BTC Capital Management Inc. Buys 5,880 Shares of Bank OZK (NASDAQ:OZK)

BTC Capital Management Inc. lifted its stake in Bank OZK (NASDAQ:OZK - Free Report) by 55.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,527 shares of the company's stock after buying an additional 5,880 shares during the period. BTC Capital Management Inc.'s holdings in Bank OZK were worth $718,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Bank OZK by 30.7% in the third quarter. Barclays PLC now owns 254,874 shares of the company's stock valued at $10,958,000 after buying an additional 59,907 shares during the period. Rhumbline Advisers grew its stake in shares of Bank OZK by 1.6% in the fourth quarter. Rhumbline Advisers now owns 342,417 shares of the company's stock valued at $15,248,000 after buying an additional 5,538 shares in the last quarter. KBC Group NV increased its position in Bank OZK by 60.8% during the fourth quarter. KBC Group NV now owns 4,727 shares of the company's stock worth $210,000 after buying an additional 1,788 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Bank OZK by 1.3% in the fourth quarter. Deutsche Bank AG now owns 34,815 shares of the company's stock valued at $1,550,000 after purchasing an additional 455 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Bank OZK by 8.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,832 shares of the company's stock worth $260,000 after purchasing an additional 445 shares during the period. 86.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

OZK has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their target price on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley lowered their price target on shares of 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 cut their target price on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods dropped their price target 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. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $50.86.

Bank OZK Stock Up 2.2%

OZK stock traded up $0.97 during trading on Tuesday, reaching $45.05. The stock had a trading volume of 719,837 shares, compared to its average volume of 1,292,617. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 7.34 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 company's 50 day moving average is $42.80 and its two-hundred day moving average is $45.74.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.05. The firm had revenue of $409.23 million for the quarter, compared to the consensus estimate of $403.05 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. During the same quarter in the previous year, the business earned $1.51 EPS. Equities research analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date was Monday, April 14th. This is an increase from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio is 28.20%.

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.