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

Bank OZK (NASDAQ:OZK) has earned a consensus rating of “Reduce” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $46.57.

A number of equities analysts have recently issued reports on OZK shares. Stephens reiterated an “equal weight” rating and set a $50.00 price objective on shares of Bank OZK in a research note on Thursday, July 18th. Wells Fargo & Company dropped their target price on Bank OZK from $39.00 to $35.00 and set an “underweight” rating on the stock in a research report on Thursday, June 6th. Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Morgan Stanley raised their price objective on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Finally, Citigroup downgraded shares of Bank OZK from a “buy” rating to a “sell” rating and reduced their target price for the stock from $57.00 to $37.00 in a report on Wednesday, May 29th.

Institutional Trading of Bank OZK

Several large investors have recently bought and sold shares of OZK. Tidal Investments LLC raised its stake in shares of Bank OZK by 4.0% in the first quarter. Tidal Investments LLC now owns 5,491 shares of the company’s stock worth $250,000 after purchasing an additional 210 shares during the last quarter. Beacon Pointe Advisors LLC raised its position in Bank OZK by 4.1% during the 4th quarter. Beacon Pointe Advisors LLC now owns 6,247 shares of the company’s stock worth $311,000 after buying an additional 247 shares during the last quarter. HB Wealth Management LLC lifted its stake in Bank OZK by 3.9% during the 1st quarter. HB Wealth Management LLC now owns 6,607 shares of the company’s stock valued at $300,000 after acquiring an additional 249 shares during the period. Personal CFO Solutions LLC boosted its holdings in shares of Bank OZK by 4.0% in the 4th quarter. Personal CFO Solutions LLC now owns 8,465 shares of the company’s stock valued at $422,000 after acquiring an additional 329 shares during the last quarter. Finally, Financial Partners Group LLC increased its stake in shares of Bank OZK by 2.0% in the fourth quarter. Financial Partners Group LLC now owns 19,824 shares of the company’s stock worth $988,000 after acquiring an additional 382 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Down 2.8 %

Shares of NASDAQ OZK opened at $42.76 on Friday. Bank OZK has a twelve month low of $34.76 and a twelve month high of $52.36. The firm has a market cap of $4.85 billion, a PE ratio of 7.16 and a beta of 1.17. The business has a fifty day simple moving average of $42.90 and a two-hundred day simple moving average of $43.17. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17.

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

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 12th were given a $0.40 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Friday, July 12th. Bank OZK’s dividend payout ratio (DPR) is presently 26.80%.

About Bank OZK

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.