Fox Run Management L.L.C. Takes $623,000 Position in Bank OZK $OZK

Key Points

• Fox Run Management L.L.C. has invested $623,000 in Bank OZK, acquiring 14,346 shares of the bank's stock during the first quarter.
• Bank OZK announced a quarterly dividend of $0.44 per share, representing an increase from its previous dividend and equating to an annual yield of 3.6%.
• The company exceeded analyst expectations with its latest earnings report, posting $1.58 EPS against an estimated $1.51 EPS for the quarter.

Fox Run Management L.L.C. purchased a new position in Bank OZK (NASDAQ:OZK - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,346 shares of the company's stock, valued at approximately $623,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OZK. CX Institutional purchased a new position in Bank OZK in the 1st quarter worth approximately $30,000. Bruce G. Allen Investments LLC increased its position in shares of Bank OZK by 4,828.6% in the first quarter. Bruce G. Allen Investments LLC now owns 1,035 shares of the company's stock valued at $45,000 after acquiring an additional 1,014 shares during the period. UMB Bank n.a. raised its stake in shares of Bank OZK by 2,014.3% during the first quarter. UMB Bank n.a. now owns 1,480 shares of the company's stock valued at $64,000 after acquiring an additional 1,410 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Bank OZK by 12.8% in the first quarter. National Bank of Canada FI now owns 1,960 shares of the company's stock worth $85,000 after purchasing an additional 223 shares during the last quarter. Finally, Whipplewood Advisors LLC increased its holdings in Bank OZK by 1,052.0% during the 1st quarter. Whipplewood Advisors LLC now owns 1,993 shares of the company's stock valued at $87,000 after purchasing an additional 1,820 shares during the period. Institutional investors own 86.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on OZK shares. Stephens upgraded Bank OZK from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $58.00 to $65.00 in a research report on Wednesday. Wells Fargo & Company upped their target price on Bank OZK from $48.00 to $49.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Finally, Raymond James Financial raised 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. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $54.25.

Bank OZK Trading Up 4.3%

Shares of Bank OZK stock traded up $2.1410 during trading hours on Friday, reaching $52.0510. 219,481 shares of the company's stock were exchanged, compared to its average volume of 1,175,747. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.23. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.64. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 8.47 and a beta of 0.86. The company has a fifty day moving average of $49.26 and a 200-day moving average of $46.42.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.58 earnings per share (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 business had revenue of $428.04 million during the quarter, compared to analyst estimates of $423.41 million. During the same quarter last year, the firm earned $1.52 earnings per share. Sell-side analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Friday, July 11th were paid 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 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, July 11th. Bank OZK's dividend payout ratio (DPR) is presently 28.57%.

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.