Arcus Capital Partners LLC Purchases New Holdings in Bank OZK (NASDAQ:OZK)

Arcus Capital Partners LLC purchased a new stake in Bank OZK (NASDAQ:OZK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,641 shares of the company's stock, valued at approximately $302,000.

Other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers increased its position in shares of Bank OZK by 28.8% in the second quarter. Cetera Investment Advisers now owns 30,302 shares of the company's stock valued at $1,242,000 after acquiring an additional 6,774 shares during the last quarter. CWM LLC increased its position in shares of Bank OZK by 125.3% in the third quarter. CWM LLC now owns 21,953 shares of the company's stock valued at $944,000 after acquiring an additional 12,207 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in shares of Bank OZK in the third quarter valued at about $219,000. Cardinal Capital Management increased its position in shares of Bank OZK by 11.1% in the third quarter. Cardinal Capital Management now owns 45,714 shares of the company's stock valued at $1,965,000 after acquiring an additional 4,579 shares during the last quarter. Finally, Capital Investment Advisors LLC acquired a new stake in shares of Bank OZK in the third quarter valued at about $461,000. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Stock Performance

Shares of Bank OZK stock traded down $0.41 on Tuesday, hitting $51.45. The stock had a trading volume of 1,343,475 shares, compared to its average volume of 1,421,588. Bank OZK has a twelve month low of $37.43 and a twelve month high of $53.64. The business's 50 day moving average is $47.58 and its two-hundred day moving average is $45.26. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 8.38 and a beta of 1.20.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. During the same quarter in the prior year, the business earned $1.50 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. Analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were paid a $0.42 dividend. This is a boost from Bank OZK's previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Tuesday, January 14th. Bank OZK's payout ratio is 27.36%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company raised Bank OZK from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $40.00 to $48.00 in a research report on Tuesday, January 21st. Truist Financial lowered their target price on Bank OZK from $48.00 to $46.00 and set a "hold" rating on the stock in a research report on Monday, October 21st. UBS Group initiated coverage on Bank OZK in a research report on Tuesday, December 17th. They set a "neutral" rating and a $51.00 price target on the stock. Finally, Stephens boosted their price target on Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. 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. According to MarketBeat, Bank OZK currently has an average rating of "Hold" and an average target price of $50.00.

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.