Stephens Increases Bank OZK (NASDAQ:OZK) Price Target to $57.00

Bank OZK (NASDAQ:OZK) had its price target boosted by Stephens from $53.00 to $57.00 in a research report report published on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

OZK has been the subject of a number of other reports. Piper Sandler boosted their price target on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Truist Financial cut their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Monday, October 21st. Wells Fargo & Company raised shares of Bank OZK from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $40.00 to $48.00 in a research note on Tuesday. Finally, UBS Group assumed coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $50.00.

Bank OZK Trading Down 0.2 %

NASDAQ:OZK opened at $50.87 on Tuesday. Bank OZK has a 52-week low of $37.43 and a 52-week high of $51.50. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $46.55 and a 200-day simple moving average of $44.43. The company has a market capitalization of $5.77 billion, a PE ratio of 8.29 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The business had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. During the same period in the prior year, the business earned $1.50 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts expect that Bank OZK will post 5.95 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.30%. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK’s payout ratio is presently 27.36%.

Hedge Funds Weigh In On Bank OZK

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