Bank OZK (NASDAQ:OZK) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Bank OZK (NASDAQ:OZK) have earned an average rating of “Hold” from the ten brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $58.75.

Several analysts recently weighed in on the company. Wells Fargo & Company increased their target price on Bank OZK from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Morgan Stanley raised their price objective on shares of Bank OZK from $55.00 to $63.00 and gave the stock an “underperform” rating in a research note on Monday, September 29th. UBS Group dropped their target price on shares of Bank OZK from $57.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Bank OZK in a report on Thursday, October 30th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Bank OZK from $53.00 to $50.00 and set a “market perform” rating on the stock in a report on Monday, October 20th.

Institutional Trading of Bank OZK

Institutional investors have recently bought and sold shares of the business. Swiss Life Asset Management Ltd bought a new position in Bank OZK during the third quarter worth about $259,000. CIBC Private Wealth Group LLC raised its position in shares of Bank OZK by 436.2% during the third quarter. CIBC Private Wealth Group LLC now owns 1,228 shares of the company’s stock worth $63,000 after purchasing an additional 999 shares during the period. Danske Bank A S bought a new position in shares of Bank OZK during the 3rd quarter valued at about $1,104,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Bank OZK during the 3rd quarter valued at about $2,930,000. Finally, Morningstar Investment Management LLC acquired a new position in shares of Bank OZK in the 3rd quarter valued at approximately $2,523,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Stock Performance

OZK opened at $47.26 on Monday. The business has a 50 day moving average price of $46.68 and a two-hundred day moving average price of $48.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 7.62 and a beta of 0.92. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, October 16th. The company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.07). The company had revenue of $449.94 million for the quarter, compared to analysts’ expectations of $447.93 million. Bank OZK had a net margin of 25.81% and a return on equity of 13.00%. During the same period in the prior year, the company earned $1.55 earnings per share. Research analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 14th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, October 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.44. Bank OZK’s dividend payout ratio (DPR) is presently 29.03%.

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.