Bank OZK (NASDAQ:OZK) Given New $54.00 Price Target at Stephens

Bank OZK (NASDAQ:OZK) had its price objective decreased by Stephens from $59.00 to $54.00 in a report released on Monday morning,Benzinga reports. Stephens currently has an equal weight rating on the stock.

OZK has been the topic of several other reports. Wells Fargo & Company cut their price target on shares of Bank OZK from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley dropped their price target on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Bank OZK has a consensus rating of “Hold” and a consensus target price of $49.00.

Bank OZK Stock Down 3.3 %

Bank OZK stock opened at $40.25 on Monday. The stock’s fifty day moving average is $44.11 and its two-hundred day moving average is $45.85. The stock has a market cap of $4.57 billion, a PE ratio of 6.56 and a beta of 1.05. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.05. The firm had revenue of $409.23 million during the quarter, compared to analysts’ expectations of $403.05 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. During the same quarter in the previous year, the business earned $1.51 earnings per share. On average, sell-side analysts expect that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Monday, April 14th. This is a boost from Bank OZK’s previous quarterly dividend of $0.42. Bank OZK’s dividend payout ratio (DPR) is 28.20%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Bank OZK during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new stake in Bank OZK in the fourth quarter valued at $27,000. CX Institutional purchased a new stake in shares of Bank OZK during the 1st quarter worth $30,000. Smartleaf Asset Management LLC increased its holdings in shares of Bank OZK by 176.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company’s stock valued at $34,000 after purchasing an additional 486 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in shares of Bank OZK by 81.3% in the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock valued at $42,000 after purchasing an additional 425 shares during the period. 86.18% of the stock is owned by hedge funds and other 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.