Bank OZK (NASDAQ:OZK) Receives Consensus Rating of "Hold" from Brokerages

Bank OZK (NASDAQ:OZK - Get Free Report) has been assigned an average recommendation of "Hold" from the eight ratings firms that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $50.86.

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

Bank OZK Stock Up 1.1%

Shares of Bank OZK stock traded up $0.49 during trading on Monday, reaching $44.91. The stock had a trading volume of 667,337 shares, compared to its average volume of 1,246,242. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 7.36 and a beta of 0.85. The stock has a fifty day moving average price of $43.84 and a two-hundred day moving average price of $45.46. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.05. The business had revenue of $409.23 million for the quarter, compared to analyst estimates of $403.05 million. Bank OZK had a return on equity of 13.46% and a net margin of 25.66%. During the same quarter last year, the firm earned $1.51 EPS. Sell-side analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were paid a $0.43 dividend. This is an increase from Bank OZK's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Monday, April 14th. Bank OZK's dividend payout ratio (DPR) is 28.20%.

Hedge Funds Weigh In On Bank OZK

Several large investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC raised its holdings in Bank OZK by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company's stock valued at $498,000 after acquiring an additional 193 shares during the period. Tidal Investments LLC grew its position in shares of Bank OZK by 1.0% in the fourth quarter. Tidal Investments LLC now owns 21,575 shares of the company's stock valued at $961,000 after purchasing an additional 205 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Bank OZK by 12.8% during the first quarter. National Bank of Canada FI now owns 1,960 shares of the company's stock worth $85,000 after purchasing an additional 223 shares during the period. Bank of Montreal Can lifted its holdings in Bank OZK by 0.5% during the 4th quarter. Bank of Montreal Can now owns 46,832 shares of the company's stock worth $2,085,000 after purchasing an additional 241 shares during the last quarter. Finally, Principal Securities Inc. lifted its holdings in Bank OZK by 12.7% during the 4th quarter. Principal Securities Inc. now owns 2,509 shares of the company's stock worth $112,000 after purchasing an additional 283 shares during the last quarter. 86.18% of the stock is owned by 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.