Bank OZK provides various retail and commercial banking services. The company 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. It 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. The company also provides trust and wealth services, such as personal, custodial, investment management, and retirement accounts, as well as corporate trust services comprising trustee, paying and registered transfer agent, and other incidental services. In addition, it offers treasury management services comprising automated clearing house, wire transfer, transaction reporting, wholesale lockbox, remote deposit capture, automated credit line transfer, reconciliation, positive pay, and merchant and commercial card services, as well as zero balance and investment sweep accounts. Further, the company provides ATMs; telephone, online, and mobile banking services; debit and credit cards; safe deposit boxes; and other products and services, as well as processes merchant debit and credit card transactions. As of December 31, 2020, it operated approximately 250 offices in Arkansas, Georgia, Florida, North Carolina, Texas, South Carolina, California, New York, and Mississippi. The company was formerly known as Bank of the Ozarks and changed its name to Bank OZK in July 2018. Bank OZK was founded in 1903 and is headquartered in Little Rock, Arkansas.
IPO Year:
Exchange: NASDAQ
Website: ozk.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/17/2024 | Outperform → Mkt Perform | Raymond James | |
| 5/29/2024 | $57.00 → $37.00 | Buy → Sell | Citigroup |
| 1/8/2024 | Buy → Neutral | UBS | |
| 1/5/2024 | $58.00 | Mkt Perform → Outperform | Raymond James |
| 1/5/2024 | $41.00 | Equal Weight → Underweight | Wells Fargo |
| 12/1/2023 | $50.00 | Buy | Citigroup |
| 3/15/2023 | $48.00 → $47.00 | Neutral → Buy | UBS |
| 12/5/2022 | $48.00 | Equal-Weight | Morgan Stanley |
| 7/7/2022 | Outperform → Mkt Perform | Raymond James | |
| 7/7/2022 | $58.00 → $42.00 | Overweight → Equal Weight | Wells Fargo |
LITTLE ROCK, Ark., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Bank OZK (NASDAQ:OZK) announced today that Randall "Randy" Bond has joined the company as Regional Director for the bank's Trust and Wealth Group where he will oversee the Arkansas and Texas markets. In this role, Bond will lead an experienced team of trust professionals focused on the wealth management, fiduciary, advisory and planning needs of Bank OZK clients. In addition to providing comprehensive advice and outstanding client service, Bond will focus on business development, including strategies to serve a greater number of existing Bank OZK clients while also attracting new clients. "Randy is a proven wealth management leader and
LITTLE ROCK, Ark., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Bank OZK (Nasdaq: OZK) (the “Bank”) has been ranked as the top performing bank in Bank Director’s 2021 RankingBanking Performance Powerhouses study. “Bank Director’s study naming Bank OZK as the industry’s best performer over two decades is a testament to our steadfast strategic focus on long-term results for our shareholders and for our customers,” stated George Gleason, Chairman and CEO. “We have an extraordinary bank with an extraordinary team of people and one of the best business models in the banking industry. Our entire team is committed to delivering industry-leading results for decades to come.” Bank Director, a leading inform
LITTLE ROCK, Ark., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Bank OZK (Nasdaq: OZK) announced its Board of Directors has approved a regular quarterly cash dividend of $0.2775 per common share payable January 22, 2021 to shareholders of record as of January 15, 2021. The dividend of $0.2775 per common share represents an increase of $0.0025 per common share, or 0.91%, over the dividend paid in the previous quarter. Bank OZK has increased its quarterly cash dividend in each of the last forty-two quarters. GENERAL INFORMATIONBank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Established in 1903, Ba
LITTLE ROCK, Ark., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) today announced that net income available to common stockholders for the third quarter of 2024 was $177.1 million, its eighth consecutive quarterly record and a 4.4% increase from $169.7 million for the third quarter of 2023. For the first nine months of 2024, net income available to common stockholders was $522.1 million, a 3.7% increase from $503.5 million for the first nine months of 2023. Diluted earnings per common share for the third quarter of 2024 were $1.55, its eighth consecutive quarterly record and a 4.0% increase from $1.49 for the third quarter of 2023. For the first nine months of 2024
LITTLE ROCK, Ark., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank's common stock of $0.41 per share, up $0.01, or 2.5% from the prior quarter. The common stock dividend is payable on October 18, 2024 to shareholders of record as of October 11, 2024. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last fifty-seven quarters. The Board of Directors also declared a quarterly cash dividend of $0.28906 per share on the Bank's 4.625% Series A Non-Cumulative Perpetual Preferred Stock ("Series A Preferred Stock") (NASDAQ:OZKAP) for the period covering August 1
