Bank OZK (NASDAQ:OZK) Shares Bought by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. lifted its stake in shares of Bank OZK (NASDAQ:OZK) by 2.0% during the second quarter, HoldingsChannel.com reports. The firm owned 2,024,130 shares of the company’s stock after purchasing an additional 40,356 shares during the period. Bank OZK accounts for about 2.5% of Van Berkom & Associates Inc.’s portfolio, making the stock its 16th largest position. Van Berkom & Associates Inc.’s holdings in Bank OZK were worth $82,989,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. LSV Asset Management grew its holdings in shares of Bank OZK by 3.1% in the 2nd quarter. LSV Asset Management now owns 486,640 shares of the company’s stock worth $19,952,000 after acquiring an additional 14,500 shares during the period. Koss Olinger Consulting LLC purchased a new position in shares of Bank OZK in the second quarter valued at $287,000. Caprock Group LLC acquired a new position in shares of Bank OZK during the 2nd quarter worth $253,000. Savant Capital LLC purchased a new stake in shares of Bank OZK in the 2nd quarter worth about $1,725,000. Finally, Victory Capital Management Inc. grew its stake in Bank OZK by 483.9% in the 2nd quarter. Victory Capital Management Inc. now owns 980,358 shares of the company’s stock valued at $40,195,000 after acquiring an additional 812,464 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

OZK has been the subject of a number of research reports. Morgan Stanley lifted their target price on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Citigroup cut Bank OZK from a “buy” rating to a “sell” rating and lowered their target price for the company from $57.00 to $37.00 in a report on Wednesday, May 29th. Wells Fargo & Company dropped their price target on Bank OZK from $39.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday, June 6th. Finally, Stephens restated an “equal weight” rating and issued a $50.00 price objective on shares of Bank OZK in a research report on Thursday, July 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Bank OZK currently has an average rating of “Hold” and a consensus price target of $46.71.

Bank OZK Trading Up 0.3 %

Shares of OZK stock traded up $0.10 during mid-day trading on Monday, hitting $40.02. 100,410 shares of the company’s stock were exchanged, compared to its average volume of 1,271,162. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 6.69 and a beta of 1.17. The stock has a 50-day simple moving average of $42.85 and a two-hundred day simple moving average of $43.27. Bank OZK has a fifty-two week low of $34.76 and a fifty-two week high of $52.36. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.52. Bank OZK had a return on equity of 14.50% and a net margin of 27.04%. The firm had revenue of $416.78 million for the quarter, compared to analyst estimates of $414.39 million. During the same period last year, the company earned $1.47 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Equities analysts expect that Bank OZK will post 6.01 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 12th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.00%. This is an increase from Bank OZK’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, July 12th. Bank OZK’s payout ratio is presently 26.80%.

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.