Bank OZK (NASDAQ:OZK) Receives Average Recommendation of “Reduce” from Brokerages

Bank OZK (NASDAQ:OZK) has been assigned an average recommendation of “Reduce” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $48.50.

OZK has been the topic of several recent research reports. Raymond James cut shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Truist Financial lowered their price target on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Morgan Stanley raised their target price on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Piper Sandler boosted their price target on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Stephens boosted their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st.

Bank OZK Stock Up 0.1 %

Bank OZK stock opened at $49.94 on Thursday. The company has a market capitalization of $5.67 billion, a P/E ratio of 8.21 and a beta of 1.16. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $52.36. The stock has a 50-day simple moving average of $44.78 and a 200-day simple moving average of $43.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The business had revenue of $423.00 million during the quarter, compared to the consensus estimate of $419.08 million. Equities research analysts expect that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were issued a $0.41 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.64 annualized dividend and a yield of 3.28%. Bank OZK’s dividend payout ratio (DPR) is presently 26.97%.

Institutional Trading of Bank OZK

Institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its position in Bank OZK by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 62,444 shares of the company’s stock worth $2,839,000 after acquiring an additional 3,301 shares in the last quarter. Tidal Investments LLC lifted its stake in Bank OZK by 4.0% during the first quarter. Tidal Investments LLC now owns 5,491 shares of the company’s stock worth $250,000 after purchasing an additional 210 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of Bank OZK in the 1st quarter valued at about $60,000. Versant Capital Management Inc boosted its stake in Bank OZK by 423.0% in the second quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock valued at $40,000 after acquiring an additional 791 shares during the period. Finally, CWM LLC boosted its position in Bank OZK by 2,027.9% during the 2nd quarter. CWM LLC now owns 9,746 shares of the company’s stock valued at $400,000 after purchasing an additional 9,288 shares during the period. 86.18% of the stock is owned by hedge funds and other institutional investors.

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.