Bank OZK (NASDAQ:OZK – Get Rating) had its price target lifted by Truist Financial from $45.00 to $50.00 in a research note published on Monday, The Fly reports. Truist Financial currently has a hold rating on the stock.
A number of other research analysts have also recently issued reports on OZK. StockNews.com assumed coverage on Bank OZK in a research note on Wednesday, October 12th. They set a hold rating on the stock. Keefe, Bruyette & Woods reduced their price objective on Bank OZK from $45.00 to $40.00 and set a market perform rating on the stock in a research note on Wednesday, January 4th. UBS Group raised their price objective on Bank OZK to $48.00 in a research note on Wednesday, November 16th. Morgan Stanley initiated coverage on Bank OZK in a research note on Monday, December 5th. They set an equal weight rating and a $48.00 price objective on the stock. Finally, Stephens raised their target price on Bank OZK from $47.00 to $48.00 and gave the stock an equal weight rating in a research note on Monday, October 24th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Bank OZK currently has a consensus rating of Hold and an average target price of $47.56.
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Bank OZK Trading Up 2.1 %
Shares of OZK stock opened at $44.02 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.00. Bank OZK has a 52-week low of $34.79 and a 52-week high of $49.46. The company has a market capitalization of $5.52 billion, a PE ratio of 9.70 and a beta of 1.38. The business's fifty day moving average is $42.32 and its 200 day moving average is $41.63.
Bank OZK Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 24th. Investors of record on Tuesday, January 17th will be issued a $0.34 dividend. The ex-dividend date is Friday, January 13th. This represents a $1.36 annualized dividend and a yield of 3.09%. This is an increase from Bank OZK's previous quarterly dividend of $0.33. Bank OZK's dividend payout ratio is currently 29.96%.
Institutional Trading of Bank OZK
Several hedge funds have recently bought and sold shares of OZK. Lazard Asset Management LLC purchased a new stake in shares of Bank OZK during the 1st quarter valued at about $25,000. CX Institutional bought a new position in Bank OZK in the 2nd quarter worth about $26,000. Venture Visionary Partners LLC bought a new position in Bank OZK in the 2nd quarter worth about $32,000. Geneos Wealth Management Inc. boosted its stake in shares of Bank OZK by 94.0% during the first quarter. Geneos Wealth Management Inc. now owns 776 shares of the company's stock valued at $33,000 after purchasing an additional 376 shares in the last quarter. Finally, Ronald Blue Trust Inc. bought a new position in shares of Bank OZK during the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 76.17% of the company's stock.
About Bank OZK
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Bank OZK provides various retail and commercial banking services. It 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. The company also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.
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