Mackenzie Financial Corp Boosts Holdings in Bank OZK (NASDAQ:OZK)

Mackenzie Financial Corp raised its holdings in shares of Bank OZK (NASDAQ:OZK - Free Report) by 143.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,318 shares of the company's stock after acquiring an additional 46,203 shares during the quarter. Mackenzie Financial Corp owned approximately 0.07% of Bank OZK worth $3,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of OZK. Barclays PLC lifted its stake in Bank OZK by 30.7% in the 3rd quarter. Barclays PLC now owns 254,874 shares of the company's stock worth $10,958,000 after purchasing an additional 59,907 shares in the last quarter. Rhumbline Advisers grew its holdings in Bank OZK by 1.6% during the 4th 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 last quarter. KBC Group NV grew its holdings in Bank OZK by 60.8% during the 4th quarter. KBC Group NV now owns 4,727 shares of the company's stock valued at $210,000 after purchasing an additional 1,788 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in 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 purchasing an additional 445 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Bank OZK by 1.3% during the 4th 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 last quarter. Hedge funds and other institutional investors own 86.18% of the company's stock.

Bank OZK Stock Down 0.7%

NASDAQ OZK traded down $0.31 during midday trading on Friday, hitting $44.40. 719,187 shares of the company traded hands, compared to its average volume of 1,296,959. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The company has a market cap of $5.04 billion, a PE ratio of 7.23 and a beta of 0.85. The company's 50-day simple moving average is $42.82 and its 200-day simple moving average is $45.78. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.64.

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

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were given a dividend of $0.43 per share. This is a boost from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.72 dividend on an annualized basis and a yield of 3.87%. Bank OZK's dividend payout ratio is presently 28.20%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OZK shares. Stephens cut their price target on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods dropped their target price on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley dropped their target price on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Finally, Wells Fargo & Company cut their price target on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Eight investment 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, the company presently has an average rating of "Hold" and a consensus 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.