Bank OZK (NASDAQ:OZK) Research Coverage Started at UBS Group
by Kim Johansen · The Markets DailyUBS Group initiated coverage on shares of Bank OZK (NASDAQ:OZK – Free Report) in a research note released on Tuesday, MarketBeat reports. The firm issued a neutral rating and a $48.00 price objective on the stock.
A number of other research analysts also recently issued reports on the stock. Stephens cut their target price on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Bank OZK in a research report on Tuesday, January 27th. Zacks Research upgraded shares of Bank OZK from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Finally, TD Cowen cut their target price on shares of Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.89.
Get Our Latest Analysis on Bank OZK
Bank OZK Stock Up 1.2%
Shares of NASDAQ OZK opened at $48.08 on Tuesday. The firm’s 50-day simple moving average is $47.02 and its 200 day simple moving average is $47.17. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 7.79 and a beta of 0.93. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.08. Bank OZK has a 12-month low of $36.50 and a 12-month high of $53.66.
Bank OZK (NASDAQ:OZK – Get Free Report) last issued its quarterly earnings results on Tuesday, January 20th. The company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.03). The company had revenue of $436.29 million for the quarter, compared to analyst estimates of $434.68 million. Bank OZK had a return on equity of 12.65% and a net margin of 25.50%.During the same quarter last year, the company earned $1.56 EPS. On average, research analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.
Bank OZK Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Monday, April 13th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, April 13th. This represents a $1.88 dividend on an annualized basis and a yield of 3.9%. Bank OZK’s dividend payout ratio is presently 29.82%.
Institutional Trading of Bank OZK
Institutional investors and hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC bought a new stake in shares of Bank OZK in the 3rd quarter valued at about $27,000. BOKF NA bought a new stake in shares of Bank OZK in the 3rd quarter valued at about $27,000. Highline Wealth Partners LLC bought a new stake in shares of Bank OZK in the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in shares of Bank OZK in the 4th quarter valued at about $25,000. Finally, True Wealth Design LLC increased its stake in shares of Bank OZK by 147.0% in the 3rd quarter. True Wealth Design LLC now owns 568 shares of the company’s stock valued at $29,000 after acquiring an additional 338 shares during the last quarter. 86.18% of the stock is owned by institutional investors.
Bank OZK Company Profile
Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.
The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.