LITTLE ROCK, Ark., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) expects to report its third quarter 2024 earnings after the market closes on Thursday, October 17, 2024. Management's comments on the third quarter of 2024 will be released simultaneously with the earnings press release and will be available on the Bank's investor relations website. Management will conduct a conference call to take questions at 10:00 a.m. CT (11:00 a.m. ET) on Friday, October 18, 2024. Interested parties may access the conference call live via webcast on the Bank's investor relations website at https://ir.ozk.com/news/event-calendar, or may participate via telephone by registeri
LITTLE ROCK, Ark., July 17, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) today announced that net income available to common stockholders for the second quarter of 2024 was a record $173.5 million, a 3.3% increase from $167.9 million for the second quarter of 2023. For the first six months of 2024, net income available to common stockholders was $345.0 million, a 3.4% increase from $333.8 million for the first six months of 2023. Diluted earnings per common share for the second quarter of 2024 were a record $1.52, a 3.4% increase from $1.47 for the second quarter of 2023. For the first six months of 2024, diluted earnings per common share were $3.03, a 5.2% increase
LITTLE ROCK, Ark., July 01, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank's common stock of $0.40 per share, up $0.01, or 2.56% from the prior quarter. The common stock dividend is payable on July 19, 2024 to shareholders of record as of July 12, 2024. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last fifty-six quarters. The Board of Directors also declared a quarterly cash dividend of $0.28906 per share on the Bank's 4.625% Series A Non-Cumulative Perpetual Preferred Stock ("Series A Preferred Stock") (NASDAQ:OZKAP) for the period covering May 15, 2024 th
LITTLE ROCK, Ark., June 27, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) expects to report its second quarter 2024 earnings after the market closes on Wednesday, July 17, 2024. Management's comments on the second quarter of 2024 will be released simultaneously with the earnings press release and will be available on the Bank's investor relations website. Management will conduct a conference call to take questions at 10:00 a.m. CT (11:00 a.m. ET) on Thursday, July 18, 2024. Interested parties may access the conference call live via webcast on the Bank's investor relations website at https://ir.ozk.com/news/event-calendar, or may participate via telephone by registering us
LITTLE ROCK, Ark., April 17, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) today announced that net income available to common stockholders for the first quarter of 2024 was a record $171.5 million, a 3.4% increase from $165.9 million for the first quarter of 2023. Diluted earnings per common share for the first quarter of 2024 were a record $1.51, a 7.1% increase from $1.41 for the first quarter of 2023. Pre-tax pre-provision net revenue ("PPNR") was a record $272.7 million for the first quarter of 2024, a 10.7% increase from $246.4 million for the first quarter of 2023. The calculation of PPNR and the reconciliation to generally accepted accounting principles (
LITTLE ROCK, Ark., April 01, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank's common stock of $0.39 per share, up $0.01, or 2.63% from the prior quarter. The common stock dividend is payable on April 19, 2024 to shareholders of record as of April 12, 2024. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last fifty-five quarters. The Board of Directors also declared a quarterly cash dividend of $0.28906 per share on the Bank's 4.625% Series A Non-Cumulative Perpetual Preferred Stock ("Series A Preferred Stock") (NASDAQ:OZKAP) for the period covering February 15
LITTLE ROCK, Ark., March 28, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) expects to report its first quarter 2024 earnings after the market closes on Wednesday, April 17, 2024. Management's comments on the first quarter of 2024 will be released simultaneously with the earnings press release and will be available on the Bank's investor relations website. Management will conduct a conference call to take questions at 9:00 a.m. CT (10:00 a.m. ET) on Thursday, April 18, 2024. Interested parties may access the conference call live via webcast on the Bank's investor relations website at https://ir.ozk.com/news/event-calendar, or may participate via telephone by registering usin
LITTLE ROCK, Ark., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) today announced that net income available to common stockholders for the fourth quarter of 2023 was a record $171.1 million, a 7.7% increase from $158.8 million for the fourth quarter of 2022. Diluted earnings per common share for the fourth quarter of 2023 were a record $1.50, an 11.9% increase from $1.34 for the fourth quarter of 2022. For the full year of 2023, net income available to common stockholders was $674.6 million, a 23.2% increase from $547.5 million for the full year of 2022. Diluted earnings per common share for the full year of 2023 were $5.87, a 29.3% increase from $4.54 for the full y
Truist Securities analyst Brandon King maintains Bank OZK (NASDAQ:OZK) with a Hold and raises the price target from $41 to $49.
