Bank OZK (NASDAQ:OZK) PT Raised to $47.00

Bank OZK (NASDAQ:OZK) had its target price upped by Keefe, Bruyette & Woods from $45.00 to $47.00 in a research note published on Monday morning, Benzinga reports. The brokerage currently has a market perform rating on the stock.

Other research analysts also recently issued research reports about the stock. Raymond James raised shares of Bank OZK from a market perform rating to an outperform rating and set a $58.00 price objective for the company in a report on Friday, January 5th. UBS Group cut Bank OZK from a buy rating to a neutral rating in a report on Monday, January 8th. StockNews.com cut Bank OZK from a hold rating to a sell rating in a report on Friday, March 22nd. Wells Fargo & Company cut their target price on shares of Bank OZK from $41.00 to $39.00 and set an underweight rating for the company in a report on Thursday, February 1st. Finally, Citigroup decreased their price target on shares of Bank OZK from $62.00 to $57.00 and set a buy rating on the stock in a research note on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $49.14.

Bank OZK Stock Down 0.8 %

NASDAQ OZK opened at $46.00 on Monday. Bank OZK has a 12 month low of $30.72 and a 12 month high of $52.36. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The stock has a market cap of $5.20 billion, a PE ratio of 7.71 and a beta of 1.27. The stock’s 50 day moving average is $43.68 and its 200 day moving average is $43.49.

Bank OZK (NASDAQ:OZK) last released its earnings results on Thursday, April 18th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.44 by $0.07. The firm had revenue of $406.02 million for the quarter, compared to the consensus estimate of $396.81 million. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. During the same quarter in the previous year, the firm earned $1.41 earnings per share. Research analysts predict that Bank OZK will post 6.04 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 12th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.56 annualized dividend and a dividend yield of 3.39%. This is an increase from Bank OZK’s previous quarterly dividend of $0.38. Bank OZK’s payout ratio is currently 26.13%.

Institutional Trading of Bank OZK

A number of institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Bank OZK in the fourth quarter valued at $56,293,000. Jupiter Asset Management Ltd. grew its holdings in Bank OZK by 423.9% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,085,368 shares of the company’s stock valued at $40,235,000 after purchasing an additional 878,212 shares during the last quarter. Vanguard Group Inc. grew its holdings in Bank OZK by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company’s stock valued at $599,394,000 after purchasing an additional 502,005 shares during the last quarter. Van Berkom & Associates Inc. raised its position in Bank OZK by 18.1% in the 3rd quarter. Van Berkom & Associates Inc. now owns 2,031,518 shares of the company’s stock worth $75,308,000 after purchasing an additional 311,293 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Bank OZK by 18.8% in the fourth quarter. Wellington Management Group LLP now owns 1,897,696 shares of the company’s stock worth $94,562,000 after purchasing an additional 300,025 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors.

About Bank OZK

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.