Brokerages Set Bank OZK (NASDAQ:OZK) Target Price at $46.71

Bank OZK (NASDAQ:OZK) has been assigned an average rating of “Reduce” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $46.71.

Several analysts have commented on OZK shares. Citigroup lowered shares of Bank OZK from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $57.00 to $37.00 in a report on Wednesday, May 29th. StockNews.com raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Wells Fargo & Company decreased their target price on shares of Bank OZK from $39.00 to $35.00 and set an “underweight” rating for the company in a research note on Thursday, June 6th. Morgan Stanley boosted their price target on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Finally, Stephens reaffirmed an “equal weight” rating and set a $50.00 price objective on shares of Bank OZK in a research report on Thursday, July 18th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. LRI Investments LLC bought a new stake in shares of Bank OZK in the first quarter worth about $29,000. Principal Securities Inc. purchased a new position in shares of Bank OZK in the fourth quarter valued at $31,000. PSI Advisors LLC increased its position in Bank OZK by 20,933.3% in the second quarter. PSI Advisors LLC now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 628 shares during the last quarter. Versant Capital Management Inc raised its stake in Bank OZK by 423.0% during the second quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock valued at $40,000 after purchasing an additional 791 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Bank OZK in the 2nd quarter worth $46,000. Institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Up 1.1 %

OZK opened at $42.04 on Friday. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 7.04 and a beta of 1.17. Bank OZK has a one year low of $34.76 and a one year high of $52.36. The business has a 50 day simple moving average of $42.86 and a two-hundred day simple moving average of $43.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $1.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.52. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The business had revenue of $416.78 million for the quarter, compared to the consensus estimate of $414.39 million. During the same period in the previous year, the firm earned $1.47 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts predict that Bank OZK will post 6.01 EPS for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 12th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, July 12th. This is an increase from Bank OZK’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 3.81%. Bank OZK’s payout ratio is 26.80%.

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.