Bank OZK (NASDAQ:OZK) Receives Equal Weight Rating from Morgan Stanley

Morgan Stanley reaffirmed their equal weight rating on shares of Bank OZK (NASDAQ:OZK) in a research note issued to investors on Monday, Benzinga reports. Morgan Stanley currently has a $48.00 price objective on the stock.

Several other research firms also recently commented on OZK. Wells Fargo & Company decreased their price target on shares of Bank OZK from $41.00 to $39.00 and set an underweight rating on the stock in a research note on Thursday, February 1st. Citigroup cut their price target on Bank OZK from $62.00 to $57.00 and set a buy rating for the company in a research note on Wednesday, March 13th. Keefe, Bruyette & Woods boosted their price target on shares of Bank OZK from $45.00 to $47.00 and gave the stock a market perform rating in a report on Monday. UBS Group downgraded shares of Bank OZK from a buy rating to a neutral rating in a report on Monday, January 8th. Finally, Truist Financial cut their price target on shares of Bank OZK from $48.00 to $47.00 and set a hold rating on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $49.14.

Bank OZK Stock Performance

OZK stock opened at $46.37 on Monday. The firm has a market cap of $5.25 billion, a PE ratio of 7.77 and a beta of 1.27. Bank OZK has a 1-year low of $30.72 and a 1-year high of $52.36. The business’s 50-day moving average price is $43.63 and its two-hundred day moving average price is $43.47. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, April 18th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.07. The business had revenue of $406.02 million during the quarter, compared to the consensus estimate of $396.81 million. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. During the same period last year, the company earned $1.41 earnings per share. As a group, research analysts forecast that Bank OZK will post 5.91 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.36%. This is an increase from Bank OZK’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, April 11th. Bank OZK’s dividend payout ratio (DPR) is presently 26.13%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OZK. Qube Research & Technologies Ltd bought a new stake in Bank OZK in the 3rd quarter worth approximately $10,788,000. Comerica Bank purchased a new stake in shares of Bank OZK in the 3rd quarter worth $4,252,000. Pathstone Family Office LLC purchased a new stake in shares of Bank OZK in the 3rd quarter worth $667,000. Redmont Wealth Advisors LLC lifted its holdings in shares of Bank OZK by 36.9% in the 4th quarter. Redmont Wealth Advisors LLC now owns 16,542 shares of the company’s stock worth $824,000 after buying an additional 4,462 shares during the period. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Bank OZK by 58.1% in the 3rd quarter. Treasurer of the State of North Carolina now owns 78,595 shares of the company’s stock worth $2,914,000 after buying an additional 28,893 shares during the period. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Company Profile

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.