Bank OZK (NASDAQ:OZK) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Bank OZK (NASDAQ:OZK - Free Report) by 6.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 143,400 shares of the company's stock after purchasing an additional 8,261 shares during the quarter. Envestnet Asset Management Inc. owned 0.13% of Bank OZK worth $6,231,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OZK. CX Institutional bought a new position in Bank OZK in the 1st quarter worth $30,000. Bruce G. Allen Investments LLC raised its stake in Bank OZK by 4,828.6% in 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 bought a new position in Bank OZK in the fourth quarter worth about $54,000. UMB Bank n.a. raised its stake in Bank OZK by 2,014.3% in the first quarter. UMB Bank n.a. now owns 1,480 shares of the company's stock worth $64,000 after buying an additional 1,410 shares in the last quarter. Finally, Whipplewood Advisors LLC raised its position in shares of Bank OZK by 1,052.0% in the 1st quarter. Whipplewood Advisors LLC now owns 1,993 shares of the company's stock worth $87,000 after acquiring an additional 1,820 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Stock Down 1.1%

OZK stock traded down $0.57 during midday trading on Friday, reaching $51.50. 1,083,010 shares of the company were exchanged, compared to its average volume of 1,151,419. The stock's 50-day simple moving average is $47.73 and its 200 day simple moving average is $46.28. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 8.36 and a beta of 0.85.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.51 by $0.07. The company had revenue of $428.04 million for the quarter, compared to analyst estimates of $423.41 million. Bank OZK had a return on equity of 13.24% and a net margin of 25.83%. During the same quarter in the previous year, the company posted $1.52 earnings per share. On average, equities analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 11th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.42%. This is a positive change from Bank OZK's previous quarterly dividend of $0.43. The ex-dividend date was Friday, July 11th. Bank OZK's payout ratio is 28.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on OZK shares. Raymond James Financial raised shares of Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 target price for the company in a research report on Tuesday, July 8th. Wells Fargo & Company boosted their price target on Bank OZK from $48.00 to $49.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Stephens cut 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. Finally, Keefe, Bruyette & Woods cut 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. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Bank OZK has an average rating of "Hold" and a consensus price target of $52.88.

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.