119,973 Shares in Bank OZK (NASDAQ:OZK) Purchased by Bank OZK

Bank OZK bought a new position in shares of Bank OZK (NASDAQ:OZK) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 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. Bank OZK owned approximately 0.11% of Bank OZK at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in OZK. Sowell Financial Services LLC increased its position in Bank OZK by 2.3% in the 4th quarter. Sowell Financial Services LLC now owns 10,573 shares of the company’s stock valued at $527,000 after acquiring an additional 236 shares in the last quarter. Cardinal Capital Management increased its position in Bank OZK by 1.0% in the 4th quarter. Cardinal Capital Management now owns 30,704 shares of the company’s stock valued at $1,530,000 after acquiring an additional 292 shares in the last quarter. Fifth Third Bancorp increased its position in Bank OZK by 25.5% in the 3rd quarter. Fifth Third Bancorp now owns 1,487 shares of the company’s stock valued at $55,000 after acquiring an additional 302 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Bank OZK by 4.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 8,075 shares of the company’s stock worth $299,000 after buying an additional 307 shares during the period. Finally, MGO One Seven LLC grew its position in shares of Bank OZK by 4.8% during the 3rd quarter. MGO One Seven LLC now owns 6,894 shares of the company’s stock worth $256,000 after buying an additional 316 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Stock Up 0.0 %

OZK traded up $0.02 during trading on Friday, reaching $46.02. The company had a trading volume of 850,838 shares, compared to its average volume of 1,088,126. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 1.03. Bank OZK has a 12 month low of $30.72 and a 12 month high of $52.36. The business’s fifty day moving average price is $43.75 and its 200 day moving average price is $43.55. The company has a market cap of $5.21 billion, a P/E ratio of 7.71 and a beta of 1.27.

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

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were paid 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 3.39%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. Bank OZK’s payout ratio is presently 26.13%.

Wall Street Analyst Weigh In

OZK has been the subject of several analyst reports. Citigroup lowered their price target on shares of Bank OZK from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th. Keefe, Bruyette & Woods lifted their price target on shares of Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a research report on Monday, April 22nd. UBS Group cut shares of Bank OZK from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Raymond James raised shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a research note on Friday, January 5th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $48.00 price objective on shares of Bank OZK in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $49.14.

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.