Gilliland Jeter Wealth Management LLC Purchases Shares of 18,431 Bank OZK (NASDAQ:OZK)

Gilliland Jeter Wealth Management LLC bought a new position in shares of Bank OZK (NASDAQ:OZK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 18,431 shares of the company's stock, valued at approximately $918,000.

Several other institutional investors and hedge funds have also made changes to their positions in OZK. Jupiter Asset Management Ltd. raised its position in shares of Bank OZK by 423.9% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,085,368 shares of the company's stock valued at $40,235,000 after buying an additional 878,212 shares during the period. Van Berkom & Associates Inc. raised its holdings in shares of Bank OZK by 18.1% in the third quarter. Van Berkom & Associates Inc. now owns 2,031,518 shares of the company's stock valued at $75,308,000 after buying an additional 311,293 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Bank OZK in the third quarter valued at about $10,788,000. Schonfeld Strategic Advisors LLC raised its holdings in shares of Bank OZK by 86.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 605,606 shares of the company's stock valued at $22,450,000 after buying an additional 280,392 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Bank OZK by 33.2% in the third quarter. American Century Companies Inc. now owns 716,297 shares of the company's stock valued at $26,553,000 after buying an additional 178,620 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Trading Up 0.0 %

NASDAQ OZK traded up $0.02 during mid-day trading on Friday, reaching $46.02. 850,838 shares of the stock were exchanged, compared to its average volume of 1,088,126. Bank OZK has a 1-year low of $30.72 and a 1-year high of $52.36. The business's fifty day simple moving average is $43.75 and its 200 day simple moving average is $43.64. The stock has a market capitalization of $5.21 billion, a PE ratio of 7.71 and a beta of 1.27. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.01.

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

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.56 dividend on an annualized basis and a yield of 3.39%. This is an increase from Bank OZK's previous quarterly dividend of $0.38. Bank OZK's dividend payout ratio (DPR) is currently 26.13%.

Analysts Set New Price Targets

OZK has been the subject of a number of research reports. Truist Financial reduced their target price on shares of Bank OZK from $48.00 to $47.00 and set a "hold" rating for the company in a report on Monday, April 22nd. StockNews.com cut shares of Bank OZK from a "hold" rating to a "sell" rating in a report on Friday, March 22nd. UBS Group cut shares of Bank OZK from a "buy" rating to a "neutral" rating in a report on Monday, January 8th. Citigroup dropped their target price on shares of Bank OZK from $62.00 to $57.00 and set a "buy" rating for the company in a report on Wednesday, March 13th. Finally, Raymond James upgraded shares of Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price target on the stock in a research report on Friday, January 5th. Two equities research 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's stock. Based on data from MarketBeat.com, Bank OZK has an average rating of "Hold" and a consensus target price 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.