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

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

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company decreased their target price on shares of Bank OZK from $41.00 to $39.00 and set an underweight rating for the company in a report on Thursday, February 1st. Raymond James raised shares of Bank OZK from a market perform rating to an outperform rating and set a $58.00 price target for the company in a research report on Friday, January 5th. StockNews.com lowered shares of Bank OZK from a hold rating to a sell rating in a research report on Friday, March 22nd. Citigroup cut their price objective on shares of Bank OZK from $62.00 to $57.00 and set a buy rating on the stock in a research report on Wednesday, March 13th. Finally, Truist Financial cut their price objective on shares of Bank OZK from $48.00 to $47.00 and set a hold rating on the stock in a research report on Monday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Bank OZK presently has a consensus rating of Hold and an average price target of $48.25.

Bank OZK Stock Performance

Shares of OZK opened at $45.18 on Monday. Bank OZK has a one year low of $30.72 and a one year high of $52.36. The company has a 50-day moving average of $43.42 and a two-hundred day moving average of $43.33. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 7.57 and a beta of 1.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 1.03.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, April 18th. The company reported $1.51 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 company had revenue of $406.02 million during the quarter, compared to analysts’ expectations of $396.81 million. During the same period last year, the company posted $1.41 earnings per share. On average, equities research analysts expect that Bank OZK will post 5.89 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 12th were given a $0.39 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, April 11th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.45%. Bank OZK’s dividend payout ratio (DPR) is currently 26.13%.

Hedge Funds Weigh In On Bank OZK

Institutional investors have recently modified their holdings of the company. Principal Securities Inc. acquired a new stake in shares of Bank OZK in the fourth quarter worth $31,000. Bare Financial Services Inc acquired a new stake in shares of Bank OZK in the fourth quarter worth $36,000. SRS Capital Advisors Inc. grew its stake in shares of Bank OZK by 303.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 929 shares of the company’s stock worth $46,000 after acquiring an additional 699 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Bank OZK by 25.5% in the third quarter. Fifth Third Bancorp now owns 1,487 shares of the company’s stock worth $55,000 after acquiring an additional 302 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Bank OZK by 601.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,402 shares of the company’s stock worth $69,000 after acquiring an additional 1,202 shares during the last quarter. 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.