Stephens Inc. AR decreased its stake in Bank OZK (NASDAQ:OZK - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,664 shares of the company's stock after selling 6,522 shares during the period. Stephens Inc. AR owned 0.06% of Bank OZK worth $2,983,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in OZK. CX Institutional purchased a new position in shares of Bank OZK in the first quarter worth about $30,000. Bruce G. Allen Investments LLC increased its stake in shares of 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 worth $45,000 after purchasing an additional 1,014 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Bank OZK in the fourth quarter worth about $54,000. UMB Bank n.a. increased its stake in shares of Bank OZK by 2,014.3% in the first quarter. UMB Bank n.a. now owns 1,480 shares of the company's stock worth $64,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Whipplewood Advisors LLC increased its stake in shares of Bank OZK by 1,052.0% in the first quarter. Whipplewood Advisors LLC now owns 1,993 shares of the company's stock worth $87,000 after purchasing an additional 1,820 shares in the last quarter. Institutional investors own 86.18% of the company's stock.
Bank OZK Stock Down 3.5%
NASDAQ:OZK opened at $50.71 on Wednesday. The firm has a market cap of $5.77 billion, a P/E ratio of 8.31 and a beta of 0.85. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.02. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.64. The firm has a 50-day simple moving average of $46.74 and a two-hundred day simple moving average of $45.83.
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 company had revenue of $409.23 million during the quarter, compared to analyst estimates of $403.05 million. Bank OZK had a net margin of 25.66% and a return on equity of 13.46%. During the same period in the previous year, the business posted $1.51 earnings per share. Analysts predict that Bank OZK will post 6.02 earnings per share for the current fiscal year.
Bank OZK Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Friday, July 11th will be given a $0.44 dividend. This is a positive change from Bank OZK's previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, July 11th. Bank OZK's dividend payout ratio is presently 28.85%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Raymond James Financial raised shares of Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 target price on the stock in a report on Tuesday, July 8th. Wells Fargo & Company upped their target price on shares of Bank OZK from $40.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Stephens decreased their target price 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. Finally, Keefe, Bruyette & Woods decreased 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 report on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $52.75.
Read Our Latest Report on Bank OZK
Bank OZK 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.
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