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

Bank OZK (NASDAQ:OZK) has received an average rating of “Reduce” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $49.33.

Several analysts have weighed in on OZK shares. UBS Group assumed coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price objective for the company. Piper Sandler boosted their price target on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Raymond James cut Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Truist Financial cut their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Finally, Stephens upped their price objective on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. lifted its holdings in shares of Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after purchasing an additional 411 shares in the last quarter. American National Bank & Trust bought a new position in shares of Bank OZK in the third quarter valued at $44,000. Innealta Capital LLC bought a new position in shares of Bank OZK in the second quarter valued at $46,000. Abich Financial Wealth Management LLC bought a new stake in shares of Bank OZK during the second quarter worth about $49,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Bank OZK in the 3rd quarter worth about $61,000. 86.18% of the stock is owned by institutional investors.

Bank OZK Price Performance

Bank OZK stock opened at $43.83 on Monday. The stock’s 50 day moving average is $46.60 and its 200-day moving average is $43.52. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 7.21 and a beta of 1.18. Bank OZK has a 12 month low of $37.43 and a 12 month high of $51.50. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data 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. The firm had revenue of $423.00 million for the quarter, compared to analysts’ expectations of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. Equities research analysts expect that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.74%. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, October 11th. Bank OZK’s payout ratio is currently 26.97%.

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.