Bank Ozk (NASDAQ:OZK) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Bank Ozk (NASDAQ:OZK) from a hold rating to a buy rating in a research note released on Tuesday morning, ValuEngine reports.

OZK has been the topic of a number of other research reports. Piper Sandler upgraded Bank Ozk from a neutral rating to an overweight rating and upped their price objective for the stock from $32.00 to $37.00 in a research note on Friday, January 10th. SunTrust Banks upped their price objective on Bank Ozk from $29.00 to $32.00 and gave the stock a hold rating in a research note on Thursday, January 2nd. Morgan Stanley dropped their price objective on Bank Ozk from $32.00 to $31.00 and set an equal weight rating on the stock in a research note on Tuesday, October 22nd. Finally, Stephens set a $31.00 price objective on Bank Ozk and gave the stock a hold rating in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $32.75.

NASDAQ:OZK traded down $0.62 during trading hours on Tuesday, reaching $27.46. 627,154 shares of the stock were exchanged, compared to its average volume of 768,245. Bank Ozk has a twelve month low of $24.35 and a twelve month high of $34.34. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.00. The firm has a 50 day moving average of $30.53 and a 200 day moving average of $28.73. The stock has a market cap of $3.62 billion, a PE ratio of 8.30, a PEG ratio of 0.80 and a beta of 1.89.

Bank Ozk (NASDAQ:OZK) last released its quarterly earnings results on Thursday, January 16th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Bank Ozk had a return on equity of 10.57% and a net margin of 33.53%. The firm had revenue of $245.38 million during the quarter, compared to the consensus estimate of $238.78 million. During the same quarter in the prior year, the firm posted $0.89 EPS. Equities research analysts anticipate that Bank Ozk will post 2.94 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 17th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Thursday, January 16th. This is a boost from Bank Ozk’s previous quarterly dividend of $0.25. Bank Ozk’s dividend payout ratio is 31.52%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp raised its stake in Bank Ozk by 1.3% in the 3rd quarter. State Street Corp now owns 12,964,223 shares of the company’s stock valued at $353,534,000 after acquiring an additional 163,111 shares during the period. BlackRock Inc. raised its stake in Bank Ozk by 0.5% in the 2nd quarter. BlackRock Inc. now owns 11,222,956 shares of the company’s stock valued at $337,699,000 after acquiring an additional 55,669 shares during the period. Vanguard Group Inc. raised its stake in Bank Ozk by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 11,117,509 shares of the company’s stock valued at $334,525,000 after acquiring an additional 239,788 shares during the period. Copeland Capital Management LLC raised its stake in Bank Ozk by 27.4% in the 3rd quarter. Copeland Capital Management LLC now owns 1,175,205 shares of the company’s stock valued at $32,048,000 after acquiring an additional 252,842 shares during the period. Finally, First Trust Advisors LP increased its position in Bank Ozk by 21.0% during the 3rd quarter. First Trust Advisors LP now owns 679,298 shares of the company’s stock worth $18,524,000 after buying an additional 117,723 shares during the period. Institutional investors and hedge funds own 82.14% of the company’s stock.

Bank Ozk Company Profile

Bank OZK provides 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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Analyst Recommendations for Bank Ozk (NASDAQ:OZK)

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