Bank OZK (NASDAQ:OZK) PT Raised to $47.00

Bank OZK (NASDAQ:OZK) had its price target hoisted by Keefe, Bruyette & Woods from $45.00 to $47.00 in a research report sent to investors on Monday, Benzinga reports. The firm currently has a market perform rating on the stock.

Several other analysts have also commented on the company. Truist Financial decreased their price objective on Bank OZK from $48.00 to $47.00 and set a hold rating for the company in a report on Monday. Raymond James upgraded Bank OZK from a market perform rating to an outperform rating and set a $58.00 price objective for the company in a report on Friday, January 5th. StockNews.com lowered Bank OZK from a hold rating to a sell rating in a research note on Friday, March 22nd. UBS Group lowered Bank OZK from a buy rating to a neutral rating in a research note on Monday, January 8th. Finally, Wells Fargo & Company reduced their target price on Bank OZK from $41.00 to $39.00 and set an underweight rating for the company in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and an average target price of $48.25.

Bank OZK Stock Performance

Shares of OZK opened at $45.18 on Monday. Bank OZK has a 12 month low of $30.72 and a 12 month high of $52.36. The stock has a fifty day moving average price of $43.42 and a 200-day moving average price of $43.33. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The firm has a market cap of $5.11 billion, a PE ratio of 7.57 and a beta of 1.27.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, April 18th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.44 by $0.07. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. The firm had revenue of $406.02 million during the quarter, compared to analyst estimates of $396.81 million. During the same quarter in the prior year, the business posted $1.41 EPS. Equities research analysts predict that Bank OZK will post 5.89 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were given a dividend of $0.39 per share. This is an increase from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.45%. The ex-dividend date was Thursday, April 11th. Bank OZK’s dividend payout ratio (DPR) is currently 26.13%.

Institutional Investors Weigh In On Bank OZK

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OZK. Principal Securities Inc. acquired a new stake in Bank OZK during the 4th quarter worth about $31,000. Bare Financial Services Inc acquired a new stake in Bank OZK during the 4th quarter worth about $36,000. SRS Capital Advisors Inc. grew its position in Bank OZK by 303.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 929 shares of the company’s stock worth $46,000 after purchasing an additional 699 shares during the period. Fifth Third Bancorp grew its position in Bank OZK by 25.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,487 shares of the company’s stock worth $55,000 after purchasing an additional 302 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position in Bank OZK by 601.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,402 shares of the company’s stock worth $69,000 after purchasing an additional 1,202 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

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.