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

Bank OZK (NASDAQ:OZK) 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.

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:OZK) 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

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.