11,405 Shares in Bank OZK $OZK Purchased by Cookson Peirce & Co. Inc.

Key Points

• Cookson Peirce & Co. Inc. has acquired a new position in Bank OZK, purchasing 11,405 shares valued at approximately $496,000.
• Bank OZK recently reported earnings of $1.58 per share, exceeding analyst expectations by $0.07, with total revenue of $428.04 million for the quarter.
• The bank has increased its quarterly dividend from $0.43 to $0.44, marking a yield of 3.6% and a payout ratio of 28.57%.

Cookson Peirce & Co. Inc. purchased a new stake in shares of Bank OZK (NASDAQ:OZK - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,405 shares of the company's stock, valued at approximately $496,000.

Several other large investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its stake in Bank OZK by 5.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,350,220 shares of the company's stock valued at $189,017,000 after buying an additional 220,214 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Bank OZK by 30.4% during the fourth quarter. First Trust Advisors LP now owns 2,945,480 shares of the company's stock valued at $131,162,000 after acquiring an additional 686,775 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Bank OZK by 12.6% during the fourth quarter. AQR Capital Management LLC now owns 2,811,354 shares of the company's stock valued at $125,190,000 after buying an additional 314,488 shares during the period. Captrust Financial Advisors grew its holdings in Bank OZK by 5.1% in the fourth quarter. Captrust Financial Advisors now owns 1,786,155 shares of the company's stock worth $79,537,000 after purchasing an additional 87,299 shares during the period. Finally, Bank of New York Mellon Corp grew 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 purchasing an additional 23,492 shares during the period. Institutional investors own 86.18% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OZK. Wells Fargo & Company increased their price objective on shares of Bank OZK from $48.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Stephens raised shares of Bank OZK from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $58.00 to $65.00 in a research note on Wednesday. Finally, 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 note on Tuesday, July 8th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Bank OZK presently has an average rating of "Hold" and a consensus price target of $54.25.

Bank OZK Trading Down 0.2%

Shares of Bank OZK stock traded down $0.1190 during trading on Thursday, hitting $49.9410. The stock had a trading volume of 70,748 shares, compared to its average volume of 1,179,834. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.64. The firm's fifty day simple moving average is $49.17 and its 200-day simple moving average is $46.41. The stock has a market cap of $5.68 billion, a PE ratio of 8.11 and a beta of 0.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.02.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.51 by $0.07. The firm had revenue of $428.04 million during the quarter, compared to analyst estimates of $423.41 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.24%. During the same quarter in the previous year, the business posted $1.52 EPS. As a group, sell-side analysts expect that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company 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. The ex-dividend date was Friday, July 11th. This is an increase from Bank OZK's previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 3.5%. Bank OZK's dividend payout ratio (DPR) is 28.57%.

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.