Several brokerages have updated their stock price recommendations and targets. OZK Bank (NASDAQ: OZK) over the past few weeks:

• 04/27/2022 – Bank OZK had its price target lowered by Citigroup Inc. analysts from $50.00 to $45.00.
• 04/25/2022 – OZK Bank has had its price target lowered by Raymond James analysts from $54.00 to $50.00. They now have an “outperform” rating on the title.
• 04/25/2022 – OZK Bank has had its price target raised by Stephens analysts from $50.00 to $51.00. They now have an “equal weight” rating on the stock.
• 04/25/2022 – Bank OZK had its price target lowered by analysts at Truist Financial Co. from $53.00 to $44.00.
• 03/31/2022 – OZK Bank is now covered by StockNews.com analysts. They have placed a “holding” rating on the stock.
• 03/11/2022 – OZK Bank has had its price target lowered by Piper Sandler analysts from $64.00 to $60.00. They now have an “overweight” rating on the stock.

NASDAQ: OZK opened at $39.60 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a leverage ratio of 0.28. OZK Bank has a fifty-two week low of $38.10 and a fifty-two week high of $51.39. The stock has a market capitalization of $4.97 billion, a PE ratio of 9.10 and a beta of 1.52. The company’s fifty-day simple moving average is $42.09 and its 200-day simple moving average is $45.31.

Bank OZK (NASDAQ:OZK – Get Rating) last released its quarterly earnings data on Thursday, April 21. The company reported EPS of $1.02 for the quarter, beating the consensus estimate of $0.95 by $0.07. OZK Bank had a net margin of 47.54% and a return on equity of 12.57%. The company posted revenue of $280.82 million for the quarter, versus analyst estimates of $273.45 million. During the same period of the previous year, the company achieved EPS of $1.11. Stock analysts expect Bank OZK to post earnings per share of 4.13 for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 22. Shareholders of record on Friday, April 15 received a dividend of $0.31. This represents a dividend of $1.24 on an annualized basis and a yield of 3.13%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, April 13. OZK Bank’s dividend distribution rate is 28.51%.

A number of large investors have recently increased or reduced their stakes in the company. The Bank of Nova Scotia increased its holdings in Bank OZK by 3.8% in Q1. The Bank of Nova Scotia now owns 96,341 shares of the company valued at $4,114,000 after purchasing an additional 3,534 shares last quarter. The Toronto Dominion Bank increased its stake in Bank OZK by 26.0% in the 1st quarter. The Toronto Dominion Bank now owns 54,837 shares of the company valued at $2,341,000 after buying 11,302 more shares last quarter. The Swiss National Bank increased its stake in Bank OZK shares by 7.4% in the 1st quarter. The Swiss National Bank now owns 288,833 shares of the company worth $12,333,000 after acquiring an additional 19,900 shares during the period. Teacher Retirement System of Texas increased its stake in Bank OZK shares by 7.2% in Q1. Teacher Retirement System of Texas now owns 25,271 shares of the company worth $1,079,000 after acquiring 1,705 additional shares during the period. Finally, M&T Bank Corp increased its stake in Bank OZK shares by 3.2% during the 1st quarter. M&T Bank Corp now owns 45,407 shares of the company worth $1,938,000 after acquiring an additional 1,426 shares during the period. Institutional investors hold 80.35% of the company’s shares.

Bank OZK provides various retail and commercial banking services. It accepts various deposit products, including non-interest bearing checks, interest bearing transactions, commercial sweep, savings, money market, individual retirement and other accounts, as well as term deposits. The company also offers home, consumer and business, indirect RV and marine, commercial and industrial, government guaranteed, agricultural, small business, builder and affordable housing loans; business aviation and subscription financing services; and mortgages and other lending products.

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