Brokerages Set Bank OZK (NASDAQ:OZK) Price Target at $48.14

Bank OZK (NASDAQ:OZK) has been given an average rating of “Hold” by the seven analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $48.14.

A number of brokerages have recently commented on OZK. StockNews.com lowered shares of Bank OZK from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Truist Financial cut their target price on Bank OZK from $52.00 to $48.00 and set a “hold” rating on the stock in a report on Monday, April 1st. UBS Group downgraded Bank OZK from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Raymond James raised Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a research note on Friday, January 5th. Finally, Citigroup lowered their price target on shares of Bank OZK from $62.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, March 13th.

Institutional Trading of Bank OZK

Several large investors have recently modified their holdings of OZK. Lazard Asset Management LLC bought a new position in Bank OZK in the first quarter worth approximately $25,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Bank OZK by 66.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 581 shares of the company’s stock worth $29,000 after purchasing an additional 231 shares in the last quarter. Principal Securities Inc. acquired a new stake in Bank OZK in the 4th quarter valued at $31,000. Geneos Wealth Management Inc. increased its stake in Bank OZK by 94.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 776 shares of the company’s stock valued at $33,000 after purchasing an additional 376 shares in the last quarter. Finally, Bare Financial Services Inc acquired a new position in Bank OZK during the fourth quarter worth $36,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Price Performance

Bank OZK stock opened at $44.94 on Wednesday. The stock has a 50-day moving average price of $43.37 and a two-hundred day moving average price of $43.15. Bank OZK has a 12 month low of $30.72 and a 12 month high of $52.36. The company has a market capitalization of $5.08 billion, a PE ratio of 7.53 and a beta of 1.27. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.27.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, April 18th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.07. Bank OZK had a net margin of 28.54% and a return on equity of 15.10%. The business had revenue of $406.02 million during the quarter, compared to analyst estimates of $396.81 million. During the same quarter last year, the business earned $1.41 EPS. Analysts expect that Bank OZK will post 5.87 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were paid a $0.39 dividend. The ex-dividend date was Thursday, April 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.47%. Bank OZK’s payout ratio is 26.13%.

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.