Bank OZK Acquires New Shares in Bank OZK (NASDAQ:OZK)

Bank OZK bought a new position in Bank OZK (NASDAQ:OZK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 119,973 shares of the company's stock, valued at approximately $5,978,000. Bank OZK accounts for 2.9% of Bank OZK's investment portfolio, making the stock its 4th biggest holding. Bank OZK owned approximately 0.11% of Bank OZK at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OZK. National Bank of Canada FI lifted its holdings in shares of Bank OZK by 17.9% during the third quarter. National Bank of Canada FI now owns 4,790 shares of the company's stock valued at $173,000 after acquiring an additional 727 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Bank OZK by 394.9% during the third quarter. SG Americas Securities LLC now owns 32,621 shares of the company's stock valued at $1,209,000 after acquiring an additional 26,030 shares during the period. KG&L Capital Management LLC bought a new position in shares of Bank OZK during the third quarter valued at $213,000. Copeland Capital Management LLC lifted its holdings in shares of Bank OZK by 0.4% during the third quarter. Copeland Capital Management LLC now owns 1,858,468 shares of the company's stock valued at $68,893,000 after acquiring an additional 7,039 shares during the period. Finally, QV Investors Inc. lifted its holdings in shares of Bank OZK by 17.3% during the third quarter. QV Investors Inc. now owns 215,870 shares of the company's stock valued at $8,002,000 after acquiring an additional 31,760 shares during the period. 86.18% of the stock is owned by institutional investors.

Bank OZK Trading Up 0.0 %

OZK stock traded up $0.02 during midday trading on Friday, reaching $46.02. The stock had a trading volume of 850,838 shares, compared to its average volume of 1,088,126. The business has a fifty day simple moving average of $43.75 and a two-hundred day simple moving average of $43.60. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 7.71 and a beta of 1.27. Bank OZK has a twelve month low of $30.72 and a twelve month high of $52.36.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.07. The firm had revenue of $406.02 million during the quarter, compared to analyst estimates of $396.81 million. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. During the same period last year, the company earned $1.41 earnings per share. As a group, research analysts expect that Bank OZK will post 6.04 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.39%. This is a positive change from Bank OZK's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, April 11th. Bank OZK's dividend payout ratio (DPR) is presently 26.13%.

Analyst Ratings Changes

OZK has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on Bank OZK from $45.00 to $47.00 and gave the company a "market perform" rating in a report on Monday, April 22nd. Raymond James raised Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price objective for the company in a report on Friday, January 5th. Citigroup lowered their target price on Bank OZK from $62.00 to $57.00 and set a "buy" rating for the company in a research note on Wednesday, March 13th. StockNews.com lowered Bank OZK from a "hold" rating to a "sell" rating in a research note on Friday, March 22nd. Finally, UBS Group lowered Bank OZK from a "buy" rating to a "neutral" rating in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Bank OZK has a consensus rating of "Hold" and a consensus price target of $49.14.

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.