Bank OZK (NASDAQ:OZK) Given Average Rating of “Hold” by Brokerages

Posted by MarketBeat News on Aug 1st, 2022

Bank OZK (NASDAQ:OZK – Get Rating) has earned an average rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $47.14.

A number of analysts have recently issued reports on OZK shares. Wells Fargo & Company downgraded Bank OZK from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $58.00 to $42.00 in a research report on Thursday, July 7th. Stephens boosted their target price on Bank OZK to $45.00 in a research report on Tuesday, July 26th. UBS Group dropped their target price on Bank OZK from $48.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday. Piper Sandler dropped their target price on Bank OZK to $54.00 in a research report on Friday, July 22nd. Finally, Citigroup decreased their price target on Bank OZK from $50.00 to $45.00 in a research note on Wednesday, April 27th.

Bank OZK Trading Up 1.4 %

Shares of OZK opened at $40.10 on Monday. The business has a 50-day moving average of $38.50 and a 200 day moving average of $41.91. Bank OZK has a fifty-two week low of $34.79 and a fifty-two week high of $51.39. The firm has a market cap of $5.03 billion, a P/E ratio of 9.35 and a beta of 1.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 0.98.

Bank OZK (NASDAQ:OZK – Get Rating) last posted its earnings results on Thursday, July 21st. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. Bank OZK had a return on equity of 12.42% and a net margin of 45.73%. During the same quarter last year, the firm posted $1.16 earnings per share. As a group, research analysts forecast that Bank OZK will post 4.28 EPS for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 22nd. Stockholders of record on Friday, July 15th were issued a $0.32 dividend. The ex-dividend date was Thursday, July 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.19%. Bank OZK’s dividend payout ratio (DPR) is currently 29.84%.

Institutional Trading of Bank OZK

A number of institutional investors have recently made changes to their positions in OZK. Lazard Asset Management LLC acquired a new position in shares of Bank OZK in the 1st quarter valued at about $25,000. Covestor Ltd acquired a new position in shares of Bank OZK in the 4th quarter valued at about $27,000. Venture Visionary Partners LLC acquired a new position in shares of Bank OZK in the 2nd quarter valued at about $32,000. Geneos Wealth Management Inc. lifted its holdings in shares of Bank OZK by 94.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 776 shares of the company’s stock valued at $33,000 after buying an additional 376 shares during the period. Finally, Quent Capital LLC lifted its holdings in shares of Bank OZK by 288.7% in the 1st quarter. Quent Capital LLC now owns 789 shares of the company’s stock valued at $34,000 after buying an additional 586 shares during the period. Institutional investors and hedge funds own 80.35% of the company’s stock.

About Bank OZK

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Bank OZK provides various retail and commercial banking services. It accepts various deposit products, including non-interest-bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. The company also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.