LSV Asset Management Has $23.51 Million Holdings in Bank OZK (NASDAQ:OZK)

LSV Asset Management raised its stake in Bank OZK (NASDAQ:OZK - Free Report) by 52.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 471,740 shares of the company's stock after purchasing an additional 161,400 shares during the quarter. LSV Asset Management owned about 0.42% of Bank OZK worth $23,507,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bare Financial Services Inc purchased a new position in shares of Bank OZK in the 4th quarter valued at $36,000. SRS Capital Advisors Inc. raised its stake in shares of Bank OZK by 303.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 929 shares of the company's stock valued at $46,000 after acquiring an additional 699 shares during the period. Fifth Third Bancorp raised its stake in shares of Bank OZK by 25.5% in the 3rd quarter. Fifth Third Bancorp now owns 1,487 shares of the company's stock valued at $55,000 after acquiring an additional 302 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of Bank OZK by 601.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,402 shares of the company's stock valued at $69,000 after acquiring an additional 1,202 shares during the period. Finally, MCF Advisors LLC purchased a new position in shares of Bank OZK in the 4th quarter valued at $73,000. Institutional investors and hedge funds own 86.18% of the company's stock.

Analyst Ratings Changes

OZK has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Bank OZK from $45.00 to $47.00 and gave the stock a "market perform" rating in a research note on Monday, April 22nd. Wells Fargo & Company dropped their target price on shares of Bank OZK from $41.00 to $39.00 and set an "underweight" rating for the company in a research report on Thursday, February 1st. 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 research report on Wednesday, March 13th. StockNews.com downgraded shares of Bank OZK from a "hold" rating to a "sell" rating in a research report on Friday, March 22nd. Finally, Truist Financial dropped their target price on shares of Bank OZK from $48.00 to $47.00 and set a "hold" rating for the company in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $49.14.

Bank OZK Stock Performance

Shares of NASDAQ OZK traded down $0.28 during midday trading on Tuesday, hitting $47.27. The company's stock had a trading volume of 938,826 shares, compared to its average volume of 1,185,853. Bank OZK has a 1-year low of $30.72 and a 1-year high of $52.36. The firm's fifty day moving average price is $44.29 and its 200-day moving average price is $44.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.01. The firm has a market cap of $5.35 billion, a P/E ratio of 7.92 and a beta of 1.24.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its earnings results on Thursday, April 18th. The company reported $1.51 earnings per share (EPS) for the quarter, beating 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 net margin of 28.54% and a return on equity of 14.84%. During the same period in the previous year, the business posted $1.41 EPS. On average, sell-side analysts forecast that Bank OZK will post 6.04 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced 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. This represents a $1.56 dividend on an annualized basis and a yield of 3.30%. 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 payout ratio is presently 26.13%.

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.