Bank OZK (NASDAQ:OZK) Receives $49.13 Consensus Target Price from Brokerages

Bank OZK (NASDAQ:OZK - Get Free Report) has earned an average recommendation of "Hold" from the nine analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $49.13.

Several equities research analysts recently commented on the company. Morgan Stanley dropped their price objective on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Stephens dropped their price objective 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. 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 research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods cut their price target on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd.

Bank OZK Stock Performance

Shares of Bank OZK stock traded up $1.05 during trading on Thursday, hitting $45.49. 577,450 shares of the company's stock traded hands, compared to its average volume of 1,336,434. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.64. The stock has a market capitalization of $5.16 billion, a P/E ratio of 7.41 and a beta of 0.85. The business has a 50-day simple moving average of $42.85 and a 200-day simple moving average of $45.86.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $409.23 million for the quarter, compared to analysts' expectations of $403.05 million. During the same period last year, the firm posted $1.51 earnings per share. As a group, analysts forecast 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 $0.43 dividend. The ex-dividend date was Monday, April 14th. This represents a $1.72 annualized dividend and a dividend yield of 3.78%. This is an increase from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio (DPR) is 28.20%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Kestra Investment Management LLC purchased a new position in Bank OZK during the fourth quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Bank OZK in the fourth quarter worth $27,000. CX Institutional purchased a new stake in shares of Bank OZK in the first quarter worth $30,000. Summit Securities Group LLC purchased a new stake in shares of Bank OZK in the first quarter worth $32,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Bank OZK by 176.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock worth $34,000 after purchasing an additional 486 shares in the last quarter. 86.18% of the stock is currently 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.