Bank OZK (NASDAQ:OZK) Price Target Increased to $47.00 by Analysts at Keefe, Bruyette & Woods

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

Several other equities analysts have also recently commented on OZK. Wells Fargo & Company dropped their target price on shares of Bank OZK from $41.00 to $39.00 and set an underweight rating on the stock in a research report on Thursday, February 1st. UBS Group cut Bank OZK from a buy rating to a neutral rating in a research report on Monday, January 8th. Raymond James raised Bank OZK from a market perform rating to an outperform rating and set a $58.00 target price for the company in a research report on Friday, January 5th. Citigroup cut their price target on shares of Bank OZK from $62.00 to $57.00 and set a buy rating on the stock in a report on Wednesday, March 13th. Finally, Truist Financial reduced their price target 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $49.14.

Bank OZK Trading Down 0.8 %

Shares of Bank OZK stock opened at $46.00 on Monday. 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 fifty day simple moving average of $43.68 and a 200 day simple moving average of $43.49. Bank OZK has a 12-month low of $30.72 and a 12-month high of $52.36. The company has a market capitalization of $5.20 billion, a P/E ratio of 7.71 and a beta of 1.27.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Thursday, April 18th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.07. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. The firm had revenue of $406.02 million during the quarter, compared to analyst estimates of $396.81 million. During the same quarter in the prior year, the business posted $1.41 EPS. On average, sell-side analysts anticipate that Bank OZK will post 6.04 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were paid a $0.39 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date was Thursday, April 11th. Bank OZK’s payout ratio is currently 26.13%.

Institutional Trading of Bank OZK

Several hedge funds and other institutional investors have recently modified their holdings of OZK. KG&L Capital Management LLC boosted its holdings in shares of Bank OZK by 91.6% in the first quarter. KG&L Capital Management LLC now owns 13,223 shares of the company’s stock worth $600,000 after acquiring an additional 6,323 shares during the period. New York State Teachers Retirement System boosted its stake in Bank OZK by 5.2% in the 1st quarter. New York State Teachers Retirement System now owns 138,018 shares of the company’s stock worth $6,274,000 after purchasing an additional 6,798 shares during the period. Horrell Capital Management Inc. boosted its stake in Bank OZK by 0.5% in the 1st quarter. Horrell Capital Management Inc. now owns 117,734 shares of the company’s stock worth $5,352,000 after purchasing an additional 588 shares during the period. Louisiana State Employees Retirement System grew its holdings in Bank OZK by 2.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 30,300 shares of the company’s stock valued at $1,377,000 after buying an additional 700 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV bought a new stake in shares of Bank OZK during the first quarter valued at about $445,000. Institutional investors own 86.18% of the company’s stock.

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.