Park Avenue Securities LLC Purchases Shares of 5,096 Bank OZK (NASDAQ:OZK)

Park Avenue Securities LLC bought a new stake in shares of Bank OZK (NASDAQ:OZK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,096 shares of the company's stock, valued at approximately $227,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC boosted its holdings in Bank OZK by 3.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 10,555 shares of the company's stock worth $470,000 after buying an additional 373 shares during the last quarter. Wedmont Private Capital purchased a new position in shares of Bank OZK in the fourth quarter valued at approximately $203,000. Capital Investment Advisors LLC boosted its stake in shares of Bank OZK by 49.4% in the fourth quarter. Capital Investment Advisors LLC now owns 16,035 shares of the company's stock worth $714,000 after acquiring an additional 5,302 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Bank OZK by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,592 shares of the company's stock worth $2,433,000 after purchasing an additional 681 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its stake in Bank OZK by 23.8% in the 4th quarter. CWA Asset Management Group LLC now owns 20,709 shares of the company's stock valued at $922,000 after purchasing an additional 3,986 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group assumed coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They set a "neutral" rating and a $51.00 target price on the stock. Piper Sandler boosted their price target on shares of Bank OZK from $58.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Truist Financial cut their price objective on shares of Bank OZK from $48.00 to $46.00 and set a "hold" rating for the company in a report on Monday, October 21st. Stephens boosted their target price on Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company raised 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 report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Bank OZK presently has a consensus rating of "Hold" and an average target price of $50.00.

Bank OZK Trading Up 0.5 %

OZK stock traded up $0.24 during midday trading on Monday, hitting $51.17. 953,129 shares of the company's stock were exchanged, compared to its average volume of 1,650,186. Bank OZK has a 1-year low of $37.43 and a 1-year high of $51.52. 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 stock has a market capitalization of $5.81 billion, a PE ratio of 8.33 and a beta of 1.20. The business has a 50-day simple moving average of $46.72 and a two-hundred day simple moving average of $44.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business had revenue of $412.34 million during the quarter, compared to analysts' expectations of $407.19 million. During the same period in the prior year, the business posted $1.50 EPS. The company's revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict that Bank OZK will post 5.97 EPS 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 given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.28%. This is a boost from Bank OZK's previous quarterly dividend of $0.41. Bank OZK's dividend payout ratio (DPR) is presently 27.36%.

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.