Bank OZK (NASDAQ:OZK) Given Average Rating of “Hold” by Analysts

Shares of Bank OZK (NASDAQ:OZK) have received a consensus rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $58.75.

Several analysts have recently weighed in on the company. National Bankshares set a $67.00 price target on Bank OZK in a report on Wednesday, September 24th. TD Cowen began coverage on shares of Bank OZK in a report on Thursday, September 25th. They set a “buy” rating and a $67.00 target price on the stock. Stephens raised shares of Bank OZK from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $58.00 to $65.00 in a research note on Wednesday, August 20th. Zacks Research cut shares of Bank OZK from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, Wells Fargo & Company increased their price objective on Bank OZK from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, September 29th.

Institutional Investors Weigh In On Bank OZK

A number of hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its holdings in Bank OZK by 58.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock worth $28,000 after purchasing an additional 217 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Bank OZK by 12.8% during the first quarter. National Bank of Canada FI now owns 1,960 shares of the company’s stock valued at $85,000 after buying an additional 223 shares during the last quarter. Level Four Advisory Services LLC grew its holdings in Bank OZK by 1.4% during the third quarter. Level Four Advisory Services LLC now owns 16,816 shares of the company’s stock worth $857,000 after buying an additional 231 shares in the last quarter. Assetmark Inc. grew its holdings in Bank OZK by 20.8% during the second quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock worth $71,000 after buying an additional 259 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its position in Bank OZK by 82.2% in the 3rd quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $34,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Price Performance

Shares of OZK opened at $47.26 on Monday. The company’s 50-day moving average is $46.68 and its 200-day moving average is $48.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $5.29 billion, a PE ratio of 7.62 and a beta of 0.92. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.66.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, October 16th. The company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). Bank OZK had a net margin of 25.81% and a return on equity of 13.00%. The business had revenue of $449.94 million during the quarter, compared to analyst estimates of $447.93 million. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Equities analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 14th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.8%. This is a boost from Bank OZK’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, October 14th. Bank OZK’s payout ratio is presently 29.03%.

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.