Cwm LLC Increases Position in Bank OZK (NASDAQ:OZK)

CWM LLC raised its stake in Bank OZK (NASDAQ:OZK - Free Report) by 62.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,369 shares of the company's stock after acquiring an additional 17,412 shares during the quarter. CWM LLC's holdings in Bank OZK were worth $1,971,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of OZK. O Shaughnessy Asset Management LLC boosted its holdings in Bank OZK by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company's stock valued at $498,000 after purchasing an additional 193 shares during the period. Tidal Investments LLC boosted its holdings in Bank OZK by 1.0% in the 4th quarter. Tidal Investments LLC now owns 21,575 shares of the company's stock valued at $961,000 after purchasing an additional 205 shares during the period. Bank of Montreal Can raised its position in shares of 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 buying an additional 241 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Bank OZK by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 29,600 shares of the company's stock valued at $1,286,000 after buying an additional 300 shares in the last quarter. Finally, Horrell Capital Management Inc. raised its position in shares of 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 buying an additional 304 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on OZK shares. Stephens lowered their price objective on shares of 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. Wells Fargo & Company lifted their target price on shares of Bank OZK from $40.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Keefe, Bruyette & Woods decreased their target price on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Raymond James Financial upgraded shares of Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 target price on the stock in a research report on Tuesday, July 8th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $52.75.

Bank OZK Stock Up 0.1%

NASDAQ:OZK traded up $0.05 during mid-day trading on Friday, hitting $51.96. 1,752,185 shares of the company's stock were exchanged, compared to its average volume of 1,196,926. 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 company has a market cap of $5.91 billion, a PE ratio of 8.44 and a beta of 0.85. Bank OZK has a one year low of $35.71 and a one year high of $53.64. The business has a fifty day moving average price of $47.18 and a 200 day moving average price of $45.98.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.07. The business had revenue of $428.04 million during the quarter, compared to analysts' expectations of $423.41 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.37%. During the same period in the previous year, the company earned $1.52 earnings per share. Equities analysts predict that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.39%. This is a boost from Bank OZK's previous quarterly dividend of $0.43. The ex-dividend date was Friday, July 11th. Bank OZK's payout ratio is presently 28.57%.

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.