By otakuyassine3@gmail.com 
Bank OZK (NASDAQ:OZK – Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $51.78 and last traded at $51.76, with a volume of 503204 shares changing hands. The stock had previously closed at $50.83.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Stephens boosted their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Truist Financial dropped their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Piper Sandler boosted their price target on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, UBS Group began coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $50.00.
Bank OZK Trading Down 2.0 %
The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 8.47 and a beta of 1.20. The business has a fifty day moving average of $47.02 and a two-hundred day moving average of $44.98. 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 – Get Free Report) last posted its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.12. The company had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. Bank OZK’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.50 earnings per share. As a group, equities analysts expect that Bank OZK will post 5.97 earnings per share for the current fiscal year.
Bank OZK Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a yield of 3.23%. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s payout ratio is presently 27.36%.
Institutional Trading of Bank OZK
Several large investors have recently modified their holdings of OZK. M&T Bank Corp boosted its stake in shares of Bank OZK by 1.9% during the 3rd quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock worth $578,000 after purchasing an additional 244 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Bank OZK by 12.7% during the fourth quarter. Principal Securities Inc. now owns 2,509 shares of the company’s stock valued at $112,000 after buying an additional 283 shares during the period. Arizona State Retirement System boosted its position in Bank OZK by 1.0% during the fourth quarter. Arizona State Retirement System now owns 31,253 shares of the company’s stock worth $1,392,000 after acquiring an additional 305 shares during the last quarter. Pacer Advisors Inc. grew its stake in Bank OZK by 2.1% in the 4th quarter. Pacer Advisors Inc. now owns 15,733 shares of the company’s stock worth $701,000 after acquiring an additional 325 shares during the period. Finally, Savant Capital LLC raised its holdings in Bank OZK by 0.7% in the 4th quarter. Savant Capital LLC now owns 46,784 shares of the company’s stock valued at $2,083,000 after acquiring an additional 327 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.
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.
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