UBS Group Begins Coverage on Bank OZK (NASDAQ:OZK)

UBS Group started coverage on shares of Bank OZK (NASDAQ:OZK - Free Report) in a report issued on Tuesday, Marketbeat reports. The brokerage issued a neutral rating and a $51.00 target price on the stock.

OZK has been the topic of several other research reports. Truist Financial cut their price objective on 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 shares of Bank OZK from $48.00 to $51.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Wells Fargo & Company upped their target price on shares of Bank OZK from $35.00 to $40.00 and gave the stock an "underweight" rating in a research note on Tuesday, December 3rd. Raymond James cut shares of Bank OZK from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 17th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $49.33.

Bank OZK Price Performance

Shares of Bank OZK stock traded down $1.29 during mid-day trading on Tuesday, reaching $46.42. 1,163,933 shares of the stock traded hands, compared to its average volume of 1,254,816. The business has a 50-day moving average of $46.44 and a 200 day moving average of $43.40. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $5.27 billion, a PE ratio of 7.65 and a beta of 1.18. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $51.50.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The business had revenue of $423.00 million during the quarter, compared to analysts' expectations of $419.08 million. On average, analysts predict that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Friday, October 11th. This is a positive change from Bank OZK's previous quarterly dividend of $0.40. Bank OZK's dividend payout ratio (DPR) is 26.97%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. M&T Bank Corp lifted its position in 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 acquiring an additional 244 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Bank OZK by 8.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company's stock valued at $208,000 after purchasing an additional 388 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Bank OZK by 6.0% in the 3rd quarter. Raymond James Trust N.A. now owns 7,184 shares of the company's stock valued at $309,000 after purchasing an additional 407 shares during the period. Assetmark Inc. grew its stake in Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company's stock worth $42,000 after buying an additional 411 shares during the last quarter. Finally, PSI Advisors LLC grew its stake in Bank OZK by 20,933.3% during the 2nd quarter. PSI Advisors LLC now owns 631 shares of the company's stock worth $26,000 after buying an additional 628 shares during the last quarter. Institutional investors and hedge funds 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.