Shares of Bank OZK (NASDAQ:OZK – Get Rating) have earned a consensus rating of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $54.00.
A number of equities analysts recently issued reports on the company. Citigroup upped their price target on Bank OZK from $46.00 to $50.00 in a report on Tuesday, January 25th. Truist Financial boosted their price target on Bank OZK from $48.00 to $53.00 in a research report on Monday, January 24th. StockNews.com assumed coverage on shares of Bank OZK in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Raymond James increased their target price on Bank OZK from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, January 24th. Finally, Piper Sandler decreased their price objective on shares of Bank OZK from $64.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, March 11th.
Large investors have recently bought and sold shares of the stock. Covestor Ltd acquired a new position in Bank OZK in the fourth quarter worth about $27,000. Quadrant Capital Group LLC acquired a new position in Bank OZK in the fourth quarter valued at approximately $37,000. Confluence Wealth Services Inc. acquired a new position in Bank OZK in the fourth quarter valued at approximately $45,000. C M Bidwell & Associates Ltd. acquired a new position in Bank OZK in the fourth quarter valued at approximately $45,000. Finally, Point72 Hong Kong Ltd acquired a new position in Bank OZK in the third quarter valued at approximately $74,000. Institutional investors and hedge funds own 79.75% of the company’s stock.
Bank OZK (NASDAQ:OZK – Get Rating) last announced its quarterly earnings results on Thursday, April 21st. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.07. Bank OZK had a return on equity of 12.46% and a net margin of 47.54%. The business had revenue of $280.82 million for the quarter, compared to analyst estimates of $273.45 million. During the same quarter in the prior year, the company posted $1.11 EPS. As a group, equities analysts forecast that Bank OZK will post 3.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 22nd. Investors of record on Friday, April 15th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.04%. This is an increase from Bank OZK’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, April 13th. Bank OZK’s dividend payout ratio (DPR) is 28.51%.
Bank OZK Company Profile (Get Rating)
Bank OZK provides various retail and commercial banking services. It accepts various deposit products, including non-interest-bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. The company also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.
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