Bank Ozk (OZK) Lowered to “Hold” at Sandler O’Neill

Sandler O’Neill lowered shares of Bank Ozk (NASDAQ:OZK) from a buy rating to a hold rating in a research note issued to investors on Friday morning, Marketbeat reports. The firm currently has $29.00 price objective on the stock.

Several other research firms have also recently weighed in on OZK. Brean Capital restated a buy rating on shares of Bank Ozk in a research report on Monday, August 27th. Raymond James cut shares of Bank Ozk from an outperform rating to a market perform rating in a research report on Friday. ValuEngine upgraded shares of Bank Ozk from a strong sell rating to a sell rating in a research report on Saturday, August 18th. Morgan Stanley lowered their price objective on shares of Bank Ozk from $56.00 to $52.00 and set an overweight rating on the stock in a research report on Tuesday, September 18th. Finally, Stephens reaffirmed a hold rating and set a $48.00 target price on shares of Bank Ozk in a report on Thursday, August 23rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $36.29.

Bank Ozk stock opened at $25.44 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $3.27 billion, a PE ratio of 8.59, a P/E/G ratio of 0.59 and a beta of 1.20. Bank Ozk has a fifty-two week low of $25.01 and a fifty-two week high of $53.70.

Bank Ozk (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, October 18th. The company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.32). The company had revenue of $244.74 million for the quarter, compared to analysts’ expectations of $258.05 million. Bank Ozk had a net margin of 38.37% and a return on equity of 11.17%. During the same quarter last year, the business posted $0.75 EPS. As a group, equities analysts forecast that Bank Ozk will post 3.6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 19th. Investors of record on Friday, October 12th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, October 11th. This represents a $0.84 annualized dividend and a dividend yield of 3.30%. This is a positive change from Bank Ozk’s previous quarterly dividend of $0.20. Bank Ozk’s dividend payout ratio (DPR) is currently 28.38%.

Several hedge funds have recently added to or reduced their stakes in OZK. Oregon Public Employees Retirement Fund bought a new stake in Bank Ozk in the 2nd quarter worth $2,139,000. Public Employees Retirement System of Ohio bought a new stake in Bank Ozk in the 2nd quarter worth $1,932,000. BKD Wealth Advisors LLC bought a new stake in Bank Ozk in the 3rd quarter worth $304,000. State of Alaska Department of Revenue bought a new stake in Bank Ozk in the 3rd quarter worth $479,000. Finally, Bank of Montreal Can bought a new stake in Bank Ozk in the 3rd quarter worth $434,000. 87.23% of the stock is currently owned by institutional investors.

About Bank Ozk

Bank OZK provides a range of 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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