LPL Financial LLC Boosts Stake in Bank OZK (NASDAQ:OZK)

LPL Financial LLC boosted its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 362,195 shares of the company's stock after purchasing an additional 16,732 shares during the quarter. LPL Financial LLC owned about 0.32% of Bank OZK worth $16,129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of OZK. State Street Corp increased its position in shares of Bank OZK by 7.3% during the third quarter. State Street Corp now owns 7,106,907 shares of the company's stock worth $305,526,000 after acquiring an additional 485,172 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Bank OZK by 32.7% in the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company's stock valued at $181,566,000 after purchasing an additional 1,041,198 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Bank OZK by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company's stock worth $183,909,000 after buying an additional 188,575 shares in the last quarter. American Century Companies Inc. lifted its stake in Bank OZK by 12.3% during the 4th quarter. American Century Companies Inc. now owns 2,176,997 shares of the company's stock valued at $96,942,000 after acquiring an additional 238,810 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Bank OZK by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company's stock worth $86,989,000 after acquiring an additional 126,352 shares during the last quarter. Institutional investors own 86.18% of the company's stock.

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Bank OZK Stock Performance

Shares of OZK stock traded down $0.78 during trading on Friday, reaching $38.12. 3,118,784 shares of the company's stock traded hands, compared to its average volume of 1,296,061. The firm's 50-day moving average is $47.28 and its 200 day moving average is $46.14. The company has a market capitalization of $4.32 billion, a P/E ratio of 6.21 and a beta of 1.05. Bank OZK has a 1 year low of $35.80 and a 1 year high of $53.64. 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 (NASDAQ:OZK - Get Free Report) last posted its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.12. The firm had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.50 earnings per share. Equities research analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 14th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Monday, April 14th. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio is 28.01%.

Analysts Set New Price Targets

OZK has been the subject of several analyst reports. Morgan Stanley decreased their price objective on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. UBS Group initiated coverage on Bank OZK in a research report on Tuesday, December 17th. They set a "neutral" rating and a $51.00 target price for the company. Wells Fargo & Company upgraded shares of Bank OZK from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $40.00 to $48.00 in a research report on Tuesday, January 21st. Finally, Stephens increased their target price on shares of Bank OZK from $53.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $50.38.

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.