Bank OZK (NASDAQ:OZK) Receives Average Rating of "Reduce" from Analysts

Bank OZK (NASDAQ:OZK - Get Free Report) has received an average recommendation of "Reduce" from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $48.50.

A number of equities analysts have commented on the stock. Truist Financial cut their price objective on shares of Bank OZK from $48.00 to $46.00 and set a "hold" rating on the stock in a report on Monday, October 21st. Stephens raised their price objective on Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. StockNews.com upgraded Bank OZK from a "sell" rating to a "hold" rating in a report on Thursday, July 18th. Morgan Stanley increased their target price on Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. Finally, Raymond James lowered shares of Bank OZK from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 17th.

Bank OZK Stock Up 0.2 %

Shares of NASDAQ OZK traded up $0.09 during trading on Friday, reaching $43.84. 973,335 shares of the stock were exchanged, compared to its average volume of 1,295,809. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 7.21 and a beta of 1.16. The business's 50-day moving average price is $42.69 and its 200 day moving average price is $43.04. 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 twelve month low of $36.14 and a twelve month high of $52.36.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were paid a dividend of $0.41 per share. This is a positive change from Bank OZK's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.64 annualized dividend and a yield of 3.74%. Bank OZK's payout ratio is presently 26.97%.

Institutional Investors Weigh In On Bank OZK

Institutional investors have recently modified their holdings of the business. LRI Investments LLC acquired a new stake in shares of Bank OZK during the 1st quarter worth approximately $29,000. PSI Advisors LLC increased its position in Bank OZK by 20,933.3% in the second quarter. PSI Advisors LLC now owns 631 shares of the company's stock worth $26,000 after buying an additional 628 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 last quarter. Versant Capital Management Inc boosted its holdings in shares of Bank OZK by 423.0% during the second 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. Finally, American National Bank & Trust bought a new position in shares of Bank OZK during the third quarter worth about $44,000. 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.