Bank OZK (NASDAQ:OZK) Receives Consensus Recommendation of "Reduce" from Analysts

Shares of Bank OZK (NASDAQ:OZK - Get Free Report) have been given an average rating of "Reduce" by the eight research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $46.57.

A number of brokerages have recently issued reports on OZK. Raymond James cut shares of Bank OZK from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 17th. StockNews.com raised Bank OZK from a "sell" rating to a "hold" rating in a research note on Thursday, July 18th. Morgan Stanley lifted their target price on Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a research report on Monday, August 5th. Stephens reiterated an "equal weight" rating and set a $50.00 price target on shares of Bank OZK in a report on Thursday, July 18th. Finally, Truist Financial dropped their price objective on Bank OZK from $49.00 to $48.00 and set a "hold" rating on the stock in a research note on Friday, September 20th.

Bank OZK Stock Up 1.6 %

NASDAQ:OZK traded up $0.65 on Wednesday, hitting $42.04. The stock had a trading volume of 1,440,957 shares, compared to its average volume of 1,263,461. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. Bank OZK has a 52 week low of $34.76 and a 52 week high of $52.36. The business's fifty day moving average is $41.81 and its 200 day moving average is $43.03. The company has a market cap of $4.77 billion, a PE ratio of 7.04 and a beta of 1.17.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.52. The company had revenue of $416.78 million for the quarter, compared to analysts' expectations of $414.39 million. Bank OZK had a return on equity of 14.50% and a net margin of 27.04%. Bank OZK's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $1.47 EPS. On average, equities research analysts expect that Bank OZK will post 6.01 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 11th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Friday, October 11th. This is an increase from Bank OZK's previous quarterly dividend of $0.40. Bank OZK's dividend payout ratio (DPR) is 26.80%.

Institutional Investors Weigh In On Bank OZK

A number of hedge funds have recently modified their holdings of the stock. LRI Investments LLC bought a new stake in shares of Bank OZK in the first quarter valued at $29,000. PSI Advisors LLC increased its holdings in Bank OZK by 20,933.3% in the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company's stock worth $26,000 after acquiring an additional 628 shares during the last quarter. Versant Capital Management Inc raised its stake in Bank OZK by 423.0% in the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company's stock valued at $40,000 after acquiring an additional 791 shares during the period. American National Bank & Trust purchased a new stake in Bank OZK during the third quarter valued at about $44,000. Finally, Innealta Capital LLC bought a new position in Bank OZK during the second quarter worth about $46,000. 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.