Bank OZK (NASDAQ:OZK) Receives $50.86 Consensus PT from Brokerages

Bank OZK (NASDAQ:OZK) has been given an average rating of “Hold” by the eight analysts that are currently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $50.86.

OZK has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reduced their target price on shares of Bank OZK from $50.00 to $48.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Stephens cut their price objective on shares of Bank OZK from $59.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. Morgan Stanley reduced their price objective on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Finally, Wells Fargo & Company decreased their target price on shares of Bank OZK from $48.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th.

Bank OZK Stock Up 1.1%

Bank OZK stock opened at $44.91 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.14. The firm has a market cap of $5.10 billion, a P/E ratio of 7.36 and a beta of 0.85. The business has a fifty day moving average of $43.84 and a two-hundred day moving average of $45.46. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.64.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. The firm had revenue of $409.23 million during the quarter, compared to analyst estimates of $403.05 million. Bank OZK had a return on equity of 13.46% and a net margin of 25.66%. During the same period in the previous year, the company posted $1.51 EPS. On average, analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were issued a dividend of $0.43 per share. The ex-dividend date was Monday, April 14th. This represents a $1.72 annualized dividend and a dividend yield of 3.83%. This is an increase from Bank OZK’s previous quarterly dividend of $0.42. Bank OZK’s dividend payout ratio is 28.20%.

Hedge Funds Weigh In On Bank OZK

Several hedge funds and other institutional investors have recently modified their holdings of OZK. Kestra Investment Management LLC acquired a new stake in Bank OZK during the 4th quarter worth about $27,000. CX Institutional purchased a new position in shares of Bank OZK in the first quarter worth about $30,000. Summit Securities Group LLC purchased a new position in shares of Bank OZK in the first quarter worth about $32,000. Smartleaf Asset Management LLC lifted its holdings in shares of Bank OZK by 176.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company’s stock worth $34,000 after purchasing an additional 486 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in Bank OZK by 81.3% in the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock valued at $42,000 after buying an additional 425 shares during the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

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.