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

Shares of Bank OZK (NASDAQ:OZK) have earned a consensus rating of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $56.8889.

OZK has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on shares of Bank OZK from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, March 30th. Morgan Stanley boosted their target price on shares of Bank OZK from $57.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Wall Street Zen raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings raised shares of Bank OZK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Finally, UBS Group assumed coverage on shares of Bank OZK in a research note on Tuesday, April 7th. They set a “neutral” rating and a $48.00 price objective for the company.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. BOKF NA acquired a new position in shares of Bank OZK during the 3rd quarter valued at about $27,000. V Square Quantitative Management LLC acquired a new position in shares of Bank OZK during the 4th quarter valued at about $25,000. Bayforest Capital Ltd increased its stake in shares of Bank OZK by 100.5% during the 4th quarter. Bayforest Capital Ltd now owns 766 shares of the company’s stock valued at $35,000 after acquiring an additional 384 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of Bank OZK during the 4th quarter valued at about $36,000. Finally, Transamerica Financial Advisors LLC increased its stake in shares of Bank OZK by 111.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 830 shares of the company’s stock valued at $38,000 after acquiring an additional 437 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Trading Up 1.7%

Shares of OZK stock opened at $51.81 on Friday. The firm has a 50-day moving average price of $48.77 and a 200 day moving average price of $47.77. Bank OZK has a twelve month low of $42.37 and a twelve month high of $53.66. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 8.44 and a beta of 0.90. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.14.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Tuesday, April 21st. The company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.02). Bank OZK had a net margin of 25.27% and a return on equity of 12.32%. The firm had revenue of $424.32 million during the quarter, compared to analyst estimates of $422.62 million. During the same period in the previous year, the firm posted $1.47 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Research analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 13th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, April 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.6%. Bank OZK’s dividend payout ratio is currently 30.62%.

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.