Analysts Set Bank OZK (NASDAQ:OZK) Target Price at $48.25

Shares of Bank OZK (NASDAQ:OZK) have been given a consensus recommendation of “Reduce” by the nine brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $48.50.

Several equities analysts recently commented on the stock. UBS Group started coverage on shares of Bank OZK in a report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target on the stock. Truist Financial reduced their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Stephens reissued an “equal weight” rating and issued a $53.00 price objective on shares of Bank OZK in a research note on Friday. Piper Sandler lifted their target price on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company increased their price target on Bank OZK from $35.00 to $40.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd.

Institutional Investors Weigh In On Bank OZK

A number of large investors have recently modified their holdings of the business. Assetmark Inc. raised its stake in Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after acquiring an additional 411 shares during the last quarter. American National Bank & Trust acquired a new position in shares of Bank OZK in the third quarter valued at about $44,000. Abich Financial Wealth Management LLC purchased a new position in shares of Bank OZK in the second quarter worth about $49,000. Capital Performance Advisors LLP acquired a new stake in shares of Bank OZK during the third quarter worth about $61,000. Finally, Venturi Wealth Management LLC boosted its position in Bank OZK by 424.8% in the third quarter. Venturi Wealth Management LLC now owns 1,590 shares of the company’s stock valued at $68,000 after buying an additional 1,287 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

Shares of NASDAQ OZK opened at $49.74 on Friday. The company has a market cap of $5.64 billion, a P/E ratio of 8.18 and a beta of 1.20. Bank OZK has a 52-week low of $37.43 and a 52-week high of $51.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s fifty day moving average is $46.42 and its two-hundred day moving average is $44.24.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.12. The business had revenue of $412.34 million during the quarter, compared to analysts’ expectations of $407.19 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 EPS. As a group, analysts anticipate that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Tuesday, January 14th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s payout ratio is 26.97%.

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.