Bank OZK (NASDAQ:OZK) Given Average Rating of "Hold" by Brokerages

Shares of Bank OZK (NASDAQ:OZK - Get Free Report) have been given a consensus rating of "Hold" by the nine analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $49.13.

A number of equities analysts have commented on OZK shares. Morgan Stanley cut their price objective on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company dropped their price objective on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Keefe, Bruyette & Woods decreased their price objective on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Finally, Stephens lowered their price target on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st.

Bank OZK Stock Up 1.2 %

Bank OZK stock traded up $0.50 during mid-day trading on Friday, reaching $43.10. 112,600 shares of the company's stock were exchanged, compared to its average volume of 1,447,036. The company has a fifty day moving average of $42.95 and a 200-day moving average of $45.80. The company has a market cap of $4.89 billion, a P/E ratio of 7.01 and a beta of 1.05. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.05. The business had revenue of $409.23 million during the quarter, compared to analysts' expectations of $403.05 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. During the same period in the previous year, the company earned $1.51 EPS. Sell-side analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.99%. This is an increase from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio is currently 28.20%.

Institutional Trading of Bank OZK

Several institutional investors have recently made changes to their positions in OZK. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Bank OZK during the 4th quarter worth about $27,000. Kestra Investment Management LLC acquired a new stake in Bank OZK during the fourth quarter worth about $27,000. CX Institutional acquired a new position in shares of Bank OZK during the first quarter valued at $30,000. Smartleaf Asset Management LLC raised its stake in shares of Bank OZK by 176.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock valued at $34,000 after purchasing an additional 486 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in shares of Bank OZK by 81.3% in the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock worth $42,000 after acquiring an additional 425 shares during the period. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Company Profile

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.