Shares of Bank OZK (NASDAQ:OZK – Get Free Report) have received a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $55.14.
A number of brokerages have commented on OZK. Wall Street Zen raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. Zacks Research upgraded shares of Bank OZK from a “strong sell” rating to a “hold” rating in a research report on Friday, September 25th. Raymond James Financial began coverage on shares of Bank OZK in a report on Tuesday, September 1st. They issued a “market perform” rating for the company. Weiss Ratings upgraded Bank OZK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Finally, TD Cowen reduced their price objective on Bank OZK from $52.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, October 5th.
Check Out Our Latest Report on OZK
Institutional Trading of Bank OZK
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC purchased a new stake in shares of Bank OZK in the third quarter valued at approximately $66,000. Covestor Ltd grew its stake in Bank OZK by 21.7% in the third quarter. Covestor Ltd now owns 3,785 shares of the company’s stock worth $175,000 after purchasing an additional 676 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Bank OZK during the 3rd quarter valued at $4,442,000. Aviance Capital Partners LLC lifted its holdings in shares of Bank OZK by 3.2% in the 3rd quarter. Aviance Capital Partners LLC now owns 26,697 shares of the company’s stock worth $1,227,000 after buying an additional 817 shares during the period. Finally, MGO One Seven LLC raised its holdings in shares of Bank OZK by 11.3% in the 3rd quarter. MGO One Seven LLC now owns 5,993 shares of the company’s stock valued at $275,000 after purchasing an additional 608 shares in the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.
Bank OZK Stock Performance
Shares of OZK stock opened at $50.65 on Thursday. The firm has a market capitalization of $5.67 billion, a PE ratio of 8.50 and a beta of 0.92. The company has a 50 day moving average price of $47.84 and a 200-day moving average price of $48.47. Bank OZK has a 52 week low of $42.37 and a 52 week high of $53.39. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.21.
Bank OZK (NASDAQ:OZK – Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.07. The firm had revenue of $391.48 million during the quarter, compared to the consensus estimate of $434.83 million. Bank OZK had a net margin of 24.70% and a return on equity of 11.56%. During the same quarter in the previous year, the firm posted $1.59 EPS. As a group, equities research analysts expect that Bank OZK will post 5.91 earnings per share for the current year.
Bank OZK Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Tuesday, October 13th were given a $0.49 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.48. This represents a $1.96 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Tuesday, October 13th. Bank OZK’s dividend payout ratio is 32.89%.
Bank OZK Company Profile
Bank OZK (NASDAQ:OZK) is a regional financial institution headquartered in Little Rock, Arkansas. The company provides banking services to individuals, businesses and institutions, including deposit accounts, commercial and consumer loans, mortgage lending, treasury management and online and mobile banking.
Bank OZK also operates specialized lending businesses, including its Real Estate Specialties Group, which provides financing for commercial real estate development and other complex real estate projects.
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