Bare Financial Services Inc Makes New $36,000 Investment in Bank OZK (NASDAQ:OZK)

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

Other large investors have also recently bought and sold shares of the company. Sowell Financial Services LLC raised its position in shares of Bank OZK by 2.3% during 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 during the last quarter. Los Angeles Capital Management LLC increased its position in shares of Bank OZK by 2.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 11,374 shares of the company’s stock valued at $567,000 after buying an additional 246 shares in the last quarter. Cardinal Capital Management increased its position in shares of 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 buying an additional 292 shares in the last quarter. Fifth Third Bancorp increased its position in shares of 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 buying an additional 302 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Bank OZK by 4.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 8,075 shares of the company’s stock valued at $299,000 after buying an additional 307 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Price Performance

Bank OZK stock traded up $0.81 during mid-day trading on Thursday, reaching $46.25. The company had a trading volume of 778,731 shares, compared to its average volume of 1,198,954. The company has a market cap of $5.23 billion, a P/E ratio of 7.61 and a beta of 1.24. The business has a fifty day simple moving average of $43.93 and a 200 day simple moving average of $43.77. 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 fifty-two week low of $30.72 and a fifty-two week high of $52.36.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, April 18th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 28.54% and a return on equity of 14.84%. During the same quarter in the previous year, the business earned $1.41 earnings per share. On average, equities research analysts predict that Bank OZK will post 6.04 earnings per share for the current 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 issued a $0.39 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.56 annualized dividend and a yield of 3.37%. Bank OZK’s payout ratio is presently 26.13%.

Analyst Ratings Changes

A number of research firms have issued reports on OZK. Citigroup lowered their target price on Bank OZK from $62.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. Raymond James upgraded shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a research note on Friday, January 5th. Keefe, Bruyette & Woods raised their target price on shares of Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a report on Monday, April 22nd. Truist Financial lowered their target price on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $48.00 target price on shares of Bank OZK in a report 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $49.14.

About Bank OZK

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.