Cetera Investment Advisers Purchases 6,281 Shares of Bank OZK (NASDAQ:OZK)

Cetera Investment Advisers raised its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 19.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,712 shares of the company's stock after purchasing an additional 6,281 shares during the quarter. Cetera Investment Advisers' holdings in Bank OZK were worth $1,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Bridgefront Capital LLC bought a new stake in shares of Bank OZK in the 4th quarter worth approximately $354,000. Captrust Financial Advisors lifted its holdings in shares of Bank OZK by 5.1% in the 4th quarter. Captrust Financial Advisors now owns 1,786,155 shares of the company's stock worth $79,537,000 after acquiring an additional 87,299 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Bank OZK by 22.9% in the 4th quarter. Baird Financial Group Inc. now owns 21,013 shares of the company's stock worth $936,000 after acquiring an additional 3,911 shares during the last quarter. Bayesian Capital Management LP lifted its holdings in shares of Bank OZK by 28.8% in the 4th quarter. Bayesian Capital Management LP now owns 7,283 shares of the company's stock worth $324,000 after acquiring an additional 1,627 shares during the last quarter. Finally, Black Maple Capital Management LP lifted its holdings in shares of Bank OZK by 315.5% in the 4th quarter. Black Maple Capital Management LP now owns 144,396 shares of the company's stock worth $6,430,000 after acquiring an additional 109,641 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on OZK shares. Morgan Stanley lowered their price objective 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 decreased 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. Keefe, Bruyette & Woods decreased their target price on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company decreased their target price on shares of 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $49.13.

Bank OZK Trading Down 0.6%

Bank OZK stock traded down $0.29 during mid-day trading on Monday, reaching $44.44. 608,636 shares of the company traded hands, compared to its average volume of 1,339,479. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The firm's 50 day moving average price is $42.82 and its 200 day moving average price is $45.86. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 7.24 and a beta of 0.85. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.64.

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

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date was Monday, April 14th. This is a boost from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's 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.