UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 24,851 Shares of Bank OZK (NASDAQ:OZK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Bank OZK (NASDAQ:OZK - Free Report) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 323,073 shares of the company's stock after purchasing an additional 24,851 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of Bank OZK worth $14,386,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of OZK. Migdal Insurance & Financial Holdings Ltd. bought a new position in Bank OZK in the 4th quarter valued at about $27,000. Kestra Investment Management LLC acquired a new stake in shares of Bank OZK during the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC increased its stake in Bank OZK by 176.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock valued at $34,000 after acquiring an additional 486 shares during the last quarter. V Square Quantitative Management LLC increased its stake in Bank OZK by 81.3% in the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock valued at $42,000 after acquiring an additional 425 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Bank OZK during the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 86.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley reduced their target price on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Stephens reduced their price objective on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Keefe, Bruyette & Woods decreased their target price on Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Finally, 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 report on Wednesday, April 9th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $50.86.

Bank OZK Price Performance

OZK traded up $0.59 on Tuesday, reaching $44.67. The stock had a trading volume of 117,816 shares, compared to its average volume of 1,290,289. The firm has a 50-day moving average of $42.80 and a 200-day moving average of $45.74. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.64. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 7.28 and a beta of 0.85. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings data 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. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $409.23 million during the quarter, compared to the consensus estimate of $403.05 million. During the same quarter in the prior year, the firm posted $1.51 earnings per share. As a group, sell-side analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were paid a dividend of $0.43 per share. The ex-dividend date was Monday, April 14th. This represents a $1.72 annualized dividend and a dividend yield of 3.85%. This is an increase from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio (DPR) is presently 28.20%.

About Bank OZK

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.