American National Bank & Trust Increases Position in Bank OZK (NASDAQ:OZK)

American National Bank & Trust boosted its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 830.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,111 shares of the company's stock after purchasing an additional 7,239 shares during the quarter. American National Bank & Trust's holdings in Bank OZK were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of OZK. O Shaughnessy Asset Management LLC boosted its position in Bank OZK by 1.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company's stock valued at $498,000 after acquiring an additional 193 shares in the last quarter. Tidal Investments LLC boosted its position in Bank OZK by 1.0% during the 4th quarter. Tidal Investments LLC now owns 21,575 shares of the company's stock valued at $961,000 after acquiring an additional 205 shares in the last quarter. Bank of Montreal Can boosted its position in Bank OZK by 0.5% during the 4th quarter. Bank of Montreal Can now owns 46,832 shares of the company's stock valued at $2,085,000 after acquiring an additional 241 shares in the last quarter. Principal Securities Inc. boosted its position in Bank OZK by 12.7% during the 4th quarter. Principal Securities Inc. now owns 2,509 shares of the company's stock valued at $112,000 after acquiring an additional 283 shares in the last quarter. Finally, Horrell Capital Management Inc. boosted its position in Bank OZK by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 106,878 shares of the company's stock valued at $4,759,000 after acquiring an additional 304 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on OZK shares. Stephens lowered their price objective on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Wells Fargo & Company lowered their price target on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods lowered their price target on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Finally, Morgan Stanley reduced their price objective on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $50.86.

Bank OZK Price Performance

Shares of Bank OZK stock traded down $0.04 on Thursday, hitting $44.51. The company's stock had a trading volume of 439,723 shares, compared to its average volume of 1,281,966. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.64. The firm has a fifty day moving average price of $42.84 and a 200-day moving average price of $45.70. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 7.25 and a beta of 0.85.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $409.23 million during the quarter, compared to analyst estimates of $403.05 million. During the same period in the previous year, the business earned $1.51 EPS. As a group, sell-side analysts anticipate that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were issued a $0.43 dividend. The ex-dividend date of this dividend was Monday, April 14th. This is a boost from Bank OZK's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 3.86%. Bank OZK's dividend payout ratio is currently 28.20%.

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.