Analysts Set Bank OZK (NASDAQ:OZK) PT at $56.78

Bank OZK (NASDAQ:OZK) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $56.7778.

Several equities research analysts have issued reports on the company. UBS Group restated a “neutral” rating and set a $51.00 price objective on shares of Bank OZK in a report on Tuesday, January 6th. Piper Sandler set a $62.00 price target on shares of Bank OZK in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Stephens cut their price target on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Bank OZK from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP boosted its holdings in shares of Bank OZK by 34.9% during the third quarter. Wasatch Advisors LP now owns 7,437,646 shares of the company’s stock valued at $379,171,000 after acquiring an additional 1,924,387 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Bank OZK by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,587,068 shares of the company’s stock worth $303,141,000 after acquiring an additional 124,691 shares during the period. State Street Corp lifted its position in Bank OZK by 9.1% in the 4th quarter. State Street Corp now owns 6,556,105 shares of the company’s stock valued at $301,712,000 after purchasing an additional 546,785 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Bank OZK by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,554,014 shares of the company’s stock valued at $209,576,000 after purchasing an additional 73,920 shares during the period. Finally, First Trust Advisors LP boosted its stake in Bank OZK by 3.3% during the 4th quarter. First Trust Advisors LP now owns 2,901,611 shares of the company’s stock valued at $133,532,000 after purchasing an additional 93,445 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Trading Down 3.1%

NASDAQ OZK opened at $48.28 on Friday. The stock has a market cap of $5.40 billion, a P/E ratio of 7.82 and a beta of 0.94. The company’s fifty day simple moving average is $48.08 and its 200-day simple moving average is $48.43. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 0.08. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.66.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Tuesday, January 20th. The company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). The firm had revenue of $436.29 million during the quarter, compared to analyst estimates of $434.68 million. Bank OZK had a return on equity of 12.65% and a net margin of 25.50%.During the same quarter in the prior year, the firm earned $1.56 EPS. Equities research analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 13th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.8%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, January 13th. Bank OZK’s payout ratio is 29.82%.

Bank OZK Company Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.