Bank OZK (NASDAQ:OZK) Receives $50.38 Average Price Target from Analysts

Shares of Bank OZK (NASDAQ:OZK - Get Free Report) have been given an average recommendation of "Hold" by the nine ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $50.38.

A number of brokerages have recently issued reports on OZK. 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 research report on Thursday, March 13th. UBS Group assumed coverage on shares of Bank OZK in a report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 price target on the stock. Stephens increased their target price on Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company raised shares of Bank OZK from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st.

Bank OZK Stock Down 2.0 %

NASDAQ:OZK traded down $0.78 during trading hours on Wednesday, hitting $38.12. The stock had a trading volume of 3,118,784 shares, compared to its average volume of 1,296,061. The company has a market cap of $4.32 billion, a PE ratio of 6.21 and a beta of 1.05. The business has a 50 day simple moving average of $47.28 and a two-hundred day simple moving average of $46.14. Bank OZK has a 1-year low of $35.80 and a 1-year high of $53.64. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

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

Bank OZK Increases Dividend

The business also recently announced 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 represents a $1.72 dividend on an annualized basis and a yield of 4.51%. This is a boost from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date is Monday, April 14th. Bank OZK's dividend payout ratio (DPR) is presently 28.01%.

Hedge Funds Weigh In On Bank OZK

Several institutional investors have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Bank OZK during the fourth quarter valued at about $27,000. Kestra Investment Management LLC acquired a new position in shares of Bank OZK during the 4th quarter valued at $27,000. Smartleaf Asset Management LLC raised its stake in shares of Bank OZK by 176.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock worth $34,000 after buying an additional 486 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Bank OZK by 81.3% in the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock valued at $42,000 after buying an additional 425 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in Bank OZK during the fourth quarter valued at about $54,000. Institutional investors own 86.18% of the company's stock.

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.