Wall Street Zen upgraded shares of Bank OZK (NASDAQ:OZK – Free Report) from a sell rating to a hold rating in a research report sent to investors on Sunday morning.
Several other equities research analysts also recently commented on the company. TD Cowen dropped their target price on Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. Morgan Stanley raised their target price on Bank OZK from $57.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Wells Fargo & Company raised their target price on Bank OZK from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, March 30th. Stephens dropped their price objective on Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Finally, Weiss Ratings upgraded Bank OZK from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.89.
View Our Latest Research Report on Bank OZK
Bank OZK Stock Performance
Bank OZK (NASDAQ:OZK – Get Free Report) last announced its earnings results on Tuesday, April 21st. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). The company had revenue of $424.32 million for the quarter, compared to analysts’ expectations of $422.62 million. Bank OZK had a net margin of 25.27% and a return on equity of 12.32%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 earnings per share. On average, sell-side analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.
Bank OZK Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 13th were issued a dividend of $0.47 per share. The ex-dividend date was Monday, April 13th. This represents a $1.88 annualized dividend and a yield of 4.0%. Bank OZK’s payout ratio is currently 30.62%.
Institutional Investors Weigh In On Bank OZK
Hedge funds and other institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new stake in Bank OZK during the 3rd quarter worth approximately $27,000. BOKF NA purchased a new stake in Bank OZK during the 3rd quarter worth approximately $27,000. V Square Quantitative Management LLC purchased a new stake in Bank OZK during the 4th quarter worth approximately $25,000. Quent Capital LLC bought a new stake in shares of Bank OZK in the 3rd quarter valued at approximately $35,000. Finally, Bayforest Capital Ltd increased its holdings in shares of Bank OZK by 100.5% in the 4th quarter. Bayforest Capital Ltd now owns 766 shares of the company’s stock valued at $35,000 after acquiring an additional 384 shares during the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.
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.
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