Brokerages Set Bank OZK (NASDAQ:OZK) Price Target at $48.14

Shares of Bank OZK (NASDAQ:OZKGet Free Report) have received an average rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $49.14.

A number of research analysts have commented on OZK shares. UBS Group downgraded shares of Bank OZK from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Morgan Stanley reissued an “equal weight” rating and set a $48.00 target price on shares of Bank OZK in a report on Monday. StockNews.com cut shares of Bank OZK from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Truist Financial dropped their target price on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Monday. Finally, Wells Fargo & Company dropped their target price on shares of Bank OZK from $41.00 to $39.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st.

Read Our Latest Analysis on OZK

Bank OZK Trading Up 2.0 %

NASDAQ OZK opened at $46.08 on Wednesday. Bank OZK has a 12 month low of $30.72 and a 12 month high of $52.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 1.03. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 7.72 and a beta of 1.27. The company’s fifty day moving average price is $43.55 and its two-hundred day moving average price is $43.45.

Bank OZK (NASDAQ:OZKGet Free Report) last posted its quarterly earnings data on Thursday, April 18th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.07. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. The firm had revenue of $406.02 million for the quarter, compared to the consensus estimate of $396.81 million. During the same period in the prior year, the firm posted $1.41 EPS. As a group, research analysts predict that Bank OZK will post 5.89 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Thursday, April 11th. This is a boost from Bank OZK’s previous quarterly dividend of $0.38. Bank OZK’s dividend payout ratio (DPR) is 26.13%.

Hedge Funds Weigh In On Bank OZK

A number of institutional investors and hedge funds have recently bought and sold shares of OZK. National Bank of Canada FI grew its position in Bank OZK by 17.9% in the 3rd quarter. National Bank of Canada FI now owns 4,790 shares of the company’s stock valued at $173,000 after buying an additional 727 shares in the last quarter. Ronald Blue Trust Inc. grew its position in Bank OZK by 216.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 5,669 shares of the company’s stock valued at $228,000 after buying an additional 3,875 shares in the last quarter. Wedge Capital Management L L P NC grew its position in Bank OZK by 11.5% in the 3rd quarter. Wedge Capital Management L L P NC now owns 928,567 shares of the company’s stock valued at $34,422,000 after buying an additional 95,473 shares in the last quarter. SG Americas Securities LLC grew its position in Bank OZK by 394.9% in the 3rd quarter. SG Americas Securities LLC now owns 32,621 shares of the company’s stock valued at $1,209,000 after buying an additional 26,030 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC bought a new position in Bank OZK in the 3rd quarter valued at about $2,431,000. Institutional investors own 86.18% of the company’s stock.

Bank OZK Company Profile

(Get Free Report

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.

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Analyst Recommendations for Bank OZK (NASDAQ:OZK)

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