Bank OZK - OZK Stock Forecast, Price & News

Bank OZK provides various retail and commercial banking services. It accepts various deposit products, including non-interest-bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. The company also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products. In addition, it provides trust and wealth services, such as personal, custodial, investment management, and retirement accounts, as well as corporate trust services comprising trustee, paying and registered transfer agent, and other incidental services. Further, the company offers treasury management services comprising automated clearing house, wire transfer, transaction reporting, wholesale lockbox, remote deposit capture, automated credit line transfer, reconciliation, positive pay, and merchant and commercial card services, as well as zero balance and investment sweep accounts. Additionally, it provides ATMs; telephone, online, and mobile banking services; debit and credit cards; safe deposit boxes; and other products and services, as well as processes merchant debit and credit card transactions. As of December 31, 2021, it operated approximately 240 offices in Arkansas, Georgia, Florida, North Carolina, Texas, Carolina, California, New York, and Mississippi. The company was formerly known as Bank of the Ozarks and changed its name to Bank OZK in July 2018. Bank OZK was founded in 1903 and is headquartered in Little Rock, Arkansas.

Analyst Upgrades and Downgrades

OZK has been the subject of several recent analyst reports. UBS Group dropped their target price on shares of Bank OZK from $48.00 to $44.00 and set a "neutral" rating for the company in a report on Friday, July 29th. Stephens upped their target price on shares of Bank OZK to $45.00 in a report on Tuesday, July 26th. Truist Financial dropped their target price on shares of Bank OZK from $44.00 to $42.00 in a report on Wednesday, June 15th. Wells Fargo & Company cut shares of Bank OZK from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $58.00 to $42.00 in a research note on Thursday, July 7th. Finally, Citigroup decreased their price target on shares of Bank OZK from $50.00 to $45.00 in a research note on Wednesday, April 27th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $47.50.

Bank OZK Price Performance

Shares of NASDAQ:OZK traded up $0.71 during mid-day trading on Wednesday, hitting $41.53. 492,155 shares of the company's stock traded hands, compared to its average volume of 786,998. The company's 50-day moving average is $38.50 and its two-hundred day moving average is $41.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.99. The company has a market capitalization of $5.21 billion, a P/E ratio of 9.52 and a beta of 1.47. Bank OZK has a 1 year low of $34.79 and a 1 year high of $51.39.

Bank OZK (NASDAQ:OZK - Get Rating) last announced its earnings results on Thursday, July 21st. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.07. Bank OZK had a net margin of 45.73% and a return on equity of 12.42%. During the same quarter in the previous year, the business posted $1.16 EPS. On average, equities analysts anticipate that Bank OZK will post 4.45 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 22nd. Stockholders of record on Friday, July 15th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.08%. This is a boost from Bank OZK's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, July 14th. Bank OZK's dividend payout ratio is currently 29.84%.