Bank OZK (NASDAQ:OZK) Receives $49.13 Average Price Target from Analysts

Shares of Bank OZK (NASDAQ:OZK - Get Free Report) have been assigned an average rating of "Hold" from the nine ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $49.13.

Several brokerages have weighed in on OZK. Keefe, Bruyette & Woods cut their price target on Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company lowered their target price on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Stephens lowered their target price on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Finally, Morgan Stanley lowered their target price on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th.

Bank OZK Stock Performance

Shares of NASDAQ OZK traded up $0.33 during mid-day trading on Friday, hitting $43.05. The stock had a trading volume of 997,516 shares, compared to its average volume of 1,332,834. 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 company has a 50 day moving average of $43.33 and a two-hundred day moving average of $45.85. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.64. The firm has a market cap of $4.88 billion, a PE ratio of 7.01 and a beta of 1.05.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.05. The company had revenue of $409.23 million for the quarter, compared to the consensus estimate of $403.05 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. During the same period last year, the firm earned $1.51 EPS. Research analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were issued a dividend of $0.43 per share. The ex-dividend date was Monday, April 14th. This is a boost from Bank OZK's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.00%. Bank OZK's dividend payout ratio is currently 28.20%.

Hedge Funds Weigh In On Bank OZK

A number of hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in Bank OZK during the 4th quarter valued at about $53,114,000. Wasatch Advisors LP boosted its holdings in Bank OZK by 19.3% during the 4th quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company's stock valued at $316,281,000 after acquiring an additional 1,149,880 shares during the period. First Trust Advisors LP boosted its holdings in Bank OZK by 30.4% during the 4th quarter. First Trust Advisors LP now owns 2,945,480 shares of the company's stock valued at $131,162,000 after acquiring an additional 686,775 shares during the period. Raymond James Financial Inc. purchased a new position in Bank OZK during the 4th quarter valued at about $14,077,000. Finally, AQR Capital Management LLC boosted its stake in shares of Bank OZK by 12.6% in the 4th quarter. AQR Capital Management LLC now owns 2,811,354 shares of the company's stock valued at $125,190,000 after buying an additional 314,488 shares during the period. 86.18% of the stock is currently owned by hedge funds and other 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.