Oppenheimer Asset Management Inc. Acquires 14,946 Shares of Bank OZK (NASDAQ:OZK)

Oppenheimer Asset Management Inc. increased its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 33.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,012 shares of the company's stock after buying an additional 14,946 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.05% of Bank OZK worth $2,628,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Barclays PLC raised its holdings in shares of Bank OZK by 30.7% in the third quarter. Barclays PLC now owns 254,874 shares of the company's stock valued at $10,958,000 after purchasing an additional 59,907 shares during the last quarter. Geode Capital Management LLC grew its position in Bank OZK by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company's stock worth $86,989,000 after purchasing an additional 126,352 shares in the last quarter. Verition Fund Management LLC increased its stake in Bank OZK by 68.6% in the 3rd quarter. Verition Fund Management LLC now owns 34,869 shares of the company's stock valued at $1,499,000 after buying an additional 14,189 shares during the last quarter. Cerity Partners LLC increased its stake in Bank OZK by 112.8% in the 3rd quarter. Cerity Partners LLC now owns 51,717 shares of the company's stock valued at $2,223,000 after buying an additional 27,409 shares during the last quarter. Finally, Alpha DNA Investment Management LLC bought a new position in shares of Bank OZK during the 3rd quarter worth approximately $529,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

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Bank OZK Stock Performance

NASDAQ OZK traded down $0.70 during trading on Thursday, hitting $44.69. 418,929 shares of the company's stock traded hands, compared to its average volume of 1,298,238. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 7.26 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The business has a 50 day moving average of $48.14 and a 200-day moving average of $45.81. Bank OZK has a 12-month low of $37.43 and a 12-month high of $53.64.

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

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.76%. This is a positive change from Bank OZK's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK's payout ratio is presently 27.36%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. UBS Group began coverage on Bank OZK in a report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 target price for the company. Wells Fargo & Company upgraded Bank OZK from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $40.00 to $48.00 in a research note on Tuesday, January 21st. Finally, Stephens lifted their target price on Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus 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.