QV Investors Inc. Has $8.07 Million Position in Bank OZK (NASDAQ:OZK)

QV Investors Inc. lifted its holdings in shares of Bank OZK (NASDAQ:OZK - Free Report) by 13.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 185,650 shares of the company's stock after acquiring an additional 22,060 shares during the period. QV Investors Inc. owned approximately 0.16% of Bank OZK worth $8,066,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Bank OZK during the 4th quarter valued at about $27,000. Kestra Investment Management LLC bought a new position in Bank OZK during the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC lifted its holdings in Bank OZK by 176.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock valued at $34,000 after purchasing an additional 486 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in Bank OZK by 81.3% during the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock valued at $42,000 after purchasing an additional 425 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Bank OZK during the 4th quarter valued at about $54,000. 86.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on OZK shares. Morgan Stanley cut their price target on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Stephens dropped their target price on shares of 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. Wells Fargo & Company dropped their target price on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of 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. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Bank OZK presently has a consensus rating of "Hold" and a consensus price target of $50.86.

Bank OZK Trading Up 0.5%

Shares of OZK traded up $0.22 on Thursday, reaching $44.77. 102,522 shares of the company's stock were exchanged, compared to its average volume of 1,281,674. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $5.08 billion, a P/E ratio of 7.29 and a beta of 0.85. The business has a 50 day moving average price of $42.82 and a two-hundred day moving average price of $45.73. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.64.

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 for the quarter, topping analysts' consensus estimates of $1.42 by $0.05. The business had revenue of $409.23 million during the quarter, compared to the consensus estimate of $403.05 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. During the same period in the previous year, the firm posted $1.51 earnings per share. 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 Monday, April 21st. Investors of record on Monday, April 14th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.84%. This is an increase from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, April 14th. Bank OZK's payout ratio is 28.20%.

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.