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Koss Olinger Consulting LLC Acquires New Shares in Bank OZK (NASDAQ:OZK)

Bank OZK logo with Finance background

Key Points

  • Koss Olinger Consulting LLC acquired a new stake in Bank OZK, buying 11,800 shares valued at approximately $513,000 in the 1st quarter.
  • Bank OZK recently declared a quarterly dividend of $0.44 per share, increasing from the previous dividend of $0.43, resulting in an annualized yield of 3.7%.
  • Analyst ratings for Bank OZK include six "hold" ratings and two "buy" ratings, with an average price target of $52.88.
  • Want stock alerts on Bank OZK? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Koss Olinger Consulting LLC acquired a new stake in Bank OZK (NASDAQ:OZK - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,800 shares of the company's stock, valued at approximately $513,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wasatch Advisors LP raised its stake in Bank OZK by 19.3% during the 4th quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company's stock valued at $316,281,000 after buying an additional 1,149,880 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Bank OZK by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,350,220 shares of the company's stock valued at $189,017,000 after buying an additional 220,214 shares during the last quarter. First Trust Advisors LP raised its stake in Bank OZK by 30.4% during the 4th quarter. First Trust Advisors LP now owns 2,945,480 shares of the company's stock valued at $131,162,000 after buying an additional 686,775 shares during the last quarter. AQR Capital Management LLC raised its stake in Bank OZK by 12.6% during the 4th quarter. AQR Capital Management LLC now owns 2,811,354 shares of the company's stock valued at $125,190,000 after buying an additional 314,488 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of Bank OZK by 5.1% in the 4th quarter. Captrust Financial Advisors now owns 1,786,155 shares of the company's stock worth $79,537,000 after purchasing an additional 87,299 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their price objective on Bank OZK from $48.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Raymond James Financial upgraded Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price objective for the company in a research note on Tuesday, July 8th. Stephens reduced 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. Finally, Keefe, Bruyette & Woods reduced 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. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Bank OZK has an average rating of "Hold" and an average price target of $52.88.

View Our Latest Stock Report on Bank OZK

Bank OZK Trading Up 1.2%

Shares of OZK stock opened at $47.99 on Friday. 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 0.23, a quick ratio of 1.02 and a current ratio of 1.04. The firm has a market capitalization of $5.46 billion, a PE ratio of 7.79 and a beta of 0.86. The stock has a fifty day simple moving average of $48.48 and a two-hundred day simple moving average of $46.45.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.58 earnings per share (EPS) for the quarter, topping 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 in the prior year, the business posted $1.52 EPS. On average, analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Friday, July 11th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, July 11th. This is a boost from Bank OZK's previous quarterly dividend of $0.43. Bank OZK's dividend payout ratio (DPR) is currently 28.57%.

Bank OZK Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Bank OZK (NASDAQ:OZK)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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