Bank OZK (NASDAQ:OZK) Receives $48.50 Average Price Target from Analysts

Shares of Bank OZK (NASDAQ:OZK) have been assigned an average recommendation of “Reduce” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $49.13.

Several analysts recently commented on OZK shares. Stephens raised their price target on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Wells Fargo & Company raised their price target on shares of Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a research report on Tuesday. Piper Sandler raised their price target on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Truist Financial dropped their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Finally, Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings in Bank OZK by 291.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock worth $95,848,000 after acquiring an additional 1,765,974 shares in the last quarter. Wellington Management Group LLP grew its holdings in Bank OZK by 32.7% during the 3rd quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock worth $181,566,000 after acquiring an additional 1,041,198 shares in the last quarter. Captrust Financial Advisors grew its holdings in Bank OZK by 124.6% during the 3rd quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after acquiring an additional 942,309 shares in the last quarter. Millennium Management LLC grew its holdings in Bank OZK by 196.4% during the 2nd quarter. Millennium Management LLC now owns 1,365,393 shares of the company’s stock worth $55,981,000 after acquiring an additional 904,782 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Bank OZK by 483.9% during the 2nd quarter. Victory Capital Management Inc. now owns 980,358 shares of the company’s stock worth $40,195,000 after acquiring an additional 812,464 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Trading Down 0.7 %

NASDAQ:OZK opened at $47.99 on Thursday. Bank OZK has a 52 week low of $37.43 and a 52 week high of $52.36. The firm has a 50 day moving average of $45.60 and a 200 day moving average of $43.32. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 7.89 and a beta of 1.18.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, October 17th. The company reported $1.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $419.08 million. As a group, sell-side analysts anticipate that Bank OZK will post 6.03 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were issued a $0.41 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.42%. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s payout ratio is 26.97%.

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.