Invesco Ltd. Has $25.54 Million Stake in Bank OZK (NASDAQ:OZK)

Invesco Ltd. grew its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 573,572 shares of the company's stock after buying an additional 34,240 shares during the quarter. Invesco Ltd. owned 0.51% of Bank OZK worth $25,541,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of Montreal Can grew its stake in Bank OZK by 0.5% during the 4th quarter. Bank of Montreal Can now owns 46,832 shares of the company's stock valued at $2,085,000 after acquiring an additional 241 shares in the last quarter. Cerity Partners LLC boosted its stake in Bank OZK by 17.2% during the fourth quarter. Cerity Partners LLC now owns 60,590 shares of the company's stock worth $2,688,000 after buying an additional 8,873 shares during the period. Federated Hermes Inc. raised its stake in shares of Bank OZK by 47.6% in the 4th quarter. Federated Hermes Inc. now owns 10,927 shares of the company's stock valued at $487,000 after acquiring an additional 3,526 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Bank OZK during the fourth quarter worth $54,000. Finally, Waterloo Capital L.P. acquired a new position in Bank OZK during the 4th quarter worth about $212,000. Hedge funds and other institutional investors own 86.18% of the company's stock.

Bank OZK Trading Up 0.8 %

Shares of NASDAQ:OZK traded up $0.33 during mid-day trading on Thursday, hitting $42.27. The stock had a trading volume of 242,780 shares, compared to its average volume of 1,330,637. The company's 50 day moving average is $43.69 and its 200-day moving average is $45.79. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.64. 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 company has a market cap of $4.80 billion, a PE ratio of 6.87 and a beta of 1.05.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The business had revenue of $409.23 million during the quarter, compared to analysts' expectations of $403.05 million. During the same period last year, the company posted $1.51 earnings per share. On average, sell-side analysts predict that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were given a dividend of $0.43 per share. The ex-dividend date was Monday, April 14th. This represents a $1.72 dividend on an annualized basis and a yield of 4.07%. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's payout ratio is 28.20%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley cut their price objective on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company decreased their price objective on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods decreased their price target on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a report on Tuesday. Finally, Stephens decreased their price objective on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $49.13.

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.