Stephens Boosts Bank OZK (NASDAQ:OZK) Price Target to $51.00

Bank OZK (NASDAQ:OZK) had its price target lifted by Stephens from $48.00 to $51.00 in a research report sent to investors on Monday morning, Benzinga reports. Stephens currently has an equal weight rating on the stock.

OZK has been the topic of a number of other research reports. Truist Financial cut their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday. Raymond James downgraded Bank OZK from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 17th. StockNews.com raised Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. 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 report on Friday, October 18th. Finally, Morgan Stanley increased their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Bank OZK currently has a consensus rating of “Hold” and an average target price of $48.50.

Bank OZK Stock Performance

Shares of OZK opened at $44.39 on Monday. The stock has a market capitalization of $5.04 billion, a PE ratio of 7.30 and a beta of 1.17. Bank OZK has a 12-month low of $34.76 and a 12-month high of $52.36. The business’s fifty day moving average price is $42.45 and its 200 day moving average price is $43.01. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were issued a $0.41 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Friday, October 11th. Bank OZK’s payout ratio is presently 26.97%.

Institutional Trading of Bank OZK

Hedge funds have recently modified their holdings of the business. PSI Advisors LLC lifted its position in shares of Bank OZK by 20,933.3% in the second quarter. PSI Advisors LLC now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 628 shares in the last quarter. LRI Investments LLC acquired a new position in Bank OZK in the 1st quarter valued at approximately $29,000. Versant Capital Management Inc boosted its stake in shares of Bank OZK by 423.0% during the 2nd quarter. Versant Capital Management Inc now owns 978 shares of the company’s stock valued at $40,000 after buying an additional 791 shares during the period. American National Bank & Trust acquired a new stake in shares of Bank OZK during the 3rd quarter valued at $44,000. Finally, Innealta Capital LLC purchased a new position in shares of Bank OZK during the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

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.