Allspring Global Investments Holdings LLC Buys 46,349 Shares of Bank OZK (NASDAQ:OZK)

Allspring Global Investments Holdings LLC boosted its stake in Bank OZK (NASDAQ:OZK - Free Report) by 55.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,980 shares of the company's stock after purchasing an additional 46,349 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.11% of Bank OZK worth $5,639,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. CX Institutional bought a new stake in shares of Bank OZK during the 1st quarter valued at about $30,000. Smartleaf Asset Management LLC boosted its position 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 valued at $34,000 after acquiring an additional 486 shares during the last quarter. Bruce G. Allen Investments LLC boosted its position in shares of Bank OZK by 4,828.6% during the 1st 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 during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Bank OZK during the 4th quarter valued at about $54,000. Finally, UMB Bank n.a. raised its holdings in shares of Bank OZK by 2,014.3% during the 1st quarter. UMB Bank n.a. now owns 1,480 shares of the company's stock valued at $64,000 after buying an additional 1,410 shares in the last quarter. Institutional investors own 86.18% of the company's stock.

Bank OZK Stock Up 3.6%

Shares of NASDAQ OZK traded up $1.81 during mid-day trading on Tuesday, hitting $52.24. 816,888 shares of the stock traded hands, compared to its average volume of 1,212,771. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.02. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.64. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 8.56 and a beta of 0.85. The stock has a fifty day moving average price of $45.75 and a 200-day moving average price of $45.55.

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 for the quarter, beating the consensus estimate of $1.42 by $0.05. Bank OZK had a return on equity of 13.46% and a net margin of 25.66%. The company had revenue of $409.23 million for the quarter, compared to analyst estimates of $403.05 million. During the same period in the previous year, the company posted $1.51 earnings per share. Research analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Friday, July 11th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, July 11th. This is a positive change from Bank OZK's previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 3.37%. Bank OZK's payout ratio is currently 28.20%.

Analyst Ratings Changes

OZK has been the topic of a number of research reports. Wells Fargo & Company decreased their price objective on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Stephens decreased their price objective on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price objective on Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley decreased their price target on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Finally, Raymond James Financial raised Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price target on the stock in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Bank OZK has an average rating of "Hold" and a consensus target price of $51.75.

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.