Bank OZK (NASDAQ:OZK) Receives Consensus Rating of “Hold” from Brokerages

Bank OZK (NASDAQ:OZK) has earned an average rating of “Hold” from the seven research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $48.14.

OZK has been the topic of a number of analyst reports. Truist Financial reduced their price objective on shares of Bank OZK from $52.00 to $48.00 and set a “hold” rating on the stock in a research note on Monday, April 1st. UBS Group downgraded shares of Bank OZK from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Citigroup reduced their price target on shares of Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, March 13th. Raymond James upgraded shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a research note on Friday, January 5th. Finally, StockNews.com downgraded shares of Bank OZK from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd.

Bank OZK Price Performance

Shares of OZK opened at $41.78 on Wednesday. The firm has a market capitalization of $4.73 billion, a PE ratio of 7.12 and a beta of 1.27. The company’s 50-day moving average is $43.34 and its 200-day moving average is $43.12. Bank OZK has a fifty-two week low of $30.72 and a fifty-two week high of $52.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.03 and a quick ratio of 1.03.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Friday, January 19th. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.04. The firm had revenue of $407.58 million for the quarter, compared to the consensus estimate of $396.54 million. Bank OZK had a net margin of 30.69% and a return on equity of 15.13%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 earnings per share. Equities analysts forecast that Bank OZK will post 5.87 EPS for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 12th will be issued a dividend of $0.39 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.56 annualized dividend and a yield of 3.73%. Bank OZK’s dividend payout ratio (DPR) is presently 26.58%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OZK. Lazard Asset Management LLC bought a new stake in shares of Bank OZK in the 1st quarter valued at $25,000. Steward Partners Investment Advisory LLC increased its stake in shares of Bank OZK by 66.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 581 shares of the company’s stock valued at $29,000 after acquiring an additional 231 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Bank OZK in the 4th quarter valued at $31,000. Geneos Wealth Management Inc. increased its stake in shares of Bank OZK by 94.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 776 shares of the company’s stock valued at $33,000 after acquiring an additional 376 shares in the last quarter. Finally, Bare Financial Services Inc bought a new stake in shares of Bank OZK in the 4th quarter valued at $36,000. Institutional investors own 86.18% of the company’s stock.

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.