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

Shares of Bank OZK (NASDAQ:OZK) have earned an average recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $56.7778.

OZK has been the topic of a number of recent research reports. Citigroup reiterated a “sell” rating on shares of Bank OZK in a research report on Monday, January 5th. Zacks Research upgraded Bank OZK from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Stephens dropped their price objective on Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Morgan Stanley cut their target price on shares of Bank OZK from $59.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. Finally, TD Cowen reduced their target price on shares of Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd.

Institutional Trading of Bank OZK

Institutional investors and hedge funds have recently made changes to their positions in the business. TMB Capital Partners LLC bought a new position in shares of Bank OZK in the 4th quarter worth $1,514,000. Invesco Ltd. boosted its holdings in Bank OZK by 17.0% during the fourth quarter. Invesco Ltd. now owns 651,085 shares of the company’s stock worth $29,963,000 after buying an additional 94,590 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Bank OZK by 26.8% during the fourth quarter. Corient Private Wealth LLC now owns 39,749 shares of the company’s stock worth $1,682,000 after buying an additional 8,406 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Bank OZK during the 4th quarter worth about $454,000. Finally, Mackenzie Financial Corp increased its stake in shares of Bank OZK by 17.4% in the 4th quarter. Mackenzie Financial Corp now owns 925,953 shares of the company’s stock valued at $43,009,000 after acquiring an additional 137,134 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Up 1.5%

Shares of NASDAQ OZK opened at $49.82 on Friday. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.66. The firm’s 50-day simple moving average is $48.07 and its 200 day simple moving average is $48.43. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.08. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 8.07 and a beta of 0.94.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Tuesday, January 20th. The company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). The company had revenue of $436.29 million during the quarter, compared to the consensus estimate of $434.68 million. Bank OZK had a return on equity of 12.65% and a net margin of 25.50%.During the same period in the prior year, the firm posted $1.56 earnings per share. On average, research analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 13th were paid a $0.46 dividend. The ex-dividend date of this dividend was Tuesday, January 13th. This is a boost from Bank OZK’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a yield of 3.7%. Bank OZK’s payout ratio is 29.82%.

Bank OZK Company Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.