%. This is an increase from Bank OZK’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, April 14th. Bank OZK’s dividend payout ratio (DPR) is presently 28.01%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Bank OZK in the fourth quarter worth about $53,114,000. Wasatch Advisors LP lifted its position in Bank OZK by 19.3% during the fourth quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company’s stock valued at $316,281,000 after purchasing an additional 1,149,880 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Bank OZK by 32.7% in the 3rd quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock worth $181,566,000 after buying an additional 1,041,198 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Bank OZK by 30.4% in the 4th quarter. First Trust Advisors LP now owns 2,945,480 shares of the company’s stock worth $131,162,000 after buying an additional 686,775 shares during the last quarter. Finally, State Street Corp raised its position in shares of Bank OZK by 7.3% during the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company’s stock valued at $305,526,000 after buying an additional 485,172 shares in the last quarter. 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.