Brokerages Set Bank OZK (NASDAQ:OZK) PT at $52.75

Bank OZK (NASDAQ:OZK - Get Free Report) has received an average rating of "Hold" from the eight ratings firms that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $52.75.

Several equities analysts have recently issued reports on the stock. Raymond James Financial raised shares of Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price target for the company in a report on Tuesday. Stephens decreased their price target on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Wells Fargo & Company boosted their price target on shares of Bank OZK from $40.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday. Finally, Keefe, Bruyette & Woods decreased their price target 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.

Institutional Investors Weigh In On Bank OZK

Several institutional investors have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC lifted its position 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 in the last quarter. Tidal Investments LLC lifted its position in Bank OZK by 1.0% during the 4th quarter. Tidal Investments LLC now owns 21,575 shares of the company's stock worth $961,000 after buying an additional 205 shares in the last quarter. National Bank of Canada FI lifted its position in Bank OZK by 12.8% during the 1st quarter. National Bank of Canada FI now owns 1,960 shares of the company's stock worth $85,000 after buying an additional 223 shares in the last quarter. Bank of Montreal Can lifted its position 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 buying an additional 241 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in Bank OZK by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 29,600 shares of the company's stock worth $1,286,000 after buying an additional 300 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Bank OZK Price Performance

Shares of Bank OZK stock traded down $0.07 during midday trading on Friday, reaching $51.58. The company had a trading volume of 1,045,251 shares, compared to its average volume of 1,213,358. 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 $5.87 billion, a price-to-earnings ratio of 8.46 and a beta of 0.85. The stock has a fifty day simple moving average of $46.43 and a 200 day simple moving average of $45.73. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.64.

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

Bank OZK Increases Dividend

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

About Bank OZK

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.