Integrated Advisors Network LLC Takes $1.58 Million Position in Bank OZK (NASDAQ:OZK)

Integrated Advisors Network LLC acquired a new position in Bank OZK (NASDAQ:OZK - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 36,441 shares of the company's stock, valued at approximately $1,583,000.

A number of other large investors have also added to or reduced their stakes in OZK. Kestra Investment Management LLC purchased a new position in Bank OZK during the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC raised its stake in Bank OZK by 176.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock valued at $34,000 after buying an additional 486 shares during the last quarter. V Square Quantitative Management LLC raised its stake in Bank OZK by 81.3% during the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock valued at $42,000 after buying an additional 425 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake 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 worth $45,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Bank OZK during the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 86.18% of the company's stock.

Analysts Set New Price Targets

OZK has been the subject of a number of research reports. Morgan Stanley reduced their price objective on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company cut their price target on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their price objective on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Finally, Stephens dropped their price objective on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Bank OZK currently has a consensus rating of "Hold" and an average price target of $50.86.

Bank OZK Trading Down 0.3%

OZK stock traded down $0.14 during midday trading on Thursday, reaching $45.58. 433,392 shares of the company traded hands, compared to its average volume of 1,258,174. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The business has a 50 day moving average of $43.38 and a 200-day moving average of $45.60. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 7.42 and a beta of 0.85.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm had revenue of $409.23 million for the quarter, compared to the consensus estimate of $403.05 million. During the same period in the prior year, the business posted $1.51 earnings per share. As a group, sell-side analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.77%. 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 dividend payout ratio (DPR) is 28.20%.

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.