Bank OZK (NASDAQ:OZK) Receives $46.71 Consensus PT from Analysts

Shares of Bank OZK (NASDAQ:OZK) have received an average rating of “Reduce” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $46.71.

A number of analysts recently issued reports on the company. Truist Financial boosted their price target on Bank OZK from $41.00 to $49.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Stephens reaffirmed an “equal weight” rating and issued a $50.00 price objective on shares of Bank OZK in a research note on Thursday, July 18th. StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Morgan Stanley boosted their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Finally, Citigroup lowered Bank OZK from a “buy” rating to a “sell” rating and lowered their target price for the stock from $57.00 to $37.00 in a report on Wednesday, May 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in Bank OZK by 13.7% during the fourth quarter. Victory Capital Management Inc. now owns 24,137 shares of the company’s stock valued at $1,203,000 after purchasing an additional 2,913 shares in the last quarter. Natixis Advisors L.P. acquired a new stake in Bank OZK in the 4th quarter worth about $723,000. Principal Securities Inc. purchased a new stake in Bank OZK during the 4th quarter worth approximately $31,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of Bank OZK by 17.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,229 shares of the company’s stock valued at $360,000 after acquiring an additional 1,079 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Bank OZK by 43.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 13,747 shares of the company’s stock worth $685,000 after purchasing an additional 4,160 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Price Performance

OZK stock opened at $42.04 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. Bank OZK has a 12 month low of $34.76 and a 12 month high of $52.36. The stock has a market cap of $4.77 billion, a PE ratio of 7.04 and a beta of 1.17. The company has a 50-day moving average price of $42.86 and a 200 day moving average price of $43.18.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.52. Bank OZK had a return on equity of 14.50% and a net margin of 27.04%. The firm had revenue of $416.78 million during the quarter, compared to analyst estimates of $414.39 million. During the same period last year, the company earned $1.47 EPS. Bank OZK’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts anticipate that Bank OZK will post 6.01 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 12th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.81%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, July 12th. Bank OZK’s dividend payout ratio (DPR) is 26.80%.

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.