Bare Financial Services Inc Makes New Investment in Bank OZK (NASDAQ:OZK)

Bare Financial Services Inc acquired a new position in Bank OZK (NASDAQ:OZK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 729 shares of the company’s stock, valued at approximately $36,000.

Other institutional investors have also added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new position in shares of Bank OZK in the 3rd quarter worth about $10,788,000. Comerica Bank bought a new stake in shares of Bank OZK in the 3rd quarter worth approximately $4,252,000. Pathstone Family Office LLC bought a new stake in shares of Bank OZK in the 3rd quarter worth approximately $667,000. Redmont Wealth Advisors LLC boosted its position in shares of Bank OZK by 36.9% in the 4th quarter. Redmont Wealth Advisors LLC now owns 16,542 shares of the company’s stock worth $824,000 after purchasing an additional 4,462 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Bank OZK by 58.1% in the 3rd quarter. Treasurer of the State of North Carolina now owns 78,595 shares of the company’s stock worth $2,914,000 after purchasing an additional 28,893 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on OZK shares. Truist Financial dropped their price target on Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. UBS Group downgraded Bank OZK from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Morgan Stanley reiterated an “equal weight” rating and set a $48.00 target price on shares of Bank OZK in a research report on Monday, April 22nd. Wells Fargo & Company lowered their price target on Bank OZK from $41.00 to $39.00 and set an “underweight” rating for the company in a research report on Thursday, February 1st. Finally, StockNews.com downgraded Bank OZK from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Two investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.14.

Bank OZK Stock Up 1.8 %

Shares of Bank OZK stock traded up $0.81 during trading on Thursday, hitting $46.25. 778,731 shares of the stock traded hands, compared to its average volume of 1,198,954. The firm has a market cap of $5.23 billion, a P/E ratio of 7.61 and a beta of 1.24. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. Bank OZK has a 52-week low of $30.72 and a 52-week high of $52.36. The stock’s fifty day simple moving average is $43.93 and its 200 day simple moving average is $43.77.

Bank OZK (NASDAQ:OZK) last posted 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. The company had revenue of $406.02 million for the quarter, compared to analyst estimates of $396.81 million. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. During the same quarter in the previous year, the firm earned $1.41 earnings per share. On average, equities analysts predict that Bank OZK will post 6.04 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were given a $0.39 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.56 dividend on an annualized basis and a yield of 3.37%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. Bank OZK’s dividend payout ratio is currently 26.13%.

Bank OZK Company 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.