Wells Fargo & Company MN lifted its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,014 shares of the company's stock after purchasing an additional 7,945 shares during the quarter. Wells Fargo & Company MN owned about 0.07% of Bank OZK worth $3,474,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in OZK. O Shaughnessy Asset Management LLC lifted its holdings in Bank OZK by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company's stock valued at $498,000 after purchasing an additional 193 shares in the last quarter. Principal Securities Inc. lifted its holdings in Bank OZK by 12.7% in the 4th quarter. Principal Securities Inc. now owns 2,509 shares of the company's stock valued at $112,000 after purchasing an additional 283 shares in the last quarter. Horrell Capital Management Inc. lifted its holdings in Bank OZK by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 106,878 shares of the company's stock valued at $4,759,000 after purchasing an additional 304 shares in the last quarter. Arizona State Retirement System lifted its holdings in Bank OZK by 1.0% in the 4th quarter. Arizona State Retirement System now owns 31,253 shares of the company's stock valued at $1,392,000 after purchasing an additional 305 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Bank OZK by 2.1% in the 4th quarter. Pacer Advisors Inc. now owns 15,733 shares of the company's stock valued at $701,000 after purchasing an additional 325 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.
Bank OZK Stock Up 0.8 %
NASDAQ:OZK traded up $0.33 during trading hours on Monday, hitting $43.05. The stock had a trading volume of 997,516 shares, compared to its average volume of 1,332,834. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.64. The business has a 50 day simple moving average of $43.18 and a two-hundred day simple moving average of $45.85. The company has a market cap of $4.88 billion, a PE ratio of 7.01 and a beta of 1.05.
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, beating the consensus estimate of $1.42 by $0.05. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company had revenue of $409.23 million during the quarter, compared to the consensus estimate of $403.05 million. During the same quarter last year, the company earned $1.51 earnings per share. Analysts predict that Bank OZK will post 6.02 EPS for the current year.
Bank OZK Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were given a $0.43 dividend. This is an increase from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date was Monday, April 14th. This represents a $1.72 annualized dividend and a yield of 4.00%. Bank OZK's dividend payout ratio (DPR) is 28.20%.
Wall Street Analyst Weigh In
OZK has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reduced their target price on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company cut their price objective on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley dropped their target price on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Finally, Stephens dropped their target price on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $49.13.
Read Our Latest Analysis on Bank OZK
About Bank OZK
(
Free Report)
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.
See Also
Before you consider Bank OZK, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank OZK wasn't on the list.
While Bank OZK currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
