Bank OZK (NASDAQ:OZK) Given Average Recommendation of “Hold” by Analysts

Bank OZK (NASDAQ:OZK) has received an average rating of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $56.7778.

A number of analysts recently weighed in on the stock. UBS Group reissued a “neutral” rating and issued a $51.00 price objective on shares of Bank OZK in a research report on Tuesday, January 6th. TD Cowen dropped their price objective on Bank OZK from $56.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Stephens decreased their target price on Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a research report on Thursday. Keefe, Bruyette & Woods lowered their target price on shares of Bank OZK from $53.00 to $50.00 and set a “market perform” rating for the company in a research note on Monday, October 20th. Finally, Wall Street Zen upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd.

Institutional Trading of Bank OZK

Several institutional investors and hedge funds have recently modified their holdings of the stock. Truist Financial Corp grew its position in shares of Bank OZK by 7.1% during the 2nd quarter. Truist Financial Corp now owns 16,494 shares of the company’s stock worth $776,000 after buying an additional 1,088 shares in the last quarter. Nomura Holdings Inc. lifted its stake in Bank OZK by 160.6% in the second quarter. Nomura Holdings Inc. now owns 107,000 shares of the company’s stock worth $5,035,000 after acquiring an additional 65,946 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Bank OZK by 57.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 694,956 shares of the company’s stock worth $32,705,000 after acquiring an additional 253,001 shares in the last quarter. Tectonic Advisors LLC bought a new position in Bank OZK during the 3rd quarter worth about $773,000. Finally, Twin Lions Management LLC increased its position in Bank OZK by 23.1% during the 2nd quarter. Twin Lions Management LLC now owns 340,330 shares of the company’s stock valued at $16,016,000 after purchasing an additional 63,800 shares during the period. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

NASDAQ:OZK opened at $46.27 on Tuesday. The firm has a market capitalization of $5.18 billion, a PE ratio of 7.50 and a beta of 0.90. The stock’s fifty day moving average is $46.92 and its 200 day moving average is $48.64. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 1.02.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data 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). Bank OZK had a net margin of 25.50% and a return on equity of 12.65%. The firm had revenue of $436.29 million for the quarter, compared to the consensus estimate of $434.68 million. During the same quarter last year, the firm earned $1.56 EPS. On average, sell-side analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently announced 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 was Tuesday, January 13th. This represents a $1.84 dividend on an annualized basis and a yield of 4.0%. This is an increase from Bank OZK’s previous quarterly dividend of $0.45. Bank OZK’s payout ratio is currently 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.