EP Wealth Advisors LLC acquired a new stake in shares of Bank OZK (NASDAQ:OZK - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,168 shares of the company's stock, valued at approximately $408,000.
Other institutional investors have also modified their holdings of the company. Barclays PLC raised its stake in shares of Bank OZK by 30.7% during the 3rd quarter. Barclays PLC now owns 254,874 shares of the company's stock valued at $10,958,000 after buying an additional 59,907 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Bank OZK by 1.6% during the 4th quarter. Rhumbline Advisers now owns 342,417 shares of the company's stock valued at $15,248,000 after buying an additional 5,538 shares during the last quarter. Merit Financial Group LLC purchased a new position in shares of Bank OZK during the 4th quarter valued at about $307,000. Park Avenue Securities LLC purchased a new position in shares of Bank OZK during the 4th quarter valued at about $227,000. Finally, KBC Group NV increased its stake in shares of Bank OZK by 60.8% in the 4th quarter. KBC Group NV now owns 4,727 shares of the company's stock valued at $210,000 after purchasing an additional 1,788 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company's stock.
Bank OZK Stock Performance
Shares of NASDAQ:OZK opened at $46.31 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The business's 50 day moving average price is $42.51 and its 200-day moving average price is $45.82. The firm has a market capitalization of $5.25 billion, a PE ratio of 7.54 and a beta of 0.85. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.64.
Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.05. The firm had revenue of $409.23 million for the quarter, compared to analyst estimates of $403.05 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. During the same period in the previous year, the company posted $1.51 earnings per share. As a group, equities research analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.
Bank OZK Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were paid a $0.43 dividend. The ex-dividend date of this dividend was Monday, April 14th. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.71%. Bank OZK's payout ratio is currently 28.20%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on OZK shares. Stephens lowered their price target on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Keefe, Bruyette & Woods dropped their price objective on Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Finally, Morgan Stanley dropped their price objective on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Bank OZK currently has an average rating of "Hold" and an average target price of $49.13.
Read Our Latest Stock Report on OZK
Bank OZK Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding OZK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank OZK (NASDAQ:OZK - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Bank OZK, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank OZK wasn't on the list.
While Bank OZK currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
