Bank OZK (NASDAQ:OZK) Receives Average Recommendation of “Reduce” from Analysts

Shares of Bank OZK (NASDAQ:OZK) have received a consensus rating of “Reduce” from the nine brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $49.33.

Several equities analysts have weighed in on the company. Stephens raised their target price on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Truist Financial decreased their target price on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. UBS Group assumed coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on shares of Bank OZK from $35.00 to $40.00 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd.

Bank OZK Trading Down 0.9 %

Bank OZK stock opened at $44.57 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a 12 month low of $37.43 and a 12 month high of $51.50. The company’s fifty day simple moving average is $46.56 and its 200-day simple moving average is $43.73. The stock has a market cap of $5.06 billion, a P/E ratio of 7.33 and a beta of 1.18.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Thursday, October 17th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.53 by $0.02. The business had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. As a group, sell-side analysts forecast that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.68%. The ex-dividend date was Friday, October 11th. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s dividend payout ratio (DPR) is presently 26.97%.

Institutional Trading of Bank OZK

Several institutional investors have recently modified their holdings of OZK. Assetmark Inc. raised its stake in shares of Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after purchasing an additional 411 shares in the last quarter. American National Bank & Trust acquired a new stake in shares of Bank OZK during the 3rd quarter worth about $44,000. Innealta Capital LLC bought a new stake in shares of Bank OZK during the second quarter worth $46,000. Abich Financial Wealth Management LLC bought a new position in Bank OZK in the 2nd quarter valued at $49,000. Finally, Capital Performance Advisors LLP acquired a new position in Bank OZK during the 3rd quarter valued at about $61,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

About Bank OZK

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.