Bank OZK (NASDAQ:OZK) Receives Average Rating of “Hold” from Analysts

Bank OZK (NASDAQ:OZK) has been assigned an average rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $40.50.

A number of brokerages have recently commented on OZK. StockNews.com started coverage on shares of Bank OZK in a research note on Thursday, August 17th. They issued a “sell” rating for the company. Truist Financial increased their price target on Bank OZK from $43.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday, July 25th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $35.00 price objective on shares of Bank OZK in a report on Monday, July 24th. Finally, Stephens increased their target price on Bank OZK from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, July 24th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC purchased a new position in Bank OZK during the first quarter valued at approximately $25,000. Geneos Wealth Management Inc. increased its stake in Bank OZK by 94.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 776 shares of the company’s stock worth $33,000 after buying an additional 376 shares in the last quarter. Covestor Ltd raised its holdings in Bank OZK by 56.6% during the first quarter. Covestor Ltd now owns 896 shares of the company’s stock valued at $38,000 after acquiring an additional 324 shares during the period. Quarry LP lifted its position in shares of Bank OZK by 235.2% in the first quarter. Quarry LP now owns 1,106 shares of the company’s stock valued at $38,000 after acquiring an additional 776 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of Bank OZK in the fourth quarter worth about $42,000. 84.84% of the stock is currently owned by institutional investors.

Bank OZK Stock Performance

OZK stock opened at $41.08 on Tuesday. The stock’s 50 day simple moving average is $41.49 and its 200 day simple moving average is $38.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.35. Bank OZK has a 12-month low of $30.72 and a 12-month high of $49.52. The stock has a market capitalization of $5.15 billion, a PE ratio of 7.75 and a beta of 1.44.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Friday, July 21st. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Bank OZK had a net margin of 35.47% and a return on equity of 14.60%. The business had revenue of $388.81 million for the quarter, compared to the consensus estimate of $374.41 million. During the same period in the previous year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was up 33.1% compared to the same quarter last year. As a group, research analysts forecast that Bank OZK will post 5.74 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 14th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, July 13th. This is an increase from Bank OZK’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 3.51%. Bank OZK’s payout ratio is 27.17%.

Bank OZK Company Profile

Bank OZK provides various retail and commercial banking services. The company 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. It also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural equipment, small business, lines of credit, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.