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

A number of equities research analysts have issued reports on the stock. Stephens assumed coverage on shares of Slack in a research report on Thursday, July 11th. They issued an “overweight” rating and a $43.00 price objective for the company. Zacks Investment Research cut shares of Ionis Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Friday, April 5th.

Several hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in shares of Bank Ozk by 11.0% during the 1st quarter. Principal Financial Group Inc. now owns 4,824,914 shares of the company’s stock valued at $139,830,000 after buying an additional 477,434 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Bank Ozk by 2.1% in the 1st quarter. Neuberger Berman Group LLC now owns 3,332,682 shares of the company’s stock worth $96,581,000 after purchasing an additional 69,335 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Bank Ozk by 49.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,833,994 shares of the company’s stock worth $64,699,000 after purchasing an additional 932,303 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Bank Ozk by 17.6% in the 1st quarter. Clearbridge Investments LLC now owns 1,667,435 shares of the company’s stock worth $48,322,000 after purchasing an additional 249,332 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Bank Ozk by 6.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,598,538 shares of the company’s stock worth $36,494,000 after purchasing an additional 94,728 shares in the last quarter. Institutional investors own 83.45% of the company’s stock.

Shares of NASDAQ:OZK traded up $0.71 during midday trading on Tuesday, hitting $29.30. 1,967,871 shares of the company’s stock were exchanged, compared to its average volume of 884,441. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average price is $29.68. The stock has a market cap of $3.78 billion, a P/E ratio of 9.04, a PEG ratio of 0.70 and a beta of 1.85. Bank Ozk has a 12 month low of $21.02 and a 12 month high of $42.74.

Bank Ozk (NASDAQ:OZK) last posted its earnings results on Thursday, July 18th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01). Bank Ozk had a return on equity of 10.88% and a net margin of 32.47%. The business had revenue of $251.14 million for the quarter, compared to the consensus estimate of $253.45 million. Analysts expect that Bank Ozk will post 3.46 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 12th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.28%. This is a boost from Bank Ozk’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, July 11th. Bank Ozk’s payout ratio is presently 29.63%.

Bank Ozk Company Profile

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.

Read More: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Bank Ozk (NASDAQ:OZK)

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