Bank OZK (NASDAQ:OZK) Receives Consensus Rating of “Reduce” from Analysts

Shares of Bank OZK (NASDAQ:OZK) have earned a consensus rating of “Reduce” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $48.50.

A number of equities analysts have recently issued reports on the company. Piper Sandler raised their price target on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Stephens raised their target price on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Morgan Stanley raised their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Finally, Truist Financial reduced their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a report on Monday, October 21st.

Bank OZK Price Performance

OZK opened at $48.87 on Thursday. The company’s 50-day simple moving average is $45.32 and its two-hundred day simple moving average is $43.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $5.54 billion, a P/E ratio of 8.04 and a beta of 1.16. Bank OZK has a 52-week low of $37.43 and a 52-week high of $52.36.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The company had revenue of $423.00 million for the quarter, compared to the consensus estimate of $419.08 million. As a group, analysts predict that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were given a $0.41 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Friday, October 11th. Bank OZK’s dividend payout ratio is presently 26.97%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OZK. PSI Advisors LLC raised its holdings in Bank OZK by 20,933.3% during the second quarter. PSI Advisors LLC now owns 631 shares of the company’s stock valued at $26,000 after acquiring an additional 628 shares during the period. Versant Capital Management Inc grew its position in shares of Bank OZK by 423.0% during the second quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock worth $40,000 after purchasing an additional 791 shares in the last quarter. Assetmark Inc. raised its stake in Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after purchasing an additional 411 shares during the period. American National Bank & Trust bought a new position in Bank OZK in the 3rd quarter worth approximately $44,000. Finally, Innealta Capital LLC purchased a new stake in Bank OZK during the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

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.