Bank OZK (NASDAQ:OZK – Get Rating) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $36.93 and last traded at $37.02, with a volume of 668 shares changing hands. The stock had previously closed at $38.03.
A number of equities analysts recently commented on OZK shares. Raymond James dropped their price target on shares of Bank OZK from $54.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, April 25th. Citigroup lowered their price target on shares of Bank OZK from $50.00 to $45.00 in a research report on Wednesday, April 27th. Stephens increased their price objective on shares of Bank OZK from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, April 25th. Truist Financial decreased their price objective on shares of Bank OZK from $53.00 to $44.00 in a research note on Monday, April 25th. Finally, Piper Sandler cut their price target on shares of Bank OZK from $64.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, March 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.33.
The firm has a market capitalization of $4.68 billion, a P/E ratio of 8.74 and a beta of 1.51. The business has a 50-day moving average price of $40.12 and a 200-day moving average price of $44.12. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.28.
Bank OZK (NASDAQ:OZK – Get Rating) last announced its quarterly earnings data on Thursday, April 21st. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.07. The firm had revenue of $280.82 million during the quarter, compared to analyst estimates of $273.45 million. Bank OZK had a return on equity of 12.57% and a net margin of 47.54%. During the same period last year, the company earned $1.11 earnings per share. As a group, sell-side analysts forecast that Bank OZK will post 4.17 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 22nd. Shareholders of record on Friday, April 15th were given a dividend of $0.31 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a $1.24 annualized dividend and a dividend yield of 3.32%. Bank OZK’s payout ratio is 28.51%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in shares of Bank OZK by 9.9% in the 4th quarter. Van ECK Associates Corp now owns 2,492 shares of the company’s stock valued at $116,000 after purchasing an additional 224 shares during the last quarter. BKD Wealth Advisors LLC lifted its stake in Bank OZK by 2.8% in the fourth quarter. BKD Wealth Advisors LLC now owns 8,676 shares of the company’s stock valued at $404,000 after buying an additional 233 shares during the period. Shell Asset Management Co. increased its position in Bank OZK by 6.0% in the 4th quarter. Shell Asset Management Co. now owns 4,763 shares of the company’s stock valued at $222,000 after buying an additional 268 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Bank OZK by 4.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,863 shares of the company’s stock valued at $319,000 after purchasing an additional 306 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Bank OZK by 56.6% in the 1st quarter. Covestor Ltd now owns 896 shares of the company’s stock worth $38,000 after acquiring an additional 324 shares in the last quarter. Institutional investors own 80.35% of the company’s stock.
Bank OZK Company Profile (NASDAQ:OZK)
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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Source: defenseworld.net
