Bank OZK (NASDAQ:OZK) Given Consensus Rating of “Hold” by Brokerages

Bank OZK (NASDAQ:OZK) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $56.7778.

OZK has been the subject of a number of research analyst reports. UBS Group reissued a “neutral” rating and issued a $51.00 target price on shares of Bank OZK in a research note on Tuesday, January 6th. Piper Sandler set a $62.00 price objective on Bank OZK in a report on Thursday, January 22nd. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Zacks Research upgraded shares of Bank OZK from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Finally, Stephens reduced their price target on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd.

Bank OZK Stock Up 1.5%

Shares of NASDAQ:OZK opened at $49.82 on Friday. The company has a 50 day moving average price of $48.07 and a two-hundred day moving average price of $48.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 1.02. The company has a market capitalization of $5.57 billion, a PE ratio of 8.07 and a beta of 0.94. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.66.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Tuesday, January 20th. The company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.03). Bank OZK had a net margin of 25.50% and a return on equity of 12.65%. The firm had revenue of $436.29 million during the quarter, compared to analyst estimates of $434.68 million. During the same period last year, the firm earned $1.56 EPS. Analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 13th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, January 13th. This is a boost from Bank OZK’s previous quarterly dividend of $0.45. Bank OZK’s dividend payout ratio (DPR) is currently 29.82%.

Institutional Trading of Bank OZK

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of Bank OZK by 37.8% during the first quarter. Royal Bank of Canada now owns 41,257 shares of the company’s stock worth $1,792,000 after buying an additional 11,310 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Bank OZK by 14.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,690 shares of the company’s stock valued at $2,029,000 after acquiring an additional 5,717 shares in the last quarter. Empowered Funds LLC boosted its position in Bank OZK by 1.8% during the 1st quarter. Empowered Funds LLC now owns 60,037 shares of the company’s stock worth $2,609,000 after acquiring an additional 1,058 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Bank OZK by 8.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 349,749 shares of the company’s stock worth $15,197,000 after acquiring an additional 26,676 shares in the last quarter. Finally, Focus Partners Wealth grew its stake in shares of Bank OZK by 11.0% during the 1st quarter. Focus Partners Wealth now owns 17,711 shares of the company’s stock worth $770,000 after acquiring an additional 1,756 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Company Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.