Artemis Investment Management LLP Raises Position in Bank OZK (NASDAQ:OZK)

Artemis Investment Management LLP raised its stake in Bank OZK (NASDAQ:OZK - Free Report) by 15.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,260 shares of the company's stock after buying an additional 13,087 shares during the period. Artemis Investment Management LLP owned 0.09% of Bank OZK worth $4,226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. CX Institutional acquired a new stake in shares of Bank OZK during the first quarter valued at about $30,000. Smartleaf Asset Management LLC boosted its position in 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 buying an additional 486 shares during the period. Bruce G. Allen Investments LLC boosted its position in 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 worth $45,000 after buying an additional 1,014 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Bank OZK during the 4th quarter worth approximately $54,000. Finally, UMB Bank n.a. increased its position in Bank OZK by 2,014.3% in the 1st 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. Institutional investors own 86.18% of the company's stock.

Bank OZK Stock Down 0.2%

NASDAQ:OZK traded down $0.10 during trading hours on Monday, reaching $47.06. The company had a trading volume of 495,097 shares, compared to its average volume of 1,218,226. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.14. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 7.71 and a beta of 0.85. The business's 50-day simple moving average is $44.94 and its two-hundred day simple moving average is $45.36.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its earnings results on Wednesday, April 16th. The company reported $1.47 EPS 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 during the quarter, compared to the consensus estimate of $403.05 million. During the same period last year, the business posted $1.51 EPS. On average, equities analysts expect that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were issued a $0.43 dividend. This is a boost from Bank OZK's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Monday, April 14th. Bank OZK's dividend payout ratio (DPR) is currently 28.20%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Morgan Stanley decreased their price objective on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. 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. Wells Fargo & Company cut their price objective on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods reduced their target price 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. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $50.86.

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.