Analysts Set Bank OZK (NASDAQ:OZK) Price Target at $56.78

Bank OZK (NASDAQ:OZK) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $56.7778.

A number of equities research analysts recently commented on OZK shares. Piper Sandler set a $62.00 price target on shares of Bank OZK in a report on Thursday, January 22nd. Keefe, Bruyette & Woods lowered their price target on shares of Bank OZK from $53.00 to $50.00 and set a “market perform” rating on the stock in a research report on Monday, October 20th. Zacks Research raised shares of Bank OZK from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Finally, Citigroup reiterated a “sell” rating on shares of Bank OZK in a research report on Monday, January 5th.

Hedge Funds Weigh In On Bank OZK

Hedge funds have recently bought and sold shares of the company. Truist Financial Corp raised its stake in shares of Bank OZK by 7.1% during the second quarter. Truist Financial Corp now owns 16,494 shares of the company’s stock worth $776,000 after acquiring an additional 1,088 shares in the last quarter. Nomura Holdings Inc. grew its holdings in shares of Bank OZK by 160.6% during the 2nd quarter. Nomura Holdings Inc. now owns 107,000 shares of the company’s stock valued at $5,035,000 after purchasing an additional 65,946 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Bank OZK by 57.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 694,956 shares of the company’s stock worth $32,705,000 after purchasing an additional 253,001 shares during the period. Twin Lions Management LLC lifted its stake in Bank OZK by 23.1% in the second quarter. Twin Lions Management LLC now owns 340,330 shares of the company’s stock worth $16,016,000 after purchasing an additional 63,800 shares during the last quarter. Finally, Tectonic Advisors LLC purchased a new stake in Bank OZK during the third quarter valued at about $773,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Price Performance

Shares of NASDAQ:OZK opened at $47.25 on Tuesday. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.66. The stock’s 50 day moving average is $47.13 and its 200-day moving average is $48.58. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 7.66 and a beta of 0.90.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Tuesday, January 20th. The company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.03). Bank OZK had a net margin of 25.50% and a return on equity of 12.65%. The business had revenue of $436.29 million during the quarter, compared to the consensus estimate of $434.68 million. During the same period in the previous year, the business posted $1.56 EPS. Sell-side analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 13th were given a dividend of $0.46 per share. This is a boost from Bank OZK’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, January 13th. Bank OZK’s dividend payout ratio (DPR) is currently 29.82%.

About Bank OZK

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.