Stephens set a $34.00 target price on Bank Ozk (NASDAQ:OZK) in a report released on Thursday morning, Stock Target Advisor reports. The firm currently has a hold rating on the stock.
Several other equities analysts also recently weighed in on OZK. Brean Capital reiterated a buy rating on shares of Community Bankers Trust in a report on Monday, March 18th. Zacks Investment Research downgraded shares of Ionis Pharmaceuticals from a buy rating to a hold rating in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $32.55.
Shares of NASDAQ:OZK opened at $29.83 on Thursday. Bank Ozk has a twelve month low of $21.02 and a twelve month high of $43.28. The stock has a 50 day simple moving average of $29.95. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3.85 billion, a P/E ratio of 9.21, a PEG ratio of 0.72 and a beta of 1.85.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 12th will be paid a dividend of $0.24 per share. This is a boost from Bank Ozk’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, July 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.22%. Bank Ozk’s dividend payout ratio (DPR) is presently 29.63%.
Several hedge funds and other institutional investors have recently modified their holdings of OZK. Icon Wealth Partners LLC acquired a new stake in shares of Bank Ozk during the 1st quarter worth approximately $53,000. Quadrant Capital Group LLC grew its stake in shares of Bank Ozk by 57.0% during the 1st quarter. Quadrant Capital Group LLC now owns 2,819 shares of the company’s stock worth $76,000 after purchasing an additional 1,024 shares during the period. Osborn Williams & Donohoe LLC acquired a new stake in shares of Bank Ozk during the 1st quarter worth approximately $119,000. Commonwealth Bank of Australia grew its stake in shares of Bank Ozk by 31.7% during the 4th quarter. Commonwealth Bank of Australia now owns 7,900 shares of the company’s stock worth $180,000 after purchasing an additional 1,900 shares during the period. Finally, Toronto Dominion Bank grew its stake in shares of Bank Ozk by 91.9% during the 1st quarter. Toronto Dominion Bank now owns 6,944 shares of the company’s stock worth $201,000 after purchasing an additional 3,325 shares during the period. 83.45% of the stock is currently owned by institutional investors and hedge funds.
About Bank Ozk
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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