Bank OZK (NASDAQ:OZK) Receives $50.00 Average PT from Analysts

Shares of Bank OZK (NASDAQ:OZK - Get Free Report) have received a consensus rating of "Hold" from the nine research firms that are covering the company, MarketBeat Ratings reports. One investment 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 1 year price objective among brokers that have updated their coverage on the stock in the last year is $50.00.

Several brokerages have weighed in on OZK. UBS Group started coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They set a "neutral" rating and a $51.00 price objective on the stock. Wells Fargo & Company raised Bank OZK from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $40.00 to $48.00 in a report on Tuesday, January 21st. Finally, Stephens boosted their price objective on Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st.

Bank OZK Stock Performance

Shares of NASDAQ OZK traded down $0.89 during mid-day trading on Friday, hitting $43.52. The company had a trading volume of 1,475,575 shares, compared to its average volume of 1,238,498. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The firm has a market cap of $4.94 billion, a P/E ratio of 7.09 and a beta of 1.23. Bank OZK has a 12 month low of $37.43 and a 12 month high of $53.64. The business's 50-day simple moving average is $48.16 and its 200-day simple moving average is $45.91.

Remove Ads

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $407.19 million. During the same period last year, the business earned $1.50 earnings per share. The business's revenue was up 1.2% on a year-over-year basis. As a group, analysts predict 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. Stockholders of record on Tuesday, January 14th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Tuesday, January 14th. This is a positive change from Bank OZK's previous quarterly dividend of $0.41. Bank OZK's dividend payout ratio (DPR) is 27.36%.

Institutional Investors Weigh In On Bank OZK

Institutional investors and hedge funds have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Bank OZK during the 4th quarter worth $27,000. Kestra Investment Management LLC bought a new position in shares of Bank OZK in the 4th quarter worth $27,000. Smartleaf Asset Management LLC grew its stake in shares of Bank OZK by 176.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock worth $34,000 after purchasing an additional 486 shares during the period. Assetmark Inc. lifted its stake in Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company's stock valued at $42,000 after buying an additional 411 shares during the period. Finally, V Square Quantitative Management LLC raised its position in shares of Bank OZK by 81.3% in the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock valued at $42,000 after acquiring an additional 425 shares during the period. 86.18% of the stock is owned by 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.