6,220 Shares in Bank OZK (NASDAQ:OZK) Purchased by Choreo LLC

Choreo LLC bought a new position in Bank OZK (NASDAQ:OZK - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 6,220 shares of the company's stock, valued at approximately $277,000.

A number of other large investors also recently modified their holdings of OZK. Assetmark Inc. boosted its stake in Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company's stock worth $42,000 after buying an additional 411 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Bank OZK during the third quarter valued at approximately $61,000. Venturi Wealth Management LLC raised its holdings in shares of Bank OZK by 424.8% during the third quarter. Venturi Wealth Management LLC now owns 1,590 shares of the company's stock valued at $68,000 after acquiring an additional 1,287 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in Bank OZK in the fourth quarter worth $93,000. Finally, R Squared Ltd purchased a new stake in Bank OZK in the fourth quarter worth $149,000. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Stock Performance

OZK stock remained flat at $51.86 on Tuesday. The company had a trading volume of 338,891 shares, compared to its average volume of 1,387,954. Bank OZK has a 1 year low of $37.43 and a 1 year high of $53.64. The stock's 50-day simple moving average is $47.58 and its 200 day simple moving average is $45.26. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $5.88 billion, a PE ratio of 8.45 and a beta of 1.20.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings results 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 business 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 company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 EPS. Sell-side analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were paid a $0.42 dividend. This is an increase from Bank OZK's previous quarterly dividend of $0.41. The ex-dividend date was Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.24%. Bank OZK's dividend payout ratio is presently 27.36%.

Wall Street Analyst Weigh In

OZK has been the topic of several recent analyst reports. Truist Financial dropped their price objective 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. Wells Fargo & Company raised Bank OZK from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. UBS Group assumed coverage on Bank OZK in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 price objective on the stock. Finally, Stephens lifted their target price on Bank OZK from $53.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. One equities research 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.com, the stock presently 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.