Bank OZK (NASDAQ:OZK) Given Consensus Rating of “Reduce” by Brokerages

Shares of Bank OZK (NASDAQ:OZK) have been assigned an average rating of “Reduce” from the nine ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has 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 $49.33.

A number of analysts have recently weighed in on OZK shares. Truist Financial lowered their target price on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Monday, October 21st. Stephens boosted their price objective on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. UBS Group started coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 target price on the stock. Raymond James downgraded Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Finally, Piper Sandler lifted their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th.

Institutional Investors Weigh In On Bank OZK

Several large investors have recently made changes to their positions in the stock. Barclays PLC boosted its position in shares of Bank OZK by 30.7% during the third quarter. Barclays PLC now owns 254,874 shares of the company’s stock worth $10,958,000 after buying an additional 59,907 shares during the period. Geode Capital Management LLC grew its holdings in shares of Bank OZK by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock valued at $86,989,000 after acquiring an additional 126,352 shares in the last quarter. Verition Fund Management LLC grew its holdings in shares of Bank OZK by 68.6% in the 3rd quarter. Verition Fund Management LLC now owns 34,869 shares of the company’s stock valued at $1,499,000 after acquiring an additional 14,189 shares in the last quarter. Cerity Partners LLC increased its position in shares of Bank OZK by 112.8% in the third quarter. Cerity Partners LLC now owns 51,717 shares of the company’s stock valued at $2,223,000 after acquiring an additional 27,409 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in Bank OZK by 124.6% during the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after acquiring an additional 942,309 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

NASDAQ OZK opened at $43.83 on Monday. The company’s 50-day simple moving average is $46.60 and its 200 day simple moving average is $43.52. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. The stock has a market cap of $4.97 billion, a P/E ratio of 7.21 and a beta of 1.18. Bank OZK has a twelve month low of $37.43 and a twelve month high of $51.50.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, October 17th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The business had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $419.08 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. As a group, research analysts forecast that Bank OZK will post 6.03 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.74%. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, October 11th. Bank OZK’s dividend payout ratio is presently 26.97%.

About Bank OZK

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.