Bank OZK (NASDAQ:OZK) Receives $49.13 Consensus Price Target from Analysts

Bank OZK (NASDAQ:OZK) has been given an average rating of “Hold” by the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $49.13.

Several analysts have recently commented on OZK shares. Stephens dropped their price objective on shares of Bank OZK from $59.00 to $54.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. Morgan Stanley cut 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. Keefe, Bruyette & Woods decreased their price objective on Bank OZK from $50.00 to $48.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company dropped their target price on Bank OZK from $48.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th.

Institutional Trading of Bank OZK

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in Bank OZK during the fourth quarter worth about $53,114,000. Wasatch Advisors LP raised its position in shares of Bank OZK by 19.3% during the 4th quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company’s stock valued at $316,281,000 after buying an additional 1,149,880 shares during the period. First Trust Advisors LP lifted its holdings in Bank OZK by 30.4% in the fourth quarter. First Trust Advisors LP now owns 2,945,480 shares of the company’s stock valued at $131,162,000 after acquiring an additional 686,775 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Bank OZK in the fourth quarter worth approximately $14,077,000. Finally, AQR Capital Management LLC increased its stake in Bank OZK by 12.6% during the fourth quarter. AQR Capital Management LLC now owns 2,811,354 shares of the company’s stock worth $125,190,000 after acquiring an additional 314,488 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Trading Down 0.3 %

NASDAQ OZK opened at $42.94 on Friday. The stock has a market cap of $4.87 billion, a P/E ratio of 6.99 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.64. The company has a fifty day simple moving average of $43.05 and a two-hundred day simple moving average of $45.83.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $409.23 million during the quarter, compared to analysts’ expectations of $403.05 million. During the same quarter in the previous year, the firm posted $1.51 EPS. On average, analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Monday, April 14th. This is a boost from Bank OZK’s previous quarterly dividend of $0.42. Bank OZK’s dividend payout ratio (DPR) is currently 28.20%.

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.