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

Key Points

• Bank OZK has received a consensus rating of "Hold" from eight research firms, with an average 1-year price target of $54.25, as five analysts recommend holding and three recommend buying the stock.
• The company recently reported an EPS of $1.58 for the latest quarter, surpassing analysts' expectations, while also announcing a dividend increase to $0.44 per share, with a yield of 3.4%.
• Institutional investors hold 86.18% of Bank OZK's stock, with notable changes in holdings from major institutions like Norges Bank, which purchased a stake valued at approximately $68.96 million.

Bank OZK (NASDAQ:OZK - Get Free Report) has received a consensus rating of "Hold" from the eight research firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $54.25.

A number of analysts have issued reports on the company. Stephens raised Bank OZK from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $58.00 to $65.00 in a research note on Wednesday, August 20th. Wells Fargo & Company lifted their price objective on Bank OZK from $48.00 to $49.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Finally, Raymond James Financial raised Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price objective on the stock in a research note on Tuesday, July 8th.

Hedge Funds Weigh In On Bank OZK

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Bank OZK during the 2nd quarter valued at about $68,960,000. Mackenzie Financial Corp grew its position in Bank OZK by 767.1% in the second quarter. Mackenzie Financial Corp now owns 566,662 shares of the company's stock valued at $26,667,000 after acquiring an additional 501,308 shares in the last quarter. Nuveen LLC acquired a new stake in Bank OZK in the first quarter valued at approximately $14,197,000. Senvest Management LLC grew its position in Bank OZK by 24.4% in the second quarter. Senvest Management LLC now owns 1,581,582 shares of the company's stock valued at $74,429,000 after acquiring an additional 310,707 shares in the last quarter. Finally, Earnest Partners LLC acquired a new stake in Bank OZK in the first quarter valued at approximately $12,696,000. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Trading Down 0.1%

Bank OZK stock opened at $51.59 on Wednesday. The stock has a market cap of $5.87 billion, a PE ratio of 8.38 and a beta of 0.92. The stock has a 50-day moving average price of $51.06 and a 200 day moving average price of $46.84. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.66. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.07. The firm had revenue of $428.04 million during the quarter, compared to analysts' expectations of $423.41 million. Bank OZK had a return on equity of 13.24% and a net margin of 25.83%.During the same quarter last year, the business posted $1.52 EPS. Equities research analysts predict that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 11th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.76 annualized dividend and a dividend yield of 3.4%. This is an increase from Bank OZK's previous quarterly dividend of $0.43. Bank OZK's dividend payout ratio is presently 28.57%.

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.

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