Bank OZK (NASDAQ:OZK) Given New $48.00 Price Target at Keefe, Bruyette & Woods

Bank OZK (NASDAQ:OZK) had its price objective cut by Keefe, Bruyette & Woods from $50.00 to $48.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a market perform rating on the stock.

Other research analysts have also recently issued reports about the stock. Stephens decreased their target price on shares of Bank OZK from $59.00 to $54.00 and set an “equal weight” rating for the company in a report on Monday. Wells Fargo & Company decreased their price objective on shares of Bank OZK from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. Finally, Morgan Stanley cut their target price on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $49.13.

Bank OZK Trading Up 2.8 %

Bank OZK stock opened at $41.38 on Tuesday. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 6.74 and a beta of 1.05. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.64. The firm’s 50 day moving average price is $43.89 and its two-hundred day moving average price is $45.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business had revenue of $409.23 million for the quarter, compared to analysts’ expectations of $403.05 million. During the same period in the previous year, the firm posted $1.51 EPS. On average, research analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were paid a $0.43 dividend. The ex-dividend date was Monday, April 14th. This represents a $1.72 dividend on an annualized basis and a yield of 4.16%. This is an increase from Bank OZK’s previous quarterly dividend of $0.42. Bank OZK’s payout ratio is 28.20%.

Institutional Investors Weigh In On Bank OZK

A number of hedge funds and other institutional investors have recently made changes to their positions in OZK. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Bank OZK in the fourth quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new position in shares of Bank OZK during the 4th quarter worth $27,000. CX Institutional bought a new position in shares of Bank OZK during the 1st quarter valued at $30,000. Smartleaf Asset Management LLC lifted its stake in shares of Bank OZK by 176.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company’s stock valued at $34,000 after purchasing an additional 486 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in Bank OZK by 81.3% in the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock worth $42,000 after purchasing an additional 425 shares in the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

About Bank OZK

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.