Aviance Capital Partners LLC Buys Shares of 15,341 Bank OZK (NASDAQ:OZK)

Aviance Capital Partners LLC acquired a new stake in shares of Bank OZK (NASDAQ:OZK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,341 shares of the company's stock, valued at approximately $683,000.

Other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Bank OZK in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new position in shares of Bank OZK in the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC boosted its holdings in shares of Bank OZK by 176.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock valued at $34,000 after buying an additional 486 shares during the period. Assetmark Inc. boosted its holdings in shares of Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company's stock valued at $42,000 after buying an additional 411 shares during the period. Finally, V Square Quantitative Management LLC lifted its position in shares of Bank OZK by 81.3% in the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock worth $42,000 after purchasing an additional 425 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. UBS Group assumed coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 price objective on the stock. Wells Fargo & Company raised shares of Bank OZK from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Finally, Stephens boosted their price objective on shares of 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 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 stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $50.00.

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Bank OZK Stock Performance

Shares of OZK traded up $0.37 during trading hours on Wednesday, hitting $43.89. The company had a trading volume of 1,042,008 shares, compared to its average volume of 1,238,124. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 7.15 and a beta of 1.23. The business has a fifty day moving average of $48.14 and a 200-day moving average of $45.91. Bank OZK has a 12 month low of $37.43 and a 12 month high of $53.64. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16.

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

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were given a $0.42 dividend. The ex-dividend date was Tuesday, January 14th. This is a positive change from Bank OZK's previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 3.83%. Bank OZK's dividend payout ratio is presently 27.36%.

Bank OZK Company 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.