Bank OZK Makes New Investment in Bank OZK (NASDAQ:OZK)

Bank OZK purchased a new position in shares of Bank OZK (NASDAQ:OZK) during the fourth quarter, Holdings Channel.com reports. The firm purchased 119,973 shares of the company’s stock, valued at approximately $5,978,000. Bank OZK makes up approximately 2.9% of Bank OZK’s investment portfolio, making the stock its 4th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of OZK. Fifth Third Bancorp boosted its holdings in shares of Bank OZK by 25.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,487 shares of the company’s stock worth $55,000 after buying an additional 302 shares in the last quarter. MCF Advisors LLC bought a new position in shares of Bank OZK in the 4th quarter worth $73,000. National Bank of Canada FI lifted its holdings in shares of Bank OZK by 17.9% in the 3rd quarter. National Bank of Canada FI now owns 4,790 shares of the company’s stock worth $173,000 after purchasing an additional 727 shares in the last quarter. KG&L Capital Management LLC bought a new position in shares of Bank OZK in the 3rd quarter worth $213,000. Finally, MQS Management LLC bought a new position in shares of Bank OZK in the 3rd quarter worth $219,000. 86.18% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OZK has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on Bank OZK from $41.00 to $39.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. Citigroup cut their target price on Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. Truist Financial cut their target price on Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. Morgan Stanley reiterated an “equal weight” rating and issued a $48.00 target price on shares of Bank OZK in a report on Monday, April 22nd. Finally, UBS Group cut Bank OZK from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Bank OZK presently has an average rating of “Hold” and a consensus price target of $49.14.

Bank OZK Stock Up 0.0 %

NASDAQ:OZK traded up $0.02 during trading hours on Friday, hitting $46.02. 850,838 shares of the company traded hands, compared to its average volume of 1,088,126. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The firm’s 50-day simple moving average is $43.75 and its 200-day simple moving average is $43.55. Bank OZK has a one year low of $30.72 and a one year high of $52.36. The company has a market cap of $5.21 billion, a PE ratio of 7.71 and a beta of 1.27.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, April 18th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.07. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. The firm had revenue of $406.02 million during the quarter, compared to analyst estimates of $396.81 million. During the same period last year, the firm posted $1.41 EPS. Equities analysts predict that Bank OZK will post 6.04 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were issued a $0.39 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.56 annualized dividend and a yield of 3.39%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. Bank OZK’s dividend payout ratio (DPR) is 26.13%.

Bank OZK 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.