Nisa Investment Advisors LLC Has $2.08 Million Position in Bank OZK (NASDAQ:OZK)

Nisa Investment Advisors LLC lifted its holdings in shares of Bank OZK (NASDAQ:OZK - Free Report) by 12.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,869 shares of the company's stock after acquiring an additional 5,478 shares during the period. Nisa Investment Advisors LLC's holdings in Bank OZK were worth $2,080,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. CX Institutional acquired a new stake in Bank OZK in the first quarter valued at $30,000. Bruce G. Allen Investments LLC lifted its holdings in 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 valued at $45,000 after acquiring an additional 1,014 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Bank OZK in the fourth quarter valued at $54,000. UMB Bank n.a. lifted its holdings in Bank OZK by 2,014.3% in the first quarter. UMB Bank n.a. now owns 1,480 shares of the company's stock valued at $64,000 after acquiring an additional 1,410 shares during the period. Finally, Whipplewood Advisors LLC lifted its holdings in Bank OZK by 1,052.0% in the first quarter. Whipplewood Advisors LLC now owns 1,993 shares of the company's stock valued at $87,000 after acquiring an additional 1,820 shares during the period. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Stock Performance

NASDAQ OZK traded up $0.74 during trading hours on Thursday, hitting $51.91. The company had a trading volume of 1,852,906 shares, compared to its average volume of 1,205,910. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $47.03 and a 200-day simple moving average of $45.92. The firm has a market cap of $5.90 billion, a P/E ratio of 8.51 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 EPS 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 return on equity of 13.46% and a net margin of 25.66%. During the same period last year, the company earned $1.51 earnings per share. Equities analysts predict that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Friday, July 11th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.39%. This is a boost from Bank OZK's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, July 11th. Bank OZK's dividend payout ratio is currently 28.85%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods cut their price target 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. Raymond James Financial raised Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price target for the company in a research note on Tuesday, July 8th. Wells Fargo & Company lifted their price target on Bank OZK from $40.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Finally, Stephens cut their price target 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. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Bank OZK presently has a consensus rating of "Hold" and an average target price of $52.75.

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.