Proficio Capital Partners LLC Makes New Investment in Bank OZK (NASDAQ:OZK)

Proficio Capital Partners LLC bought a new stake in Bank OZK (NASDAQ:OZK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,828 shares of the company's stock, valued at approximately $660,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of Bank OZK by 32.7% in the 3rd quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company's stock worth $181,566,000 after buying an additional 1,041,198 shares during the last quarter. Captrust Financial Advisors increased its stake in Bank OZK by 124.6% in the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company's stock valued at $73,034,000 after acquiring an additional 942,309 shares during the last quarter. Senvest Management LLC purchased a new stake in Bank OZK during the third quarter valued at about $22,306,000. State Street Corp raised its position in Bank OZK by 7.3% during the third quarter. State Street Corp now owns 7,106,907 shares of the company's stock valued at $305,526,000 after purchasing an additional 485,172 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Bank OZK by 34.8% during the third quarter. Victory Capital Management Inc. now owns 1,321,436 shares of the company's stock worth $56,809,000 after purchasing an additional 341,078 shares during the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Trading Up 0.9 %

Shares of Bank OZK stock traded up $0.37 on Wednesday, hitting $43.89. The stock had a trading volume of 1,042,478 shares, compared to its average volume of 1,238,449. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. Bank OZK has a one year low of $37.43 and a one year high of $53.64. The stock's 50-day simple moving average is $48.12 and its two-hundred day simple moving average is $45.89. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 7.15 and a beta of 1.23.

Remove Ads

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

Bank OZK Increases Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 3.83%. This is a boost from Bank OZK's previous quarterly dividend of $0.41. Bank OZK's payout ratio is currently 27.36%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Stephens raised their price objective on Bank OZK from $53.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Wells Fargo & Company raised shares of Bank OZK from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. Finally, UBS Group initiated coverage on shares of Bank OZK in a report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 price objective for the company. 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. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $50.00.

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.