Barclays upgraded shares of Bank Ozk (NASDAQ:OZK) from an underweight rating to an equal weight rating in a report published on Thursday morning, MarketBeat reports. They currently have $28.00 price objective on the stock, up from their prior price objective of $27.00.
Several other brokerages also recently weighed in on OZK. ValuEngine downgraded shares of Bank Ozk from a sell rating to a strong sell rating in a research note on Thursday, September 13th. Zacks Investment Research raised shares of Bank Ozk from a sell rating to a hold rating in a research note on Monday, September 24th. Morgan Stanley cut their target price on shares of Bank Ozk from $56.00 to $52.00 and set an overweight rating on the stock in a research note on Tuesday, September 18th. Brean Capital set a $54.00 target price on shares of Bank Ozk and gave the stock a buy rating in a research note on Friday, September 28th. Finally, Wells Fargo & Co set a $40.00 target price on shares of Bank Ozk and gave the stock a hold rating in a research note on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Bank Ozk has a consensus rating of Hold and a consensus target price of $32.22.
Bank Ozk stock opened at $26.37 on Thursday. The company has a market capitalization of $3.32 billion, a PE ratio of 8.91, a P/E/G ratio of 0.64 and a beta of 1.49. Bank Ozk has a 1 year low of $21.02 and a 1 year high of $53.70. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.09.
Bank Ozk (NASDAQ:OZK) last released its quarterly earnings results on Thursday, October 18th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.32). The company had revenue of $244.74 million during the quarter, compared to analysts’ expectations of $258.05 million. Bank Ozk had a net margin of 38.37% and a return on equity of 11.17%. During the same period last year, the firm posted $0.75 earnings per share. On average, research analysts forecast that Bank Ozk will post 3.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 15th will be given a $0.22 dividend. The ex-dividend date is Monday, January 14th. This is an increase from Bank Ozk’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.34%. Bank Ozk’s dividend payout ratio is currently 28.38%.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. acquired a new stake in Bank Ozk during the 3rd quarter worth $445,842,000. Vanguard Group Inc acquired a new stake in Bank Ozk during the 3rd quarter worth $445,842,000. BlackRock Inc. acquired a new stake in Bank Ozk during the 3rd quarter worth $411,309,000. FMR LLC acquired a new stake in Bank Ozk during the 3rd quarter worth $227,092,000. Finally, Epoch Investment Partners Inc. acquired a new stake in Bank Ozk during the 3rd quarter worth $168,824,000. Institutional investors and hedge funds own 86.29% of the company’s stock.
About Bank Ozk
Bank OZK provides a range of 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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