Bank OZK (NASDAQ:OZK) Now Covered by Analysts at UBS Group

UBS Group assumed coverage on shares of Bank OZK (NASDAQ:OZK) in a research report report published on Tuesday morning, MarketBeat reports. The firm issued a neutral rating and a $48.00 target price on the stock.

A number of other brokerages also recently issued reports on OZK. TD Cowen lowered their price target on shares of Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. Stephens lowered their price target on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Wells Fargo & Company increased their price target on shares of Bank OZK from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, March 30th. Zacks Research raised shares of Bank OZK from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Bank OZK in a report on Tuesday, January 27th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.89.

Bank OZK Stock Down 0.5%

Shares of OZK opened at $46.64 on Tuesday. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.66. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 7.56 and a beta of 0.93. The stock’s 50-day moving average price is $46.99 and its 200-day moving average price is $47.17.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Tuesday, January 20th. The company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). Bank OZK had a return on equity of 12.65% and a net margin of 25.50%.The company had revenue of $436.29 million during the quarter, compared to analysts’ expectations of $434.68 million. During the same quarter in the previous year, the company earned $1.56 EPS. On average, sell-side analysts predict that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Monday, April 13th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, April 13th. This represents a $1.88 dividend on an annualized basis and a yield of 4.0%. Bank OZK’s dividend payout ratio is currently 29.82%.

Hedge Funds Weigh In On Bank OZK

Hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new position in Bank OZK during the third quarter valued at $27,000. BOKF NA purchased a new position in Bank OZK during the third quarter valued at $27,000. Highline Wealth Partners LLC purchased a new position in Bank OZK during the third quarter valued at $28,000. V Square Quantitative Management LLC purchased a new position in Bank OZK during the fourth quarter valued at $25,000. Finally, True Wealth Design LLC lifted its holdings in Bank OZK by 147.0% during the third quarter. True Wealth Design LLC now owns 568 shares of the company’s stock valued at $29,000 after purchasing an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

About Bank OZK

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.