Bank OZK (NASDAQ:OZK) Receives $57.22 Average Price Target from Brokerages

Shares of Bank OZK (NASDAQ:OZK) have been assigned an average rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $57.2222.

A number of equities analysts recently commented on OZK shares. Zacks Research upgraded Bank OZK from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Citigroup reaffirmed a “sell” rating on shares of Bank OZK in a research report on Monday, January 5th. Wall Street Zen upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. UBS Group restated a “neutral” rating and issued a $51.00 target price on shares of Bank OZK in a research note on Tuesday, January 6th. Finally, Morgan Stanley lifted their price target on shares of Bank OZK from $57.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd.

Bank OZK Stock Performance

Shares of Bank OZK stock opened at $43.84 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average is $47.45 and its two-hundred day moving average is $47.73. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.66. The company has a market capitalization of $4.90 billion, a PE ratio of 7.11 and a beta of 0.93.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results 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 net margin of 25.50% and a return on equity of 12.65%. During the same quarter in the previous year, the firm posted $1.56 EPS. As a group, analysts expect that Bank OZK will post 6.02 earnings per share for the current 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 issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 4.2%. This is an increase from Bank OZK’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, January 13th. Bank OZK’s dividend payout ratio is currently 29.82%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in shares of Bank OZK in the 4th quarter valued at $25,000. Root Financial Partners LLC purchased a new position in shares of Bank OZK during the third quarter worth $27,000. BOKF NA purchased a new position in shares of Bank OZK during the third quarter worth $27,000. Highline Wealth Partners LLC acquired a new position in Bank OZK during the third quarter valued at $28,000. Finally, True Wealth Design LLC boosted its holdings in Bank OZK by 147.0% in the third quarter. True Wealth Design LLC now owns 568 shares of the company’s stock valued at $29,000 after purchasing an additional 338 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Company Profile

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.