Brokerages Set Bank OZK (NASDAQ:OZK) Price Target at $56.89

Bank OZK (NASDAQ:OZK) has earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $56.8889.

Several research analysts have weighed in on OZK shares. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings lowered Bank OZK from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. UBS Group started coverage on Bank OZK in a research report on Tuesday, April 7th. They issued a “neutral” rating and a $48.00 target price on the stock. Wells Fargo & Company upped their target price on Bank OZK from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, March 30th. Finally, Morgan Stanley upped their target price on Bank OZK from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd.

Bank OZK Stock Performance

Shares of OZK stock opened at $49.60 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.00 and a quick ratio of 1.00. Bank OZK has a fifty-two week low of $42.37 and a fifty-two week high of $53.66. The stock’s 50-day moving average is $47.67 and its two-hundred day moving average is $47.24. The firm has a market cap of $5.55 billion, a P/E ratio of 8.08 and a beta of 0.90.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Tuesday, April 21st. The company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.02). Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.The firm had revenue of $424.32 million during the quarter, compared to analyst estimates of $422.62 million. During the same period in the previous year, the company earned $1.47 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts predict that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 13th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, April 13th. Bank OZK’s dividend payout ratio is 30.62%.

Institutional Trading of Bank OZK

Several large investors have recently made changes to their positions in the stock. Wasatch Advisors LP boosted its stake in shares of Bank OZK by 34.9% during the 3rd quarter. Wasatch Advisors LP now owns 7,437,646 shares of the company’s stock worth $379,171,000 after acquiring an additional 1,924,387 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Bank OZK by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,625,660 shares of the company’s stock worth $304,045,000 after acquiring an additional 38,592 shares in the last quarter. State Street Corp boosted its stake in shares of Bank OZK by 9.1% during the 4th quarter. State Street Corp now owns 6,556,105 shares of the company’s stock worth $301,712,000 after acquiring an additional 546,785 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Bank OZK by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,554,014 shares of the company’s stock worth $209,576,000 after acquiring an additional 73,920 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Bank OZK by 4.6% during the 1st quarter. First Trust Advisors LP now owns 3,036,101 shares of the company’s stock worth $139,327,000 after acquiring an additional 134,490 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Company Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.