Wealth Enhancement Advisory Services LLC Purchases 6,725 Shares of Bank OZK (NASDAQ:OZK)

Wealth Enhancement Advisory Services LLC grew its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 12.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 62,636 shares of the company's stock after buying an additional 6,725 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.06% of Bank OZK worth $2,789,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in OZK. KBC Group NV lifted its position in Bank OZK by 60.8% in the fourth quarter. KBC Group NV now owns 4,727 shares of the company's stock worth $210,000 after purchasing an additional 1,788 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Bank OZK by 18.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,375 shares of the company's stock valued at $3,404,000 after buying an additional 12,048 shares in the last quarter. Money Concepts Capital Corp lifted its holdings in shares of Bank OZK by 1.4% during the 4th quarter. Money Concepts Capital Corp now owns 70,586 shares of the company's stock worth $3,143,000 after acquiring an additional 944 shares during the period. Choreo LLC acquired a new stake in shares of Bank OZK during the 4th quarter valued at about $277,000. Finally, Strategic Financial Concepts LLC bought a new stake in Bank OZK in the fourth quarter valued at about $545,000. Institutional investors own 86.18% of the company's stock.

Bank OZK Price Performance

Shares of OZK traded up $1.37 on Friday, hitting $45.88. The company's stock had a trading volume of 696,284 shares, compared to its average volume of 1,279,632. The company has a market capitalization of $5.21 billion, a PE ratio of 7.47 and a beta of 0.85. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.64. The company has a 50 day moving average price of $42.84 and a 200 day moving average price of $45.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $403.05 million. During the same quarter in the previous year, the firm earned $1.51 earnings per share. On average, research analysts anticipate 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 given a dividend of $0.43 per share. This is an increase from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.72 annualized dividend and a yield of 3.75%. Bank OZK's dividend payout ratio is 28.20%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on OZK shares. Keefe, Bruyette & Woods cut their price target on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Stephens dropped their target price on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Wells Fargo & Company cut 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 on the stock in a research report on Thursday, March 13th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $50.86.

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.