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

Shares of Bank OZK (NASDAQ:OZK - Get Free Report) have earned a consensus recommendation of "Hold" from the eight brokerages that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $52.75.

Several equities analysts recently issued reports on OZK shares. Wells Fargo & Company raised their price target on Bank OZK from $40.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday. Keefe, Bruyette & Woods reduced their target price on Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Raymond James Financial upgraded Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 target price on the stock in a report on Tuesday. Morgan Stanley reduced their target price on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Finally, Stephens reduced their target price 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.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Wasatch Advisors LP boosted its stake in shares of Bank OZK by 19.3% during the 4th quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company's stock worth $316,281,000 after acquiring an additional 1,149,880 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Bank OZK by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,350,220 shares of the company's stock worth $189,017,000 after acquiring an additional 220,214 shares during the period. First Trust Advisors LP boosted its stake in shares of Bank OZK by 30.4% during the 4th quarter. First Trust Advisors LP now owns 2,945,480 shares of the company's stock worth $131,162,000 after acquiring an additional 686,775 shares during the period. AQR Capital Management LLC boosted its stake in shares of Bank OZK by 12.6% during the 4th quarter. AQR Capital Management LLC now owns 2,811,354 shares of the company's stock worth $125,190,000 after acquiring an additional 314,488 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Bank OZK by 10.5% during the 1st quarter. American Century Companies Inc. now owns 2,405,292 shares of the company's stock worth $104,510,000 after acquiring an additional 228,295 shares during the period. Institutional investors and hedge funds own 86.18% of the company's stock.

Bank OZK Price Performance

Bank OZK stock opened at $51.65 on Friday. The business's 50-day simple moving average is $46.28 and its 200 day simple moving average is $45.68. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 8.47 and a beta of 0.85. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.14.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. The business had revenue of $409.23 million for the quarter, compared to analysts' expectations 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 business earned $1.51 earnings per share. As a group, research analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Friday, July 11th will be given a dividend of $0.44 per share. This is a positive change from Bank OZK's previous quarterly dividend of $0.43. The ex-dividend date is Friday, July 11th. This represents a $1.76 annualized dividend and a dividend yield of 3.41%. Bank OZK's payout ratio is 28.20%.

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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