Bank OZK (NASDAQ:OZK) Receives $49.33 Consensus Target Price from Analysts

Shares of Bank OZK (NASDAQ:OZK) have been assigned a consensus recommendation of “Reduce” from the nine analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $49.33.

A number of research analysts recently commented on the company. Stephens raised their price target on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Raymond James downgraded Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Truist Financial lowered their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. Piper Sandler raised their price objective on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, UBS Group started coverage on Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 target price for the company.

Hedge Funds Weigh In On Bank OZK

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake in shares of Bank OZK by 291.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock valued at $95,848,000 after purchasing an additional 1,765,974 shares during the period. Wellington Management Group LLP lifted its stake in Bank OZK by 32.7% in the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock valued at $181,566,000 after buying an additional 1,041,198 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Bank OZK by 124.6% during the 3rd quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after buying an additional 942,309 shares in the last quarter. Millennium Management LLC grew its position in shares of Bank OZK by 196.4% during the 2nd quarter. Millennium Management LLC now owns 1,365,393 shares of the company’s stock worth $55,981,000 after buying an additional 904,782 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Bank OZK by 483.9% in the 2nd quarter. Victory Capital Management Inc. now owns 980,358 shares of the company’s stock valued at $40,195,000 after acquiring an additional 812,464 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Price Performance

NASDAQ:OZK opened at $44.57 on Monday. Bank OZK has a 1-year low of $37.43 and a 1-year high of $51.50. The stock has a market capitalization of $5.06 billion, a PE ratio of 7.33 and a beta of 1.18. The firm has a fifty day simple moving average of $46.56 and a 200 day simple moving average of $43.73. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, October 17th. The company reported $1.55 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 during the quarter, compared to the consensus estimate of $419.08 million. On average, research analysts expect that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.68%. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. 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.