Bank OZK (NASDAQ:OZK) Stock Has Consensus Target Price of $55.33

Key Points

• Analyst consensus is “Hold” for Bank OZK, with two sell, five hold, and three buy ratings. The average 12-month price target is $55.33, compared with a recent share price of $50.51.
• Bank OZK reported quarterly EPS of $1.50, beating the $1.43 consensus estimate, though revenue of $391.48 million fell short of the $434.83 million forecast.
• The bank increased its quarterly dividend to $0.49 per share, representing a $1.96 annualized payout and a 3.9% yield; institutional investors own 86.18% of the company.

Shares of Bank OZK (NASDAQ:OZK - Get Free Report) have been given an average rating of "Hold" by the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $55.33.

Several brokerages have recently issued reports on OZK. Piper Sandler reaffirmed an "overweight" rating and issued a $61.00 price target on shares of Bank OZK in a research report on Wednesday, July 22nd. Morgan Stanley boosted their price objective on Bank OZK from $56.00 to $57.00 and gave the stock an "underweight" rating in a research report on Monday, September 28th. Weiss Ratings downgraded Bank OZK from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, October 2nd. Raymond James Financial initiated coverage on Bank OZK in a report on Tuesday, September 1st. They issued a "market perform" rating on the stock. Finally, Wall Street Zen raised Bank OZK from a "sell" rating to a "hold" rating in a report on Sunday, September 27th.

Institutional Investors Weigh In On Bank OZK

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new position in Bank OZK during the second quarter valued at about $4,293,000. Bank of America Corp DE raised its holdings in Bank OZK by 33.0% in the 1st quarter. Bank of America Corp DE now owns 774,253 shares of the company's stock valued at $35,530,000 after acquiring an additional 192,237 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Bank OZK in the 2nd quarter worth approximately $63,410,000. Public Employees Retirement System of Ohio bought a new stake in shares of Bank OZK in the 2nd quarter worth approximately $1,640,000. Finally, Fifth Third Bancorp lifted its position in shares of Bank OZK by 2,971.0% in the 1st quarter. Fifth Third Bancorp now owns 33,627 shares of the company's stock worth $1,543,000 after acquiring an additional 32,532 shares during the period. Institutional investors and hedge funds own 86.18% of the company's stock.

Bank OZK Stock Down 0.5%

OZK opened at $50.51 on Thursday. The firm has a market cap of $5.65 billion, a P/E ratio of 8.47 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 0.98. The business has a 50 day moving average price of $47.78 and a 200 day moving average price of $48.45. Bank OZK has a twelve month low of $42.37 and a twelve month high of $53.39.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.43 by $0.07. Bank OZK had a return on equity of 11.56% and a net margin of 24.70%. The company had revenue of $391.48 million for the quarter, compared to the consensus estimate of $434.83 million. During the same quarter last year, the company posted $1.59 earnings per share. Research analysts forecast that Bank OZK will post 5.88 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 13th were given a $0.49 dividend. This is a positive change from Bank OZK's previous quarterly dividend of $0.48. This represents a $1.96 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, October 13th. Bank OZK's dividend payout ratio (DPR) is currently 32.89%.

Bank OZK Company Profile

Bank OZK NASDAQ: OZK is a regional financial institution headquartered in Little Rock, Arkansas. The company provides banking services to individuals, businesses and institutions, including deposit accounts, commercial and consumer loans, mortgage lending, treasury management and online and mobile banking.

Bank OZK also operates specialized lending businesses, including its Real Estate Specialties Group, which provides financing for commercial real estate development and other complex real estate projects.

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