Bank OZK (NASDAQ:OZK) Receives $48.25 Consensus Target Price from Analysts

Bank OZK (NASDAQ:OZK) has been assigned a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $50.00.

Several equities research analysts recently weighed in on OZK shares. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $40.00 to $48.00 in a report on Tuesday. Truist Financial cut their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Stephens raised their price objective on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday. UBS Group initiated coverage on Bank OZK in a report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 target price on the stock. Finally, Piper Sandler lifted their target price on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. M&T Bank Corp lifted its stake in shares of Bank OZK by 1.9% in the 3rd quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock valued at $578,000 after purchasing an additional 244 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Bank OZK by 2.1% in the 4th quarter. Pacer Advisors Inc. now owns 15,733 shares of the company’s stock valued at $701,000 after purchasing an additional 325 shares during the period. Pallas Capital Advisors LLC lifted its stake in shares of Bank OZK by 3.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 10,555 shares of the company’s stock valued at $470,000 after purchasing an additional 373 shares during the period. Evergreen Capital Management LLC increased its position in Bank OZK by 8.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock valued at $208,000 after buying an additional 388 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in Bank OZK by 6.0% in the 3rd quarter. Raymond James Trust N.A. now owns 7,184 shares of the company’s stock valued at $309,000 after buying an additional 407 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Trading Down 0.2 %

Shares of OZK opened at $50.87 on Friday. Bank OZK has a 52-week low of $37.43 and a 52-week high of $51.50. The business’s fifty day moving average is $46.55 and its 200-day moving average is $44.43. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 8.29 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. During the same quarter last year, the business posted $1.50 EPS. Bank OZK’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts anticipate that Bank OZK will post 5.95 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.30%. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK’s payout ratio is currently 27.36%.

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.