Bank Ozk (NASDAQ:OZK) has been given an average rating of “Hold” by the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $31.67.

Separately, Stephens set a $34.00 price objective on Bank Ozk and gave the company a “hold” rating in a research note on Thursday, July 11th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Maverick Capital Ltd. acquired a new stake in Bank Ozk during the 2nd quarter valued at approximately $7,934,000. Royal Bank of Canada grew its stake in Bank Ozk by 140.8% during the 2nd quarter. Royal Bank of Canada now owns 37,099 shares of the company’s stock valued at $1,118,000 after purchasing an additional 21,690 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in Bank Ozk by 58.8% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 16,994 shares of the company’s stock valued at $511,000 after purchasing an additional 6,294 shares in the last quarter. United Services Automobile Association grew its stake in Bank Ozk by 27.3% during the 2nd quarter. United Services Automobile Association now owns 157,490 shares of the company’s stock valued at $4,739,000 after purchasing an additional 33,800 shares in the last quarter. Finally, Prestige Wealth Management Group LLC acquired a new stake in Bank Ozk during the 2nd quarter valued at approximately $211,000. Hedge funds and other institutional investors own 83.32% of the company’s stock.

Shares of OZK traded up $0.72 during trading hours on Friday, reaching $25.74. 835,700 shares of the company traded hands, compared to its average volume of 955,032. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $3.31 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 0.63 and a beta of 1.84. Bank Ozk has a fifty-two week low of $21.02 and a fifty-two week high of $41.73. The stock has a fifty day simple moving average of $28.93 and a 200 day simple moving average of $30.58.

Bank Ozk (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, July 18th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The company had revenue of $251.14 million for the quarter, compared to analyst estimates of $253.45 million. Bank Ozk had a net margin of 32.47% and a return on equity of 10.72%. Research analysts predict that Bank Ozk will post 3.36 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 12th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, July 11th. This is an increase from Bank Ozk’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 3.73%. Bank Ozk’s dividend payout ratio is 29.63%.

About Bank Ozk

Bank OZK provides retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.

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Analyst Recommendations for Bank Ozk (NASDAQ:OZK)

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