Aviance Capital Partners LLC boosted its stake in Bank OZK (NASDAQ:OZK - Free Report) by 118.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,559 shares of the company's stock after purchasing an additional 18,218 shares during the period. Aviance Capital Partners LLC's holdings in Bank OZK were worth $1,458,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in OZK. CX Institutional acquired a new stake in shares of Bank OZK during the first quarter valued at about $30,000. Smartleaf Asset Management LLC grew its stake in shares of Bank OZK by 176.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock valued at $34,000 after acquiring an additional 486 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in shares of Bank OZK by 4,828.6% during the first quarter. Bruce G. Allen Investments LLC now owns 1,035 shares of the company's stock valued at $45,000 after acquiring an additional 1,014 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Bank OZK during the fourth quarter valued at about $54,000. Finally, UMB Bank n.a. grew its stake in shares of Bank OZK by 2,014.3% during the first quarter. UMB Bank n.a. now owns 1,480 shares of the company's stock valued at $64,000 after acquiring an additional 1,410 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.
Bank OZK Stock Up 0.2%
NASDAQ:OZK traded up $0.09 during mid-day trading on Friday, reaching $51.04. The stock had a trading volume of 884,815 shares, compared to its average volume of 1,215,448. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 8.36 and a beta of 0.85. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.64. The stock's 50 day simple moving average is $45.60 and its two-hundred day simple moving average is $45.48. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.02 and a quick ratio of 1.02.
Bank OZK (NASDAQ:OZK - Get Free Report) last issued its 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. Bank OZK had a net margin of 25.66% and a return on equity of 13.46%. The firm had revenue of $409.23 million for the quarter, compared to analysts' expectations of $403.05 million. During the same quarter last year, the company posted $1.51 earnings per share. Equities 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 will be paid on Friday, July 18th. Shareholders of record on Friday, July 11th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.76 dividend on an annualized basis and a yield of 3.45%. This is a boost from Bank OZK's previous quarterly dividend of $0.43. Bank OZK's dividend payout ratio (DPR) is currently 28.20%.
Analyst Ratings Changes
Several analysts have recently weighed in on OZK shares. Morgan Stanley lowered their target price 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. Wells Fargo & Company lowered their target price on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods decreased their price target on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Finally, Stephens decreased their price target on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $50.86.
Check Out Our Latest Stock Analysis on Bank OZK
Bank OZK Company 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.
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