Bank OZK (NASDAQ:OZK) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Bank OZK (NASDAQ:OZK) have received an average recommendation of “Reduce” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $46.57.

OZK has been the subject of several recent research reports. StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Truist Financial lowered their target price on Bank OZK from $49.00 to $48.00 and set a “hold” rating for the company in a report on Friday, September 20th. Raymond James lowered Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Stephens reaffirmed an “equal weight” rating and set a $50.00 price objective on shares of Bank OZK in a research report on Thursday, July 18th. Finally, Morgan Stanley boosted their target price on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th.

Institutional Investors Weigh In On Bank OZK

A number of large investors have recently made changes to their positions in the stock. LRI Investments LLC acquired a new stake in Bank OZK during the 1st quarter worth about $29,000. PSI Advisors LLC raised its stake in shares of Bank OZK by 20,933.3% in the second quarter. PSI Advisors LLC now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 628 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Bank OZK by 423.0% during the second quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock worth $40,000 after purchasing an additional 791 shares during the period. American National Bank & Trust purchased a new stake in Bank OZK in the third quarter valued at approximately $44,000. Finally, Innealta Capital LLC acquired a new position in Bank OZK in the 2nd quarter worth approximately $46,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Performance

Shares of NASDAQ:OZK opened at $43.66 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $4.95 billion, a PE ratio of 7.31 and a beta of 1.17. The firm’s 50 day simple moving average is $41.78 and its 200-day simple moving average is $43.01. Bank OZK has a one year low of $34.76 and a one year high of $52.36.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share for the quarter, hitting the consensus estimate of $1.52. The business had revenue of $416.78 million during the quarter, compared to analysts’ expectations of $414.39 million. Bank OZK had a return on equity of 14.50% and a net margin of 27.04%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.47 EPS. As a group, equities analysts predict that Bank OZK will post 6 EPS for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 11th will be paid a $0.41 dividend. The ex-dividend date is Friday, October 11th. This is a boost from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 3.76%. Bank OZK’s dividend payout ratio (DPR) is 27.47%.

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.