D.A. Davidson & CO. Purchases New Shares in Bank OZK (NASDAQ:OZK)

D.A. Davidson & CO. bought a new position in Bank OZK (NASDAQ:OZK - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,330 shares of the company's stock, valued at approximately $232,000.

Several other large investors have also bought and sold shares of OZK. Wasatch Advisors LP grew its stake in shares of Bank OZK by 19.3% in the fourth quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company's stock worth $316,281,000 after acquiring an additional 1,149,880 shares during the period. First Trust Advisors LP grew its stake in shares of Bank OZK by 30.4% in the fourth quarter. First Trust Advisors LP now owns 2,945,480 shares of the company's stock worth $131,162,000 after acquiring an additional 686,775 shares during the period. AQR Capital Management LLC grew its stake in shares of Bank OZK by 12.6% in the fourth quarter. AQR Capital Management LLC now owns 2,811,354 shares of the company's stock worth $125,190,000 after acquiring an additional 314,488 shares during the period. American Century Companies Inc. grew its stake in shares of Bank OZK by 12.3% in the fourth quarter. American Century Companies Inc. now owns 2,176,997 shares of the company's stock worth $96,942,000 after acquiring an additional 238,810 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Bank OZK by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,038,463 shares of the company's stock worth $90,798,000 after acquiring an additional 15,484 shares during the period. 86.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OZK. Raymond James Financial upgraded 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. Keefe, Bruyette & Woods cut their target price on shares of 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. Stephens dropped their price target on shares of 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. Finally, Wells Fargo & Company upped their price target on shares of Bank OZK from $40.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $52.75.

Bank OZK Stock Down 3.5%

Shares of OZK stock traded down $1.82 during mid-day trading on Tuesday, hitting $50.73. 726,345 shares of the stock traded hands, compared to its average volume of 1,212,364. The stock has a market cap of $5.77 billion, a P/E ratio of 8.32 and a beta of 0.85. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.02 and a quick ratio of 1.02. The stock's fifty day moving average is $46.43 and its two-hundred day moving average is $45.74. 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 announced its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.42 by $0.05. Bank OZK had a net margin of 25.66% and a return on equity of 13.46%. The firm had revenue of $409.23 million during the quarter, compared to analyst estimates of $403.05 million. During the same period last year, the firm posted $1.51 EPS. Equities analysts predict that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Friday, July 11th will be paid a dividend of $0.44 per share. This is a boost from Bank OZK's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.47%. Bank OZK's dividend payout ratio (DPR) is presently 28.85%.

About Bank OZK

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.