Bank OZK (NASDAQ:OZK) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Bank OZK (NASDAQ:OZKFree Report) from a sell rating to a hold rating in a research report report published on Thursday.

OZK has been the subject of several other research reports. 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 research note on Monday, April 22nd. Stephens reaffirmed an equal weight rating and set a $50.00 price objective on shares of Bank OZK in a research report on Thursday. Wells Fargo & Company decreased their price objective on shares of Bank OZK from $41.00 to $39.00 and set an underweight rating for the company in a research report on Thursday, February 1st. Citigroup cut shares of Bank OZK from a buy rating to a sell rating and decreased their price objective for the stock from $57.00 to $37.00 in a research report on Wednesday. Finally, Truist Financial decreased their price objective on shares of Bank OZK from $48.00 to $47.00 and set a hold rating for the company in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $46.57.

Get Our Latest Stock Report on Bank OZK

Bank OZK Stock Up 4.3 %

Bank OZK stock opened at $41.29 on Thursday. Bank OZK has a fifty-two week low of $34.24 and a fifty-two week high of $52.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.01. The firm has a 50 day moving average price of $45.46 and a 200 day moving average price of $45.18. The company has a market capitalization of $4.67 billion, a PE ratio of 6.92 and a beta of 1.24.

Bank OZK (NASDAQ:OZKGet Free Report) last posted its earnings results on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.07. The firm had revenue of $406.02 million during 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 last year, the firm earned $1.41 EPS. Research analysts expect that Bank OZK will post 6.09 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. Shareholders of record on Friday, April 12th were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 3.78%. Bank OZK’s payout ratio is currently 26.13%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC grew its position in Bank OZK by 4.0% during the first quarter. Tidal Investments LLC now owns 5,491 shares of the company’s stock worth $250,000 after buying an additional 210 shares during the period. Sowell Financial Services LLC boosted its holdings in shares of Bank OZK by 2.3% in the 4th quarter. Sowell Financial Services LLC now owns 10,573 shares of the company’s stock valued at $527,000 after purchasing an additional 236 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Bank OZK by 2.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 11,374 shares of the company’s stock valued at $567,000 after acquiring an additional 246 shares during the period. Beacon Pointe Advisors LLC raised its stake in shares of Bank OZK by 4.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 6,247 shares of the company’s stock valued at $311,000 after acquiring an additional 247 shares during the period. Finally, HB Wealth Management LLC raised its stake in shares of Bank OZK by 3.9% in the 1st quarter. HB Wealth Management LLC now owns 6,607 shares of the company’s stock valued at $300,000 after acquiring an additional 249 shares during the period. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Bank OZK (NASDAQ:OZK)

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