Brokerages Set Bank OZK (NASDAQ:OZK) PT at $46.57

Shares of Bank OZK (NASDAQ:OZKGet Free Report) have been assigned a consensus recommendation of “Reduce” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $46.00.

Several research firms have recently commented on OZK. Morgan Stanley reissued an “equal weight” rating and issued a $48.00 target price on shares of Bank OZK in a research note on Monday, April 22nd. Wells Fargo & Company decreased their price objective on Bank OZK from $39.00 to $35.00 and set an “underweight” rating for the company in a research note on Thursday, June 6th. Stephens reiterated an “equal weight” rating and set a $50.00 target price on shares of Bank OZK in a report on Thursday, May 30th. Keefe, Bruyette & Woods lifted their target price on Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a report on Monday, April 22nd. Finally, StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, May 30th.

Check Out Our Latest Stock Report on Bank OZK

Institutional Investors Weigh In On Bank OZK

A number of large investors have recently added to or reduced their stakes in OZK. Jump Financial LLC acquired a new stake in shares of Bank OZK during the 3rd quarter worth about $306,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Bank OZK in the third quarter valued at approximately $677,000. Blueshift Asset Management LLC acquired a new stake in Bank OZK during the 3rd quarter worth approximately $287,000. Charles Schwab Investment Management Inc. boosted its position in shares of Bank OZK by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,994,821 shares of the company’s stock valued at $111,018,000 after acquiring an additional 35,215 shares during the period. Finally, Shell Asset Management Co. increased its position in Bank OZK by 61.2% during the third quarter. Shell Asset Management Co. now owns 14,549 shares of the company’s stock worth $539,000 after acquiring an additional 5,521 shares during the period. Institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Down 0.0 %

OZK stock opened at $38.30 on Thursday. The business has a fifty day moving average price of $44.72 and a 200 day moving average price of $45.17. Bank OZK has a fifty-two week low of $34.76 and a fifty-two week high of $52.36. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 6.42 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 1.01.

Bank OZK (NASDAQ:OZKGet Free Report) last released its quarterly earnings results on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.07. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. The firm had revenue of $406.02 million during the quarter, compared to analysts’ expectations of $396.81 million. During the same period last year, the firm posted $1.41 EPS. Analysts expect that Bank OZK will post 6.1 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 12th were paid a dividend of $0.39 per share. This is an increase from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Thursday, April 11th. Bank OZK’s payout ratio is currently 26.13%.

Bank OZK Company Profile

(Get Free Report

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.

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Analyst Recommendations for Bank OZK (NASDAQ:OZK)

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