Proficio Capital Partners LLC Invests $660,000 in Bank OZK (NASDAQ:OZK)

Proficio Capital Partners LLC acquired a new stake in shares of Bank OZK (NASDAQ:OZK - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 14,828 shares of the company's stock, valued at approximately $660,000.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. boosted its position in shares of Bank OZK by 10.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,464,023 shares of the company's stock valued at $65,193,000 after purchasing an additional 142,587 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Bank OZK by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company's stock valued at $183,909,000 after buying an additional 188,575 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Bank OZK by 44.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,095 shares of the company's stock valued at $93,000 after buying an additional 643 shares in the last quarter. MMA Asset Management LLC purchased a new stake in shares of Bank OZK in the 4th quarter worth about $342,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Bank OZK by 176.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock worth $34,000 after buying an additional 486 shares during the period. 86.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wells Fargo & Company raised shares of Bank OZK from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. Morgan Stanley dropped their price target 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. Stephens raised their price objective on Bank OZK from $53.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. Finally, UBS Group initiated coverage on Bank OZK in a research note on Tuesday, December 17th. They set a "neutral" rating and a $51.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $50.38.

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Bank OZK Stock Up 0.3 %

OZK traded up $0.12 during trading on Wednesday, hitting $45.38. 735,701 shares of the company's stock traded hands, compared to its average volume of 1,230,848. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 7.39 and a beta of 1.23. The company's 50 day simple moving average is $48.31 and its two-hundred day simple moving average is $46.04. Bank OZK has a 12-month low of $37.43 and a 12-month high of $53.64. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $412.34 million for the quarter, compared to analysts' expectations of $407.19 million. During the same period last year, the firm posted $1.50 earnings per share. Bank OZK's revenue was up 1.2% compared to the same quarter last year. Analysts predict that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were paid a $0.42 dividend. The ex-dividend date was Tuesday, January 14th. This is a positive change from Bank OZK's previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.70%. Bank OZK's payout ratio is currently 27.36%.

About Bank OZK

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.