Cerity Partners LLC Has $3.63 Million Stock Position in Bank OZK (NASDAQ:OZK)

Cerity Partners LLC raised its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 37.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,458 shares of the company's stock after acquiring an additional 22,868 shares during the quarter. Cerity Partners LLC owned 0.07% of Bank OZK worth $3,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of OZK. Cambridge Investment Research Advisors Inc. increased its holdings in Bank OZK by 4.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,693 shares of the company's stock worth $1,029,000 after buying an additional 1,086 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Bank OZK by 55.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 129,980 shares of the company's stock worth $5,639,000 after buying an additional 46,349 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Bank OZK by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 1,127,576 shares of the company's stock worth $48,993,000 after buying an additional 23,492 shares during the last quarter. GAMMA Investing LLC increased its holdings in Bank OZK by 5,021.2% in the first quarter. GAMMA Investing LLC now owns 243,668 shares of the company's stock worth $10,587,000 after buying an additional 238,910 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in Bank OZK by 1.3% in the fourth quarter. Deutsche Bank AG now owns 34,815 shares of the company's stock worth $1,550,000 after buying an additional 455 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Stock Performance

Shares of OZK stock traded down $0.19 during trading on Monday, reaching $51.77. 1,401,626 shares of the company's stock were exchanged, compared to its average volume of 1,197,744. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $5.89 billion, a PE ratio of 8.40 and a beta of 0.85. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.64. The firm's fifty day moving average price is $47.18 and its 200-day moving average price is $46.00.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.07. Bank OZK had a return on equity of 13.24% and a net margin of 25.83%. The firm had revenue of $428.04 million for the quarter, compared to analyst estimates of $423.41 million. During the same period in the prior year, the firm posted $1.52 EPS. As a group, sell-side analysts anticipate 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 Friday, July 18th. Investors of record on Friday, July 11th were given a dividend of $0.44 per share. This is an increase from Bank OZK's previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Friday, July 11th. Bank OZK's dividend payout ratio is currently 28.57%.

Wall Street Analyst Weigh In

OZK has been the subject of several research reports. Keefe, Bruyette & Woods reduced their price objective on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company increased their price objective on Bank OZK from $48.00 to $49.00 and gave the company an "equal weight" rating in a research report on Monday. Raymond James Financial raised Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price objective for the company in a research report on Tuesday, July 8th. Finally, Stephens reduced their price objective on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.