Bank OZK (NASDAQ:OZK) Shares Acquired by Aviance Capital Partners LLC

Aviance Capital Partners LLC lifted its position in Bank OZK (NASDAQ:OZK - Free Report) by 118.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,559 shares of the company's stock after purchasing an additional 18,218 shares during the quarter. Aviance Capital Partners LLC's holdings in Bank OZK were worth $1,458,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. CX Institutional acquired a new position in Bank OZK during the first quarter worth $30,000. Smartleaf Asset Management LLC boosted its stake in shares of Bank OZK by 176.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock worth $34,000 after purchasing an additional 486 shares during the last quarter. Bruce G. Allen Investments LLC grew its holdings 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 worth $45,000 after buying an additional 1,014 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Bank OZK in the fourth quarter valued at approximately $54,000. Finally, UMB Bank n.a. boosted its position in Bank OZK by 2,014.3% during the first quarter. UMB Bank n.a. now owns 1,480 shares of the company's stock worth $64,000 after acquiring an additional 1,410 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Stephens reduced their price target on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Morgan Stanley lowered their price objective on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Keefe, Bruyette & Woods lowered their price objective 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, Wells Fargo & Company lowered their price objective 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. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $50.86.

Bank OZK Trading Down 1.1%

OZK stock traded down $0.57 during trading on Monday, reaching $50.43. 1,184,988 shares of the stock traded hands, compared to its average volume of 1,214,049. The business's 50 day moving average price is $45.60 and its 200-day moving average price is $45.50. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.64. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $5.74 billion, a PE ratio of 8.27 and a beta of 0.85.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.05. The company had revenue of $409.23 million for the quarter, compared to analysts' expectations of $403.05 million. Bank OZK had a return on equity of 13.46% and a net margin of 25.66%. During the same quarter in the previous year, the firm posted $1.51 earnings per share. As a group, sell-side analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Friday, July 11th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, July 11th. This is a boost from Bank OZK's previous quarterly dividend of $0.43. Bank OZK's 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.