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

Bank OZK (NASDAQ:OZK) has received an average rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $50.38.

Several research analysts have weighed in on OZK shares. UBS Group began coverage on shares of Bank OZK in a report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price objective on the stock. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $40.00 to $48.00 in a research note on Tuesday, January 21st. Stephens lifted their price target on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Finally, Morgan Stanley dropped their target price on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OZK. State Street Corp boosted its stake in Bank OZK by 7.3% in the third quarter. State Street Corp now owns 7,106,907 shares of the company’s stock valued at $305,526,000 after acquiring an additional 485,172 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of Bank OZK by 19.3% in the fourth quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company’s stock valued at $316,281,000 after buying an additional 1,149,880 shares during the period. Wellington Management Group LLP lifted its position in shares of Bank OZK by 32.7% during the 3rd quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock valued at $181,566,000 after buying an additional 1,041,198 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Bank OZK by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company’s stock worth $183,909,000 after acquiring an additional 188,575 shares during the period. Finally, First Trust Advisors LP increased its holdings in Bank OZK by 30.4% in the 4th quarter. First Trust Advisors LP now owns 2,945,480 shares of the company’s stock worth $131,162,000 after acquiring an additional 686,775 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Down 0.2 %

OZK opened at $43.38 on Wednesday. The company has a fifty day moving average price of $47.92 and a two-hundred day moving average price of $46.18. Bank OZK has a 1-year low of $37.43 and a 1-year high of $53.64. The company has a market cap of $4.92 billion, a P/E ratio of 7.07 and a beta of 1.23. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 EPS. Analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 14th will be paid a $0.43 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 3.96%. Bank OZK’s dividend payout ratio (DPR) is 27.36%.

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.