Analysts Set Bank OZK (NASDAQ:OZK) Target Price at $56.78

Bank OZK (NASDAQ:OZK) has been given a consensus recommendation of “Hold” by the eleven analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $56.7778.

Several research analysts recently weighed in on OZK shares. Morgan Stanley dropped their target price on shares of Bank OZK from $59.00 to $57.00 and set an “equal weight” rating for the company in a report on Thursday, January 22nd. Piper Sandler set a $62.00 price objective on Bank OZK in a research report on Thursday, January 22nd. UBS Group reaffirmed a “neutral” rating and issued a $51.00 price objective on shares of Bank OZK in a research note on Tuesday, January 6th. Wall Street Zen upgraded Bank OZK from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Zacks Research raised Bank OZK from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th.

Hedge Funds Weigh In On Bank OZK

Hedge funds and other institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new stake in Bank OZK in the 4th quarter valued at $25,000. Root Financial Partners LLC bought a new position in shares of Bank OZK during the 3rd quarter valued at about $27,000. BOKF NA purchased a new position in shares of Bank OZK during the third quarter valued at about $27,000. Hantz Financial Services Inc. increased its holdings in shares of Bank OZK by 58.2% in the second quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock worth $28,000 after purchasing an additional 217 shares during the last quarter. Finally, Highline Wealth Partners LLC bought a new stake in shares of Bank OZK in the third quarter worth about $28,000. Institutional investors own 86.18% of the company’s stock.

Bank OZK Price Performance

Shares of NASDAQ:OZK opened at $49.07 on Friday. The company has a market capitalization of $5.49 billion, a P/E ratio of 7.95 and a beta of 0.94. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66. The firm’s 50 day simple moving average is $48.10 and its two-hundred day simple moving average is $48.44. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.02 and a quick ratio of 1.03.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Tuesday, January 20th. The company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). The firm had revenue of $436.29 million during the quarter, compared to analysts’ expectations of $434.68 million. Bank OZK had a return on equity of 12.65% and a net margin of 25.50%.During the same period last year, the company earned $1.56 earnings per share. Research analysts expect that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 13th were given a dividend of $0.46 per share. The ex-dividend date was Tuesday, January 13th. This is an increase from Bank OZK’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 3.7%. Bank OZK’s dividend payout ratio (DPR) is 29.82%.

About Bank OZK

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.