Integrated Advisors Network LLC Buys New Stake in Bank OZK (NASDAQ:OZK)

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

Several other hedge funds have also made changes to their positions in OZK. Rhumbline Advisers lifted its position in Bank OZK by 1.6% in the fourth quarter. Rhumbline Advisers now owns 342,417 shares of the company's stock valued at $15,248,000 after purchasing an additional 5,538 shares during the period. Deutsche Bank AG lifted its position in Bank OZK by 1.3% in the fourth quarter. Deutsche Bank AG now owns 34,815 shares of the company's stock valued at $1,550,000 after purchasing an additional 455 shares during the period. GAMMA Investing LLC lifted its position in Bank OZK by 5,021.2% in the first quarter. GAMMA Investing LLC now owns 243,668 shares of the company's stock valued at $10,587,000 after purchasing an additional 238,910 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Bank OZK by 8.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,832 shares of the company's stock valued at $260,000 after acquiring an additional 445 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Bank OZK by 176.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock valued at $34,000 after acquiring an additional 486 shares during the period. Institutional investors and hedge funds own 86.18% of the company's stock.

Bank OZK Trading Down 2.0%

Shares of OZK traded down $0.90 during mid-day trading on Friday, reaching $44.68. The company had a trading volume of 600,808 shares, compared to its average volume of 1,255,742. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 7.28 and a beta of 0.85. The firm has a fifty day simple moving average of $43.52 and a 200-day simple moving average of $45.50. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.64. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

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

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date was Monday, April 14th. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio (DPR) is 28.20%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OZK. Keefe, Bruyette & Woods reduced their price target 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 objective on shares of 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. Morgan Stanley lowered their target price on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Finally, Wells Fargo & Company lowered their target price on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $50.86.

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.