Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 8,606 Bank OZK (NASDAQ:OZK)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 8,606 shares of Bank OZK for approximately $374,000 during the first quarter.
• Bank OZK reported $1.58 earnings per share (EPS), exceeding analysts' expectations of $1.51, and had a revenue of $428.04 million for the quarter.
• The company recently increased its quarterly dividend to $0.44 per share, representing a 3.7% yield based on an annual dividend of $1.76.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Bank OZK (NASDAQ:OZK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,606 shares of the company's stock, valued at approximately $374,000.

Several other large investors also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its stake in Bank OZK by 4.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,693 shares of the company's stock valued at $1,029,000 after purchasing an additional 1,086 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Bank OZK by 55.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 129,980 shares of the company's stock valued at $5,639,000 after purchasing an additional 46,349 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Bank OZK by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,127,576 shares of the company's stock worth $48,993,000 after purchasing an additional 23,492 shares during the last quarter. GAMMA Investing LLC grew its stake in Bank OZK by 5,021.2% during the 1st quarter. GAMMA Investing LLC now owns 243,668 shares of the company's stock worth $10,587,000 after buying an additional 238,910 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Bank OZK by 1.3% in the fourth quarter. Deutsche Bank AG now owns 34,815 shares of the company's stock valued at $1,550,000 after buying an additional 455 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Price Performance

OZK traded down $0.74 during midday trading on Wednesday, hitting $47.95. The company had a trading volume of 814,481 shares, compared to its average volume of 1,179,898. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.64. The firm's 50-day simple moving average is $48.29 and its 200-day simple moving average is $46.51. The company has a market capitalization of $5.45 billion, a PE ratio of 7.78 and a beta of 0.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.04.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.07. The firm had revenue of $428.04 million during the quarter, compared to analysts' expectations of $423.41 million. Bank OZK had a return on equity of 13.24% and a net margin of 25.83%. During the same period in the previous year, the business posted $1.52 EPS. Equities research analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Friday, July 11th were given a $0.44 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.7%. This is an increase from Bank OZK's previous quarterly dividend of $0.43. Bank OZK's dividend payout ratio is currently 28.57%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Raymond James Financial raised 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. Stephens dropped 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 cut their price objective on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company lifted their target price on Bank OZK from $48.00 to $49.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $52.88.

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.