Bank OZK (NASDAQ:OZK) Given Average Recommendation of “Reduce” by Analysts

Bank OZK (NASDAQ:OZK) has been assigned a consensus recommendation of “Reduce” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $46.71.

OZK has been the topic of a number of recent research reports. Stephens reissued an “equal weight” rating and set a $50.00 price target on shares of Bank OZK in a research note on Thursday, July 18th. Truist Financial lifted their price target on Bank OZK from $41.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Wells Fargo & Company cut their price target on Bank OZK from $39.00 to $35.00 and set an “underweight” rating on the stock in a research note on Thursday, June 6th. StockNews.com raised Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Morgan Stanley raised their price objective on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th.

Bank OZK Stock Performance

NASDAQ:OZK opened at $42.61 on Friday. The stock’s 50-day simple moving average is $42.90 and its 200 day simple moving average is $43.16. The firm has a market capitalization of $4.83 billion, a PE ratio of 7.14 and a beta of 1.17. 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 has a twelve month low of $34.76 and a twelve month high of $52.36.

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, meeting the consensus estimate of $1.52. Bank OZK had a return on equity of 14.50% and a net margin of 27.04%. The business had revenue of $416.78 million for the quarter, compared to analyst estimates of $414.39 million. During the same period last year, the firm posted $1.47 earnings per share. Bank OZK’s revenue was up 7.2% compared to the same quarter last year. On average, analysts anticipate that Bank OZK will post 6.01 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 12th were issued a $0.40 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date was Friday, July 12th. Bank OZK’s payout ratio is presently 26.80%.

Institutional Investors Weigh In On Bank OZK

A number of hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC increased its holdings in 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 in the last quarter. Beacon Pointe Advisors LLC increased its holdings in shares of Bank OZK by 4.1% during the fourth quarter. Beacon Pointe Advisors LLC now owns 6,247 shares of the company’s stock valued at $311,000 after acquiring an additional 247 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of Bank OZK by 3.9% during the first 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 in the last quarter. Personal CFO Solutions LLC increased its holdings in shares of Bank OZK by 4.0% during the fourth 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 in the last quarter. Finally, Financial Partners Group LLC increased its holdings in shares of Bank OZK by 2.0% during the fourth quarter. Financial Partners Group LLC now owns 19,824 shares of the company’s stock valued at $988,000 after acquiring an additional 382 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors.

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.