Bank OZK (NASDAQ:OZK) Given Average Rating of "Hold" by Brokerages

Shares of Bank OZK (NASDAQ:OZK - Get Free Report) have been assigned an average rating of "Hold" from the eight analysts that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $52.75.

Several brokerages have issued reports on OZK. Wells Fargo & Company upped their target price on Bank OZK from $40.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Thursday. Raymond James Financial upgraded Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price objective for the company in a report on Tuesday, July 8th. Stephens decreased their price objective on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods lowered their price target on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd.

Bank OZK Stock Up 1.9%

NASDAQ OZK traded up $0.97 during mid-day trading on Friday, hitting $52.55. The company's stock had a trading volume of 1,129,735 shares, compared to its average volume of 1,211,544. 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 firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 8.61 and a beta of 0.85. The company's 50 day simple moving average is $46.43 and its 200 day simple moving average is $45.74. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share 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 company had revenue of $409.23 million for the quarter, compared to the consensus estimate of $403.05 million. During the same period in the previous year, the firm earned $1.51 EPS. Analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Friday, July 11th will be given a $0.44 dividend. 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 dividend on an annualized basis and a yield of 3.35%. Bank OZK's payout ratio is 28.85%.

Hedge Funds Weigh In On Bank OZK

Hedge funds have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC lifted 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 worth $498,000 after purchasing an additional 193 shares in the last quarter. Tidal Investments LLC lifted its holdings in Bank OZK by 1.0% in the 4th quarter. Tidal Investments LLC now owns 21,575 shares of the company's stock worth $961,000 after purchasing an additional 205 shares in the last quarter. National Bank of Canada FI lifted its holdings in Bank OZK by 12.8% in the 1st 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 in the last quarter. Bank of Montreal Can lifted its holdings in Bank OZK by 0.5% in 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 in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in Bank OZK by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 29,600 shares of the company's stock worth $1,286,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company's stock.

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.