Bank OZK (NASDAQ:OZK) Position Boosted by Vest Financial LLC

Vest Financial LLC grew its holdings in shares of Bank OZK (NASDAQ:OZK - Free Report) by 29.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,990 shares of the company's stock after acquiring an additional 16,457 shares during the period. Vest Financial LLC owned about 0.06% of Bank OZK worth $3,128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of OZK. O Shaughnessy Asset Management LLC increased its holdings in Bank OZK by 1.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company's stock worth $498,000 after purchasing an additional 193 shares during the last quarter. Tidal Investments LLC grew its position in shares of Bank OZK by 1.0% during the fourth quarter. Tidal Investments LLC now owns 21,575 shares of the company's stock worth $961,000 after buying an additional 205 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Bank OZK by 0.5% in the fourth quarter. Bank of Montreal Can now owns 46,832 shares of the company's stock worth $2,085,000 after buying an additional 241 shares during the last quarter. Principal Securities Inc. raised its holdings in Bank OZK by 12.7% in the fourth quarter. Principal Securities Inc. now owns 2,509 shares of the company's stock valued at $112,000 after acquiring an additional 283 shares in the last quarter. Finally, Horrell Capital Management Inc. boosted its stake in Bank OZK by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 106,878 shares of the company's stock valued at $4,759,000 after acquiring an additional 304 shares during the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Performance

Shares of Bank OZK stock traded up $0.38 on Tuesday, reaching $46.38. 439,290 shares of the company were exchanged, compared to its average volume of 1,266,166. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 7.55 and a beta of 0.85. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The company's 50-day moving average is $43.08 and its two-hundred day moving average is $45.63.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted 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 net margin of 25.83% and a return on equity of 13.90%. The business had revenue of $409.23 million during the quarter, compared to analysts' expectations of $403.05 million. During the same period last year, the firm posted $1.51 earnings per share. As a group, research analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were paid a $0.43 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.72 dividend on an annualized basis and a yield of 3.71%. This is a boost from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio (DPR) is currently 28.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Stephens cut 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 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 on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company decreased their target price on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Finally, Morgan Stanley lowered their price target on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Bank OZK presently has an average rating of "Hold" and a consensus target price of $50.86.

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.