5,109 Shares in Bank OZK $OZK Acquired by Aaron Wealth Advisors LLC

Key Points

• Aaron Wealth Advisors LLC has acquired a new stake in Bank OZK, purchasing 5,109 shares valued at approximately $240,000 during the second quarter.
• Analysts have raised their price targets for Bank OZK, with Stephens upgrading their rating from "equal weight" to "overweight," and setting a new price objective of $65.00.
• Bank OZK recently announced a quarterly dividend increase to $0.44 per share, representing a 3.3% yield based on the annualized dividend.

Aaron Wealth Advisors LLC acquired a new stake in shares of Bank OZK (NASDAQ:OZK - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 5,109 shares of the company's stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Bank OZK during the 2nd quarter worth about $319,000. Parallel Advisors LLC lifted its position in Bank OZK by 70.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,124 shares of the company's stock worth $53,000 after acquiring an additional 466 shares during the period. Kera Capital Partners Inc. lifted its position in Bank OZK by 21.1% during the 2nd quarter. Kera Capital Partners Inc. now owns 7,029 shares of the company's stock worth $331,000 after acquiring an additional 1,224 shares during the period. Voya Investment Management LLC lifted its position in Bank OZK by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 13,282 shares of the company's stock worth $577,000 after acquiring an additional 374 shares during the period. Finally, Militia Capital Partners LP acquired a new stake in Bank OZK during the 1st quarter worth about $1,082,000. Hedge funds and other institutional investors own 86.18% of the company's stock.

Bank OZK Price Performance

OZK traded up $0.84 during trading on Tuesday, reaching $52.47. The company's stock had a trading volume of 49,842 shares, compared to its average volume of 1,142,120. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $51.04 and a two-hundred day simple moving average of $46.81. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.66. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 8.51 and a beta of 0.92.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.07. Bank OZK had a net margin of 25.83% and a return on equity of 13.24%. The business had revenue of $428.04 million for the quarter, compared to analyst estimates of $423.41 million. During the same period last year, the company posted $1.52 EPS. As a group, analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Friday, July 11th were paid a $0.44 dividend. This is a positive change from Bank OZK's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.76 dividend on an annualized basis and a yield of 3.4%. Bank OZK's dividend payout ratio is 28.57%.

Wall Street Analyst Weigh In

A number of brokerages have commented on OZK. Stephens raised Bank OZK from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $58.00 to $65.00 in a research report on Wednesday, August 20th. Wells Fargo & Company lifted their price target on Bank OZK from $48.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Finally, Raymond James Financial raised Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price target for the company in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Bank OZK has an average rating of "Hold" and a consensus price target of $54.25.

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.