KLP Kapitalforvaltning AS Takes Position in Bank OZK (NASDAQ:OZK)

KLP Kapitalforvaltning AS purchased a new position in shares of Bank OZK (NASDAQ:OZK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,400 shares of the company's stock, valued at approximately $1,265,000.

Several other large investors have also bought and sold shares of the stock. Kestra Investment Management LLC acquired a new position in Bank OZK during the 4th quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Bank OZK during the 4th quarter valued at $27,000. Smartleaf Asset Management LLC boosted its holdings in 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 acquiring an additional 486 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Bank OZK by 81.3% during the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock valued at $42,000 after purchasing an additional 425 shares in the last quarter. Finally, New Wave Wealth Advisors LLC bought a new stake in shares of Bank OZK during the 4th quarter valued at $93,000. 86.18% of the stock is owned by institutional investors.

Bank OZK Stock Down 0.1 %

Bank OZK stock traded down $0.03 during trading on Wednesday, reaching $43.35. 1,705,715 shares of the company's stock were exchanged, compared to its average volume of 1,272,501. The company's 50-day moving average is $47.92 and its two-hundred day moving average is $46.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. Bank OZK has a 52-week low of $37.43 and a 52-week high of $53.64. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 7.06 and a beta of 1.23.

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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, beating analysts' consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.50 earnings per share. On average, analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 14th will be paid a dividend of $0.43 per share. This is an increase from Bank OZK's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 3.97%. Bank OZK's payout ratio is 27.36%.

Analysts Set New Price Targets

Several equities analysts have issued reports on OZK shares. Stephens upped 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 note on Tuesday, January 21st. Morgan Stanley decreased their target price 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. Wells Fargo & Company raised Bank OZK from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. Finally, UBS Group assumed coverage on Bank OZK in a report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 target price on the stock. One 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $50.38.

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.