Bank OZK (NASDAQ:OZK) Stock Price Down 3.6% - Time to Sell?

Bank OZK (NASDAQ:OZK - Get Free Report)'s stock price traded down 3.6% during mid-day trading on Friday . The company traded as low as $45.06 and last traded at $45.10. 700,103 shares traded hands during trading, a decline of 45% from the average session volume of 1,266,905 shares. The stock had previously closed at $46.76.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on OZK shares. Morgan Stanley lifted their target price on Bank OZK from $48.00 to $51.00 and gave the stock an "equal weight" rating in a report on Monday, August 5th. Truist Financial cut their price objective on shares of Bank OZK from $49.00 to $48.00 and set a "hold" rating for the company in a report on Friday, September 20th. StockNews.com upgraded shares of Bank OZK from a "sell" rating to a "hold" rating in a research report on Thursday, July 18th. Piper Sandler lifted their price target on shares of Bank OZK from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Raymond James downgraded Bank OZK from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $48.63.

Bank OZK Price Performance

The business has a 50-day moving average of $42.12 and a two-hundred day moving average of $43.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The firm has a market cap of $5.07 billion, a P/E ratio of 7.62 and a beta of 1.17.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share for the quarter, hitting analysts' consensus estimates of $1.52. The firm had revenue of $416.78 million for the quarter, compared to analyst estimates of $414.39 million. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.47 EPS. On average, sell-side analysts anticipate that Bank OZK will post 6 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 11th will be paid a $0.41 dividend. This is a boost from Bank OZK's previous quarterly dividend of $0.40. The ex-dividend date is Friday, October 11th. This represents a $1.64 annualized dividend and a dividend yield of 3.67%. Bank OZK's dividend payout ratio is presently 27.47%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Bank OZK by 136.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 359,814 shares of the company's stock valued at $17,930,000 after purchasing an additional 207,341 shares in the last quarter. M&G Plc acquired a new stake in shares of Bank OZK during the 1st quarter worth approximately $8,437,000. State Board of Administration of Florida Retirement System increased its stake in shares of Bank OZK by 27.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 140,492 shares of the company's stock valued at $6,387,000 after acquiring an additional 29,993 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Bank OZK in the 2nd quarter valued at $873,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Bank OZK by 211.3% during the 1st quarter. BNP Paribas Financial Markets now owns 61,181 shares of the company's stock valued at $2,781,000 after acquiring an additional 41,527 shares during the period. Institutional investors and hedge funds own 86.18% of the company's stock.

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.