Bank OZK (NASDAQ:OZK) Sets New 1-Year High - Should You Buy?

Shares of Bank OZK (NASDAQ:OZK - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $51.78 and last traded at $51.76, with a volume of 503204 shares. The stock had previously closed at $50.83.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Stephens increased their target price on shares of Bank OZK from $53.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. Piper Sandler raised their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Wells Fargo & Company raised Bank OZK from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. Truist Financial decreased their price target on Bank OZK from $48.00 to $46.00 and set a "hold" rating for the company in a research note on Monday, October 21st. Finally, UBS Group began coverage on Bank OZK in a research note on Tuesday, December 17th. They set a "neutral" rating and a $51.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Bank OZK currently has a consensus rating of "Hold" and an average price target of $50.00.

Bank OZK Stock Down 2.0 %

The business has a 50-day moving average price of $47.06 and a 200-day moving average price of $45.01. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 8.47 and a beta of 1.20. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The firm had revenue of $412.34 million for the quarter, compared to analysts' expectations of $407.19 million. During the same period in the previous year, the company posted $1.50 EPS. The company's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.23%. The ex-dividend date was Tuesday, January 14th. This is a boost from Bank OZK's previous quarterly dividend of $0.41. Bank OZK's payout ratio is 27.36%.

Institutional Trading of Bank OZK

Several hedge funds and other institutional investors have recently modified their holdings of OZK. HighTower Advisors LLC boosted its position in Bank OZK by 16.6% during the fourth quarter. HighTower Advisors LLC now owns 10,647 shares of the company's stock worth $474,000 after purchasing an additional 1,518 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Bank OZK by 23.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,532 shares of the company's stock worth $1,360,000 after acquiring an additional 5,798 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Bank OZK by 8.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,832 shares of the company's stock valued at $260,000 after acquiring an additional 445 shares during the period. Aviance Capital Partners LLC bought a new stake in Bank OZK during the fourth quarter valued at about $683,000. Finally, Callan Family Office LLC grew its position in shares of Bank OZK by 8.1% in the fourth quarter. Callan Family Office LLC now owns 5,879 shares of the company's stock valued at $262,000 after purchasing an additional 440 shares during the last quarter. 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.