Bank OZK (NASDAQ:OZK) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Bank OZK (NASDAQ:OZK) have been assigned an average recommendation of “Reduce” from the nine ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $48.25.

Several analysts recently issued reports on the stock. Truist Financial reduced their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Wells Fargo & Company upped their price objective on shares of Bank OZK from $35.00 to $40.00 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd. Piper Sandler increased their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Stephens boosted their target price on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Finally, UBS Group assumed coverage on Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OZK. M&T Bank Corp raised its position in Bank OZK by 1.9% in the 3rd quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock valued at $578,000 after purchasing an additional 244 shares in the last quarter. Pallas Capital Advisors LLC increased its stake in shares of Bank OZK by 3.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 10,555 shares of the company’s stock worth $470,000 after buying an additional 373 shares during the period. Evergreen Capital Management LLC raised its holdings in Bank OZK by 8.3% in the second quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock valued at $208,000 after acquiring an additional 388 shares in the last quarter. Raymond James Trust N.A. lifted its stake in Bank OZK by 6.0% in the third quarter. Raymond James Trust N.A. now owns 7,184 shares of the company’s stock worth $309,000 after acquiring an additional 407 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after acquiring an additional 411 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Stock Up 0.3 %

Shares of NASDAQ OZK opened at $45.34 on Friday. The company has a market capitalization of $5.14 billion, a P/E ratio of 7.46 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50 day simple moving average of $46.35 and a 200-day simple moving average of $44.14. Bank OZK has a 1 year low of $37.43 and a 1 year high of $51.50.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.12. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. The company had revenue of $412.34 million during the quarter, compared to analysts’ expectations of $407.19 million. During the same quarter last year, the firm earned $1.50 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts predict that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th will be given a dividend of $0.42 per share. The ex-dividend date is Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.71%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio is currently 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.