Stephens set a $34.00 price target on Bank Ozk (NASDAQ:OZK) in a research note released on Thursday, Stock Target Advisor reports. The firm currently has a hold rating on the stock.
A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Ionis Pharmaceuticals from a buy rating to a hold rating in a research report on Friday, April 5th. Brean Capital reiterated a buy rating on shares of Community Bankers Trust in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $32.55.
OZK stock opened at $29.83 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.96. Bank Ozk has a twelve month low of $21.02 and a twelve month high of $43.28. The company has a market capitalization of $3.85 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 0.72 and a beta of 1.85. The company’s fifty day moving average price is $29.95.
Bank Ozk (NASDAQ:OZK) last posted its quarterly earnings data on Wednesday, April 17th. The company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.01. Bank Ozk had a net margin of 33.40% and a return on equity of 11.11%. The business had revenue of $249.96 million for the quarter, compared to analysts’ expectations of $251.88 million. During the same quarter in the previous year, the business posted $0.88 earnings per share. Equities research analysts forecast that Bank Ozk will post 3.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 12th will be paid a dividend of $0.24 per share. This is a positive change from Bank Ozk’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, July 11th. Bank Ozk’s payout ratio is currently 29.63%.
Several institutional investors and hedge funds have recently modified their holdings of the company. American International Group Inc. boosted its stake in shares of Bank Ozk by 0.3% during the fourth quarter. American International Group Inc. now owns 246,406 shares of the company’s stock valued at $5,625,000 after purchasing an additional 665 shares during the period. Delta Investment Management LLC boosted its stake in shares of Bank Ozk by 2.8% during the first quarter. Delta Investment Management LLC now owns 26,524 shares of the company’s stock valued at $768,000 after purchasing an additional 734 shares during the period. Mason Street Advisors LLC boosted its stake in shares of Bank Ozk by 1.5% during the first quarter. Mason Street Advisors LLC now owns 64,283 shares of the company’s stock valued at $1,863,000 after purchasing an additional 963 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Bank Ozk by 57.0% during the first quarter. Quadrant Capital Group LLC now owns 2,819 shares of the company’s stock valued at $76,000 after purchasing an additional 1,024 shares during the period. Finally, Alps Advisors Inc. boosted its stake in shares of Bank Ozk by 9.8% during the first quarter. Alps Advisors Inc. now owns 13,142 shares of the company’s stock valued at $381,000 after purchasing an additional 1,176 shares during the period. 83.45% of the stock is owned by hedge funds and other institutional investors.
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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