Nisa Investment Advisors LLC Purchases 5,478 Shares of Bank OZK (NASDAQ:OZK)

Nisa Investment Advisors LLC lifted its position in Bank OZK (NASDAQ:OZK - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,869 shares of the company's stock after acquiring an additional 5,478 shares during the quarter. Nisa Investment Advisors LLC's holdings in Bank OZK were worth $2,080,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its holdings in shares of Bank OZK by 1.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company's stock worth $498,000 after acquiring an additional 193 shares during the period. Tidal Investments LLC raised its holdings in Bank OZK by 1.0% during the fourth quarter. Tidal Investments LLC now owns 21,575 shares of the company's stock valued at $961,000 after buying an additional 205 shares in the last quarter. Bank of Montreal Can grew its position in Bank OZK by 0.5% during the fourth quarter. Bank of Montreal Can now owns 46,832 shares of the company's stock worth $2,085,000 after buying an additional 241 shares in the last quarter. Horrell Capital Management Inc. lifted its position in Bank OZK by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 106,878 shares of the company's stock worth $4,759,000 after buying an additional 304 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Bank OZK by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 12,359 shares of the company's stock valued at $536,000 after acquiring an additional 330 shares during the period. 86.18% of the stock is owned by institutional investors.

Bank OZK Stock Performance

NASDAQ:OZK traded up $0.66 during mid-day trading on Wednesday, reaching $51.37. 526,596 shares of the stock were exchanged, compared to its average volume of 1,208,423. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.64. The company has a 50 day simple moving average of $46.74 and a 200-day simple moving average of $45.83. 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 stock has a market capitalization of $5.84 billion, a P/E ratio of 8.42 and a beta of 0.85.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.05. Bank OZK had a return on equity of 13.46% and a net margin of 25.66%. The firm had revenue of $409.23 million during the quarter, compared to the consensus estimate of $403.05 million. During the same quarter in the previous year, the business earned $1.51 earnings per share. Analysts anticipate that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Friday, July 11th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.43%. This is an increase from Bank OZK's previous quarterly dividend of $0.43. The ex-dividend date is Friday, July 11th. Bank OZK's dividend payout ratio is presently 28.85%.

Analysts Set New Price Targets

OZK has been the subject of several research reports. Raymond James Financial upgraded 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. Keefe, Bruyette & Woods cut their target price on 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 decreased 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. Finally, Wells Fargo & Company upped their target price 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. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Bank OZK currently has a consensus rating of "Hold" and an average target price of $52.75.

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.