Brokerages Set Bank OZK (NASDAQ:OZK) Target Price at $48.50

Bank OZK (NASDAQ:OZK) has earned an average rating of “Reduce” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $48.50.

Several research firms recently weighed in on OZK. Morgan Stanley lifted 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. Piper Sandler lifted their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Stephens increased their price target on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Finally, StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th.

Bank OZK Trading Up 1.7 %

Shares of OZK stock opened at $44.38 on Friday. The company has a market capitalization of $5.04 billion, a P/E ratio of 7.30 and a beta of 1.16. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a 12-month low of $36.76 and a 12-month high of $52.36. The firm has a 50-day moving average price of $42.74 and a 200 day moving average price of $43.04.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.70%. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, October 11th. Bank OZK’s dividend payout ratio is presently 26.97%.

Institutional Trading of Bank OZK

Several institutional investors have recently added to or reduced their stakes in OZK. Tidal Investments LLC grew its holdings in Bank OZK by 4.0% during the 1st quarter. Tidal Investments LLC now owns 5,491 shares of the company’s stock worth $250,000 after acquiring an additional 210 shares during the period. Evergreen Capital Management LLC grew its stake in Bank OZK by 8.3% during the second quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock worth $208,000 after purchasing an additional 388 shares during the period. Naples Global Advisors LLC increased its holdings in Bank OZK by 2.5% in the second quarter. Naples Global Advisors LLC now owns 16,550 shares of the company’s stock worth $679,000 after purchasing an additional 400 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Bank OZK by 0.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 82,134 shares of the company’s stock worth $3,733,000 after purchasing an additional 409 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after buying an additional 411 shares during the period. 86.18% of the stock is currently owned by 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.