Wealth Enhancement Advisory Services LLC Buys 10,229 Shares of Bank OZK (NASDAQ:OZK)

Wealth Enhancement Advisory Services LLC increased its position in Bank OZK (NASDAQ:OZK - Free Report) by 16.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,865 shares of the company's stock after acquiring an additional 10,229 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of Bank OZK worth $3,166,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OZK. CX Institutional purchased a new stake in shares of Bank OZK in the first quarter worth $30,000. Smartleaf Asset Management LLC boosted its holdings in Bank OZK by 176.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock worth $34,000 after buying an additional 486 shares during the period. Bruce G. Allen Investments LLC increased its stake in Bank OZK by 4,828.6% in the 1st 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 purchased a new stake in Bank OZK in the 4th quarter worth $54,000. Finally, UMB Bank n.a. raised its holdings 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 valued at $64,000 after acquiring an additional 1,410 shares during the period. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Price Performance

Shares of OZK traded up $1.82 during mid-day trading on Tuesday, hitting $48.88. 793,626 shares of the stock were exchanged, compared to its average volume of 1,216,702. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $5.55 billion, a PE ratio of 8.03 and a beta of 0.85. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.64. The firm has a 50-day moving average of $44.94 and a two-hundred day moving average of $45.36.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, beating 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 company had revenue of $409.23 million for the quarter, compared to the consensus estimate of $403.05 million. During the same quarter in the prior year, the firm earned $1.51 earnings per share. On average, equities analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on OZK shares. Keefe, Bruyette & Woods dropped their price objective 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. Morgan Stanley dropped their price target 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. Stephens reduced 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. Finally, Wells Fargo & Company lowered their target price on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $50.86.

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.