Stephens & Co. analyst Matt Olney reiterates Bank OZK (NASDAQ:OZK) with a Equal-Weight and maintains $50 price target.
The Bank's Board recently approved a stock repurchase program authorizing the purchase of up to $200 million of outstanding common stock through expiration of the program on July 1, 2025. In evaluating stock repurchases, management will consider a variety of factors including the Bank's stock price, expected growth, capital position, alternative uses of capital, liquidity, financial performance, current and expected macroeconomic environment, regulatory requirements and other factors.
Bank OZK (NASDAQ:OZK) reported quarterly earnings of $1.52 per share which met the analyst consensus estimate. This is a 3.4 percent increase over earnings of $1.47 per share from the same period last year.
Across the recent three months, 7 analysts have shared their insights on Bank OZK (NASDAQ:OZK), expressing a variety of opinions spanning from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 5 1 1 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 1 1 3M Ago 0 0 3 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $43.57, a high estimat
Truist Securities analyst Brandon King maintains Bank OZK (NASDAQ:OZK) with a Hold and lowers the price target from $47 to $41.
Bank OZK (the "Bank") (NASDAQ:OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank's common stock of $0.40 per share, up $0.01, or 2.56% from the prior quarter. The common stock dividend is payable on July 19, 2024 to shareholders of record as of July 12, 2024. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last fifty-six quarters.
Wells Fargo analyst Jared Shaw maintains Bank OZK (NASDAQ:OZK) with a Underweight and lowers the price target from $39 to $35.
Stephens & Co. analyst Matt Olney reiterates Bank OZK (NASDAQ:OZK) with a Equal-Weight and maintains $50 price target.
U.S. stocks were lower, with the Dow Jones index falling around 1% on Thursday. Shares of HP Inc. (NYSE:HPQ) rose sharply during Thursday's session following better-than-expected second-quarter financial results. Net revenue declined 0.8% Y/Y to $12.8 billion, beating the consensus of $12.6 billion. Adjusted EPS rose 4% Y/Y to 82 cents, surpassing the street view of 81 cents, according to data from Benzinga Pro. HP shares climbed 12.5% to $36.94 on Thursday. Here are some other big stocks recording gains in today's session. Latam Logistic Properties, S.A. (NYSE:LPA) shares jumped 61% to $53.35. Foot Locker, Inc. (NYSE:FL) rose 25.9% to $28.35 following a first-quarter earn
Raymond James downgraded Bank OZK from Outperform to Mkt Perform
Citigroup downgraded Bank OZK from Buy to Sell and set a new price target of $37.00 from $57.00 previously
UBS downgraded Bank OZK from Buy to Neutral
Raymond James upgraded Bank OZK from Mkt Perform to Outperform and set a new price target of $58.00
Wells Fargo downgraded Bank OZK from Equal Weight to Underweight and set a new price target of $41.00
Citigroup initiated coverage of Bank OZK with a rating of Buy and set a new price target of $50.00
UBS upgraded Bank OZK from Neutral to Buy and set a new price target of $47.00 from $48.00 previously
Morgan Stanley initiated coverage of Bank OZK with a rating of Equal-Weight and set a new price target of $48.00
Raymond James downgraded Bank OZK from Outperform to Mkt Perform
Wells Fargo downgraded Bank OZK from Overweight to Equal Weight and set a new price target of $42.00 from $58.00 previously
FORT WASHINGTON, Pa., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) (TollBrothers.com), the nation's leading builder of luxury homes, today announced a joint venture between its Toll Brothers City Living division and Daiwa House to develop a new luxury condominium community in the New York City metro market. Located on the Hudson River waterfront and offering unobstructed skyline views of Manhattan, Vista Pointe will be a nine-story, 73-unit luxury condominium community at 8 Avenue at Port Imperial in West New York, New Jersey. Toll Brothers is acting as managing member and development lead for the project, overseeing approvals, design, construction, and sales. The partn
LITTLE ROCK, Ark., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) today announced that net income available to common stockholders for the third quarter of 2024 was $177.1 million, its eighth consecutive quarterly record and a 4.4% increase from $169.7 million for the third quarter of 2023. For the first nine months of 2024, net income available to common stockholders was $522.1 million, a 3.7% increase from $503.5 million for the first nine months of 2023. Diluted earnings per common share for the third quarter of 2024 were $1.55, its eighth consecutive quarterly record and a 4.0% increase from $1.49 for the third quarter of 2023. For the first nine months of 2024
