Integrated Wealth Concepts LLC Invests $3.30 Million in Bank OZK (NASDAQ:OZK)

Integrated Wealth Concepts LLC purchased a new position in shares of Bank OZK (NASDAQ:OZK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 74,143 shares of the company's stock, valued at approximately $3,302,000. Integrated Wealth Concepts LLC owned approximately 0.07% of Bank OZK at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Bank OZK in the 4th quarter valued at $27,000. Kestra Investment Management LLC bought a new position in Bank OZK in the fourth quarter worth about $27,000. Smartleaf Asset Management LLC raised its holdings in Bank OZK by 176.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock worth $34,000 after purchasing an additional 486 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of Bank OZK by 81.3% during the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock valued at $42,000 after buying an additional 425 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Bank OZK in the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 86.18% of the company's stock.

Wall Street Analysts Forecast Growth

OZK has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Wells Fargo & Company lowered their price target 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. Stephens cut their price objective on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, April 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Bank OZK has an average rating of "Hold" and an average price target of $49.13.

Bank OZK Trading Up 2.4 %

OZK stock traded up $1.02 during midday trading on Friday, hitting $44.24. 340,719 shares of the company's stock were exchanged, compared to its average volume of 1,329,789. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.64. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $5.02 billion, a PE ratio of 7.21 and a beta of 1.05. The business has a 50-day simple moving average of $42.87 and a two-hundred day simple moving average of $45.80.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 earnings per share (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 firm had revenue of $409.23 million during the quarter, compared to the consensus estimate of $403.05 million. During the same period last year, the company earned $1.51 EPS. On average, sell-side analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Monday, April 14th. This is an increase from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio (DPR) is 28.20%.

Bank OZK 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.