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

Other hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of 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 buying an additional 1,086 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Bank OZK by 55.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 129,980 shares of the company's stock worth $5,639,000 after purchasing an additional 46,349 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Bank OZK by 2.1% in the first 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 in the last quarter. GAMMA Investing LLC grew its stake in Bank OZK by 5,021.2% in the first quarter. GAMMA Investing LLC now owns 243,668 shares of the company's stock worth $10,587,000 after purchasing an additional 238,910 shares in the last quarter. Finally, Deutsche Bank AG grew 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 worth $1,550,000 after purchasing an additional 455 shares in the last quarter. Institutional investors own 86.18% of the company's stock.

Bank OZK Stock Up 1.4%

Shares of Bank OZK stock traded up $0.65 during trading on Friday, reaching $48.05. The company's stock had a trading volume of 662,585 shares, compared to its average volume of 1,203,184. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 7.82 and a beta of 0.86. 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 $48.41 and a two-hundred day simple moving average of $46.50.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter last year, the firm earned $1.52 EPS. As a group, equities analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

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

Wall Street Analysts Forecast Growth

OZK has been the topic of several research analyst reports. 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. 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 research report on Tuesday, July 8th. Wells Fargo & Company increased their target price on Bank OZK from $48.00 to $49.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Finally, Keefe, Bruyette & Woods dropped 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. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $52.88.

Bank OZK Company 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.