LITTLE ROCK, Ark., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Bank OZK's (the "Bank") (NASDAQ:OZK) third quarter and first nine months 2024 management comments are now available on the Bank's investor relations website https://ir.ozk.com. GENERAL INFORMATION Bank OZK (NASDAQ:OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Established in 1903, Bank OZK conducts banking operations in approximately 240 offices in nine states including Arkansas, Georgia, Florida, North Carolina, Tennessee, Texas, New York, California and Mississippi and had $37.44 billion in total assets as of September 30, 2024. For more informatio
LITTLE ROCK, Ark., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank's common stock of $0.41 per share, up $0.01, or 2.5% from the prior quarter. The common stock dividend is payable on October 18, 2024 to shareholders of record as of October 11, 2024. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last fifty-seven quarters. The Board of Directors also declared a quarterly cash dividend of $0.28906 per share on the Bank's 4.625% Series A Non-Cumulative Perpetual Preferred Stock ("Series A Preferred Stock") (NASDAQ:OZKAP) for the period covering August 1
LITTLE ROCK, Ark., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) expects to report its third quarter 2024 earnings after the market closes on Thursday, October 17, 2024. Management's comments on the third quarter of 2024 will be released simultaneously with the earnings press release and will be available on the Bank's investor relations website. Management will conduct a conference call to take questions at 10:00 a.m. CT (11:00 a.m. ET) on Friday, October 18, 2024. Interested parties may access the conference call live via webcast on the Bank's investor relations website at https://ir.ozk.com/news/event-calendar, or may participate via telephone by registeri
LITTLE ROCK, Ark., July 17, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) today announced that net income available to common stockholders for the second quarter of 2024 was a record $173.5 million, a 3.3% increase from $167.9 million for the second quarter of 2023. For the first six months of 2024, net income available to common stockholders was $345.0 million, a 3.4% increase from $333.8 million for the first six months of 2023. Diluted earnings per common share for the second quarter of 2024 were a record $1.52, a 3.4% increase from $1.47 for the second quarter of 2023. For the first six months of 2024, diluted earnings per common share were $3.03, a 5.2% increase
LITTLE ROCK, Ark., July 17, 2024 (GLOBE NEWSWIRE) -- Bank OZK's (the "Bank") (NASDAQ:OZK) second quarter and first six months 2024 management comments are now available on the Bank's investor relations website https://ir.ozk.com. GENERAL INFORMATION Bank OZK (NASDAQ:OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Established in 1903, Bank OZK conducts banking operations in approximately 240 offices in nine states including Arkansas, Georgia, Florida, North Carolina, Tennessee, Texas, New York, California and Mississippi and had $36.84 billion in total assets as of June 30, 2024. For more information, vi
LITTLE ROCK, Ark., July 01, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank's common stock of $0.40 per share, up $0.01, or 2.56% from the prior quarter. The common stock dividend is payable on July 19, 2024 to shareholders of record as of July 12, 2024. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last fifty-six quarters. The Board of Directors also declared a quarterly cash dividend of $0.28906 per share on the Bank's 4.625% Series A Non-Cumulative Perpetual Preferred Stock ("Series A Preferred Stock") (NASDAQ:OZKAP) for the period covering May 15, 2024 th
LITTLE ROCK, Ark., June 27, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) expects to report its second quarter 2024 earnings after the market closes on Wednesday, July 17, 2024. Management's comments on the second quarter of 2024 will be released simultaneously with the earnings press release and will be available on the Bank's investor relations website. Management will conduct a conference call to take questions at 10:00 a.m. CT (11:00 a.m. ET) on Thursday, July 18, 2024. Interested parties may access the conference call live via webcast on the Bank's investor relations website at https://ir.ozk.com/news/event-calendar, or may participate via telephone by registering us
LITTLE ROCK, Ark., April 17, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (NASDAQ:OZK) today announced that net income available to common stockholders for the first quarter of 2024 was a record $171.5 million, a 3.4% increase from $165.9 million for the first quarter of 2023. Diluted earnings per common share for the first quarter of 2024 were a record $1.51, a 7.1% increase from $1.41 for the first quarter of 2023. Pre-tax pre-provision net revenue ("PPNR") was a record $272.7 million for the first quarter of 2024, a 10.7% increase from $246.4 million for the first quarter of 2023. The calculation of PPNR and the reconciliation to generally accepted accounting principles (
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