Bank OZK (NASDAQ:OZK) Receives $50.00 Consensus Target Price from Analysts

Bank OZK (NASDAQ:OZK) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $50.00.

A number of equities research analysts have commented on OZK shares. Stephens increased their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Wells Fargo & Company raised shares of Bank OZK from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $40.00 to $48.00 in a research note on Tuesday, January 21st. Finally, UBS Group initiated coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price objective for the company.

Institutional Investors Weigh In On Bank OZK

A number of institutional investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC boosted its holdings in Bank OZK by 1.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company’s stock worth $498,000 after buying an additional 193 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Bank OZK by 1.0% in the 4th quarter. Tidal Investments LLC now owns 21,575 shares of the company’s stock valued at $961,000 after acquiring an additional 205 shares during the last quarter. Bank of Montreal Can raised its position in shares of Bank OZK by 0.5% in the 4th quarter. Bank of Montreal Can now owns 46,832 shares of the company’s stock valued at $2,085,000 after acquiring an additional 241 shares during the period. M&T Bank Corp boosted its stake in Bank OZK by 1.9% during the 3rd quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock worth $578,000 after acquiring an additional 244 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in Bank OZK by 12.7% during the fourth quarter. Principal Securities Inc. now owns 2,509 shares of the company’s stock valued at $112,000 after purchasing an additional 283 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Stock Up 0.9 %

Shares of OZK opened at $43.89 on Friday. The company has a market capitalization of $4.98 billion, a P/E ratio of 7.15 and a beta of 1.23. Bank OZK has a one year low of $37.43 and a one year high of $53.64. The business’s 50 day simple moving average is $48.12 and its 200-day simple moving average is $45.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02.

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

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were paid a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.83%. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio is 27.36%.

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.