Barclays upgraded shares of Bank Ozk (NASDAQ:OZK) from an underweight rating to an equal weight rating in a research report sent to investors on Thursday, Marketbeat reports. Barclays currently has $28.00 price target on the stock, up from their prior price target of $27.00.
Several other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Bank Ozk from a strong sell rating to a hold rating in a research note on Wednesday, December 19th. Morgan Stanley reduced their target price on shares of Bank Ozk from $32.00 to $29.00 and set an equal weight rating for the company in a report on Tuesday, December 11th. Piper Jaffray Companies cut shares of Bank Ozk from an overweight rating to a neutral rating and cut their price objective for the company from $52.00 to $31.00 in a report on Tuesday, December 4th. Stephens reaffirmed a hold rating and issued a $28.00 price objective on shares of Bank Ozk in a report on Friday, November 9th. Finally, Brean Capital reaffirmed a buy rating on shares of Bank Ozk in a report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Bank Ozk currently has a consensus rating of Hold and an average price target of $32.22.
NASDAQ:OZK opened at $26.37 on Thursday. Bank Ozk has a 12 month low of $21.02 and a 12 month high of $53.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $3.32 billion, a PE ratio of 8.91, a P/E/G ratio of 0.64 and a beta of 1.49.
Bank Ozk (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, October 18th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.32). Bank Ozk had a return on equity of 11.17% and a net margin of 38.37%. The company had revenue of $244.74 million for the quarter, compared to analyst estimates of $258.05 million. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, equities analysts predict that Bank Ozk will post 3.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 15th will be issued a $0.22 dividend. This is a boost from Bank Ozk’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, January 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.34%. Bank Ozk’s payout ratio is presently 28.38%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jefferies Group LLC purchased a new stake in shares of Bank Ozk during the third quarter worth about $2,274,000. BlackRock Inc. purchased a new stake in shares of Bank Ozk during the third quarter worth about $411,309,000. Independent Advisor Alliance purchased a new stake in shares of Bank Ozk during the third quarter worth about $1,003,000. Vanguard Group Inc. purchased a new stake in shares of Bank Ozk during the third quarter worth about $445,842,000. Finally, Edge Wealth Management LLC purchased a new stake in shares of Bank Ozk during the third quarter worth about $753,000. 86.29% of the stock is owned by institutional investors.
About Bank Ozk
Bank OZK provides a range of retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.
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