Brokerages Set Bank OZK (NASDAQ:OZK) Target Price at $50.00

Bank OZK (NASDAQ:OZKGet Free Report) has been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $50.00.

A number of equities analysts recently issued reports on OZK shares. Stephens upped their target price on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. Finally, UBS Group initiated coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 target price for the company.

Check Out Our Latest Research Report on OZK

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC grew its stake in shares of Bank OZK by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company’s stock valued at $498,000 after purchasing an additional 193 shares during the period. Tidal Investments LLC boosted its stake in Bank OZK by 1.0% in the 4th quarter. Tidal Investments LLC now owns 21,575 shares of the company’s stock valued at $961,000 after buying an additional 205 shares in the last quarter. Bank of Montreal Can grew its position in Bank OZK by 0.5% in the fourth quarter. Bank of Montreal Can now owns 46,832 shares of the company’s stock valued at $2,085,000 after acquiring an additional 241 shares during the period. M&T Bank Corp raised its stake in Bank OZK by 1.9% during the third quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock worth $578,000 after acquiring an additional 244 shares in the last quarter. Finally, Principal Securities Inc. lifted its holdings in shares of Bank OZK by 12.7% during the fourth quarter. Principal Securities Inc. now owns 2,509 shares of the company’s stock valued at $112,000 after acquiring an additional 283 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Trading Up 0.9 %

Shares of NASDAQ:OZK opened at $43.89 on Friday. Bank OZK has a 52-week low of $37.43 and a 52-week high of $53.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The company has a market cap of $4.98 billion, a P/E ratio of 7.15 and a beta of 1.23. The stock’s 50-day moving average is $48.12 and its 200-day moving average is $45.89.

Bank OZK (NASDAQ:OZKGet Free Report) last released its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. During the same quarter last year, the firm posted $1.50 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were paid a $0.42 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a yield of 3.83%. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s payout ratio is presently 27.36%.

Bank OZK Company Profile

(Get Free Report

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.

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Analyst Recommendations for Bank OZK (NASDAQ:OZK)

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