Brokerages Set Bank OZK (NASDAQ:OZK) PT at $48.25

Bank OZK (NASDAQ:OZK - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $48.50.

Several research analysts have recently issued reports on the company. Piper Sandler upped their price objective on Bank OZK from $58.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Wells Fargo & Company boosted their target price on Bank OZK from $35.00 to $40.00 and gave the stock an "underweight" rating in a research note on Tuesday, December 3rd. Truist Financial dropped their price target on shares of Bank OZK from $48.00 to $46.00 and set a "hold" rating on the stock in a research note on Monday, October 21st. UBS Group started coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They set a "neutral" rating and a $51.00 price objective for the company. Finally, Stephens reaffirmed an "equal weight" rating and issued a $53.00 target price on shares of Bank OZK in a research report on Friday.

Bank OZK Stock Up 9.7 %

Bank OZK stock traded up $4.40 during trading on Friday, reaching $49.74. The stock had a trading volume of 4,128,150 shares, compared to its average volume of 1,789,258. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. Bank OZK has a 52-week low of $37.43 and a 52-week high of $51.50. The stock has a market cap of $5.64 billion, a PE ratio of 8.18 and a beta of 1.20. The business has a 50 day moving average price of $46.35 and a 200 day moving average price of $44.14.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.12. The business had revenue of $412.34 million during the quarter, compared to analysts' expectations of $407.19 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.50 EPS. On average, analysts predict that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a yield of 3.38%. This is a boost from Bank OZK's previous quarterly dividend of $0.41. Bank OZK's dividend payout ratio is currently 27.36%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. M&T Bank Corp increased its holdings in shares of Bank OZK by 1.9% in the third 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. Pallas Capital Advisors LLC increased its stake in 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 buying an additional 373 shares during the period. Evergreen Capital Management LLC raised its position in Bank OZK by 8.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company's stock worth $208,000 after buying an additional 388 shares during the last quarter. Raymond James Trust N.A. raised its position in Bank OZK by 6.0% during the 3rd quarter. Raymond James Trust N.A. now owns 7,184 shares of the company's stock worth $309,000 after buying an additional 407 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company's stock worth $42,000 after acquiring an additional 411 shares during the period. 86.18% of the stock is 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.