JPMorgan Chase & Co. Has $14.57 Million Stock Holdings in Bank OZK $OZK

Key Points

• JPMorgan Chase increased its stake in Bank OZK by 21.8% in Q3 to 285,876 shares, now worth about $14.57 million (roughly 0.26% ownership).
• Bank OZK raised its quarterly dividend to $0.46 (annualized $1.84), implying a 4.1% yield and a payout ratio near 29.8%.
• Analyst sentiment is a consensus Hold with an average price target of $57.22; the company slightly missed last quarter's EPS (reported $1.53 vs. $1.56 expected).

JPMorgan Chase & Co. lifted its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 21.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 285,876 shares of the company's stock after purchasing an additional 51,171 shares during the quarter. JPMorgan Chase & Co. owned 0.26% of Bank OZK worth $14,574,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Royal Bank of Canada grew its stake in Bank OZK by 37.8% during the first quarter. Royal Bank of Canada now owns 41,257 shares of the company's stock worth $1,792,000 after buying an additional 11,310 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Bank OZK by 14.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,690 shares of the company's stock worth $2,029,000 after acquiring an additional 5,717 shares during the period. Empowered Funds LLC lifted its holdings in shares of Bank OZK by 1.8% during the 1st quarter. Empowered Funds LLC now owns 60,037 shares of the company's stock worth $2,609,000 after acquiring an additional 1,058 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Bank OZK by 8.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 349,749 shares of the company's stock worth $15,197,000 after acquiring an additional 26,676 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in shares of Bank OZK by 11.0% during the 1st quarter. Focus Partners Wealth now owns 17,711 shares of the company's stock worth $770,000 after acquiring an additional 1,756 shares in the last quarter. Institutional investors own 86.18% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Zacks Research upgraded shares of Bank OZK from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 7th. Morgan Stanley raised their target price on Bank OZK from $57.00 to $61.00 and gave the company an "equal weight" rating in a report on Monday, March 2nd. Stephens lowered their price target on Bank OZK from $64.00 to $62.00 and set an "overweight" rating for the company in a report on Thursday, January 22nd. Piper Sandler set a $62.00 price objective on Bank OZK in a research report on Thursday, January 22nd. Finally, UBS Group reaffirmed a "neutral" rating and issued a $51.00 price objective on shares of Bank OZK in a research note on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $57.22.

Bank OZK Stock Performance

NASDAQ:OZK opened at $45.41 on Friday. The stock has a market cap of $5.08 billion, a P/E ratio of 7.36 and a beta of 0.93. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.08. The stock's 50-day moving average is $47.22 and its 200-day moving average is $47.59. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings data on Tuesday, January 20th. The company reported $1.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.03). Bank OZK had a net margin of 25.50% and a return on equity of 12.65%. The business had revenue of $436.29 million during the quarter, compared to the consensus estimate of $434.68 million. During the same quarter last year, the business earned $1.56 EPS. Equities research analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 13th were given a $0.46 dividend. This is an increase from Bank OZK's previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, January 13th. This represents a $1.84 annualized dividend and a yield of 4.1%. Bank OZK's dividend payout ratio is currently 29.82%.

About Bank OZK

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank's core operations focus on commercial real estate lending, including acquisition, development and construction financing.

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