Bank OZK (NASDAQ:OZK) Given Consensus Rating of “Reduce” by Brokerages

Shares of Bank OZK (NASDAQ:OZK) have received a consensus rating of “Reduce” from the nine analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $48.50.

Several research analysts have weighed in on the stock. Stephens upped their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Morgan Stanley upped their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Truist Financial lowered their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a report on Monday, October 21st. StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Finally, Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th.

Bank OZK Stock Down 2.0 %

Shares of NASDAQ OZK opened at $46.46 on Friday. The firm has a market cap of $5.27 billion, a PE ratio of 7.64 and a beta of 1.16. Bank OZK has a 12-month low of $36.76 and a 12-month high of $52.36. The company’s fifty day simple moving average is $43.00 and its 200 day simple moving average is $43.10. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Thursday, October 17th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.02. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. The business had revenue of $423.00 million for the quarter, compared to analyst estimates of $419.08 million. As a group, sell-side analysts forecast that Bank OZK will post 6.01 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Friday, October 11th. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s dividend payout ratio (DPR) is 26.97%.

Institutional Trading of Bank OZK

A number of large investors have recently added to or reduced their stakes in the stock. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Bank OZK during the third quarter worth about $3,691,000. Caprock Group LLC boosted its position in Bank OZK by 10.5% during the third quarter. Caprock Group LLC now owns 6,805 shares of the company’s stock worth $293,000 after purchasing an additional 645 shares during the period. Quest Partners LLC boosted its position in Bank OZK by 4,174.3% during the third quarter. Quest Partners LLC now owns 58,815 shares of the company’s stock worth $2,528,000 after purchasing an additional 57,439 shares during the period. Natixis Advisors LLC boosted its position in Bank OZK by 20.7% during the third quarter. Natixis Advisors LLC now owns 19,228 shares of the company’s stock worth $827,000 after purchasing an additional 3,303 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Bank OZK by 34.8% during the third quarter. Victory Capital Management Inc. now owns 1,321,436 shares of the company’s stock worth $56,809,000 after purchasing an additional 341,078 shares during the period. 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.