TheStreet upgraded shares of Bank OZK (NASDAQ:OZK) from a c+ rating to a b rating in a research report sent to investors on Tuesday, TheStreetRatingsTable reports.
Several other analysts have also issued reports on OZK. Morgan Stanley boosted their target price on shares of Bank OZK from $30.00 to $36.00 and gave the company an equal weight rating in a research report on Monday, December 7th. BidaskClub raised shares of Bank OZK from a hold rating to a buy rating in a research report on Tuesday, December 8th. ValuEngine raised Bank OZK from a strong sell rating to a sell rating in a report on Tuesday, December 1st. Finally, Zacks Investment Research raised Bank OZK from a hold rating to a strong-buy rating and set a $30.00 price target for the company in a report on Tuesday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $27.11.
NASDAQ OZK opened at $33.80 on Tuesday. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 16.33 and a beta of 2.03. Bank OZK has a 1-year low of $14.20 and a 1-year high of $35.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.99 and a quick ratio of 0.99. The business’s fifty day moving average price is $30.40 and its 200-day moving average price is $25.31.
Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.27. The company had revenue of $251.33 million during the quarter, compared to analysts’ expectations of $244.29 million. Bank OZK had a return on equity of 6.49% and a net margin of 21.95%. During the same quarter in the prior year, the business earned $0.81 earnings per share. Equities research analysts anticipate that Bank OZK will post 1.68 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 22nd. Investors of record on Friday, January 15th will be paid a dividend of $0.278 per share. This represents a $1.11 annualized dividend and a yield of 3.29%. The ex-dividend date is Thursday, January 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.28. Bank OZK’s dividend payout ratio (DPR) is 33.33%.
A number of hedge funds have recently bought and sold shares of the business. Dimension Capital Management LLC purchased a new stake in Bank OZK during the 3rd quarter valued at approximately $38,000. Private Advisor Group LLC bought a new position in shares of Bank OZK during the second quarter worth $43,000. CI Investments Inc. purchased a new position in Bank OZK during the third quarter valued at $66,000. Stephenson National Bank & Trust grew its stake in Bank OZK by 15.5% during the third quarter. Stephenson National Bank & Trust now owns 6,634 shares of the company’s stock valued at $141,000 after acquiring an additional 890 shares in the last quarter. Finally, Hexagon Capital Partners LLC bought a new stake in Bank OZK in the 3rd quarter valued at $156,000. Institutional investors and hedge funds own 86.23% of the company’s stock.
Bank OZK Company Profile
Bank OZK provides various retail and commercial banking services. The company accepts various deposit products, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. It also offers real estate, consumer and small business, indirect consumer RV and marine, commercial and industrial, government guaranteed, agricultural, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.
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