Bank OZK (NASDAQ:OZK) Given Consensus Rating of “Reduce” by Analysts

Shares of Bank OZK (NASDAQ:OZK) have been given an average recommendation of “Reduce” by the nine research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $49.13.

Several research analysts have weighed in on the company. Truist Financial dropped their price target on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Monday, October 21st. Piper Sandler raised their target price on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Stephens boosted their price target on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Finally, 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 report on Tuesday.

Bank OZK Stock Down 0.7 %

Shares of OZK stock opened at $47.99 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. Bank OZK has a one year low of $37.43 and a one year high of $52.36. The company’s fifty day moving average price is $45.60 and its 200-day moving average price is $43.32. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 7.89 and a beta of 1.18.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, October 17th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. The business had revenue of $423.00 million for the quarter, compared to analysts’ expectations of $419.08 million. Sell-side analysts expect that Bank OZK will post 6.03 EPS for the current fiscal 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 3.42%. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, October 11th. Bank OZK’s dividend payout ratio is currently 26.97%.

Institutional Trading of Bank OZK

Several hedge funds have recently made changes to their positions in the business. Tidal Investments LLC raised its position in shares of Bank OZK by 4.0% during the 1st quarter. Tidal Investments LLC now owns 5,491 shares of the company’s stock valued at $250,000 after buying an additional 210 shares in the last quarter. M&T Bank Corp raised its position in shares of Bank OZK by 1.9% during the 3rd quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock valued at $578,000 after buying an additional 244 shares in the last quarter. Evergreen Capital Management LLC raised its position in shares of Bank OZK by 8.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock valued at $208,000 after buying an additional 388 shares in the last quarter. Naples Global Advisors LLC raised its position in shares of Bank OZK by 2.5% during the 2nd quarter. Naples Global Advisors LLC now owns 16,550 shares of the company’s stock valued at $679,000 after buying an additional 400 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in shares of Bank OZK by 6.0% during the 3rd quarter. Raymond James Trust N.A. now owns 7,184 shares of the company’s stock valued at $309,000 after buying an additional 407 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

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.