Van Berkom & Associates Inc. Acquires 50,985 Shares of Bank OZK $OZK

Key Points

• Van Berkom & Associates increased its stake in Bank OZK by 2.8% in Q4, buying an additional 50,985 shares to hold 1,869,432 shares (about 1.67% of the company) valued at $86.03 million, making OZK roughly 2.5% of Van Berkom’s portfolio and its 16th largest position.
• Bank OZK reported April 21 earnings of $1.44 per share (missing estimates by $0.02) with revenue of $424.3 million (up 2.2% y/y); the bank has a market cap of $5.36 billion and a P/E of 7.8, with strong profitability metrics (net margin 25.27%, ROE 12.32%).
• The firm pays a quarterly dividend of $0.47 ($1.88 annualized) for a ~3.9% yield and 30.6% payout ratio, while analyst coverage is mixed with a consensus "Hold" rating and an average price target of $56.89 (5 Buy / 5 Hold / 1 Sell).

Van Berkom & Associates Inc. increased its position in Bank OZK (NASDAQ:OZK - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,869,432 shares of the company's stock after acquiring an additional 50,985 shares during the quarter. Bank OZK comprises about 2.5% of Van Berkom & Associates Inc.'s investment portfolio, making the stock its 16th biggest position. Van Berkom & Associates Inc. owned about 1.67% of Bank OZK worth $86,031,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of OZK. V Square Quantitative Management LLC bought a new position in Bank OZK in the 4th quarter worth $25,000. Root Financial Partners LLC bought a new position in Bank OZK in the 3rd quarter worth $27,000. BOKF NA bought a new position in Bank OZK in the 3rd quarter worth $27,000. True Wealth Design LLC raised its holdings in Bank OZK by 147.0% in the 3rd quarter. True Wealth Design LLC now owns 568 shares of the company's stock worth $29,000 after acquiring an additional 338 shares during the period. Finally, Quent Capital LLC bought a new position in Bank OZK in the 3rd quarter worth $35,000. Institutional investors own 86.18% of the company's stock.

Bank OZK Price Performance

Shares of Bank OZK stock opened at $47.90 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.00. The firm's 50-day simple moving average is $46.59 and its 200-day simple moving average is $46.79. Bank OZK has a twelve month low of $42.37 and a twelve month high of $53.66. The firm has a market cap of $5.36 billion, a P/E ratio of 7.80 and a beta of 0.91.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.02). Bank OZK had a net margin of 25.27% and a return on equity of 12.32%. The business had revenue of $424.32 million for the quarter, compared to analyst estimates of $422.62 million. During the same quarter last year, the firm posted $1.47 earnings per share. Bank OZK's revenue was up 2.2% on a year-over-year basis. As a group, research analysts expect that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 13th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, April 13th. Bank OZK's payout ratio is 30.62%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on OZK shares. Morgan Stanley lifted their target price on shares of Bank OZK from $57.00 to $61.00 and gave the stock an "equal weight" rating in a report on Monday, March 2nd. UBS Group started coverage on shares of Bank OZK in a report on Tuesday, April 7th. They issued a "neutral" rating and a $48.00 target price on the stock. Wells Fargo & Company lifted their target price on shares of Bank OZK from $48.00 to $50.00 and gave the stock an "equal weight" rating in a report on Monday, March 30th. Piper Sandler set a $62.00 target price on shares of Bank OZK in a report on Thursday, January 22nd. Finally, TD Cowen decreased their price target on shares of Bank OZK from $56.00 to $54.00 and set a "buy" rating on the stock in a research report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $56.89.

Bank OZK Company Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank's core operations focus on commercial real estate lending, including acquisition, development and construction financing.

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