12,246 Shares in Bank OZK (NASDAQ:OZK) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC bought a new position in Bank OZK (NASDAQ:OZK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,246 shares of the company's stock, valued at approximately $545,000.

Several other hedge funds and other institutional investors have also modified their holdings of OZK. M&T Bank Corp raised its holdings in shares of Bank OZK by 1.9% during the third quarter. M&T Bank Corp now owns 13,432 shares of the company's stock worth $578,000 after acquiring an additional 244 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Bank OZK by 2.1% during the fourth quarter. Pacer Advisors Inc. now owns 15,733 shares of the company's stock worth $701,000 after acquiring an additional 325 shares in the last quarter. Pallas Capital Advisors LLC raised its holdings in shares of Bank OZK by 3.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 10,555 shares of the company's stock worth $470,000 after acquiring an additional 373 shares in the last quarter. Raymond James Trust N.A. raised its holdings in shares of Bank OZK by 6.0% during the third quarter. Raymond James Trust N.A. now owns 7,184 shares of the company's stock worth $309,000 after acquiring an additional 407 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Bank OZK by 73.8% during the third quarter. Assetmark Inc. now owns 968 shares of the company's stock worth $42,000 after acquiring an additional 411 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Stephens increased their price objective on Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Truist Financial cut their target price on Bank OZK from $48.00 to $46.00 and set a "hold" rating on the stock in a report on Monday, October 21st. Piper Sandler raised their target price on Bank OZK from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Wells Fargo & Company upgraded Bank OZK from an "underweight" rating to an "equal weight" rating and raised their target price for the company 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 set a "neutral" rating and a $51.00 target price on the stock. One 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, the stock presently has a consensus rating of "Hold" and an average target price of $50.00.

Bank OZK Stock Performance

Shares of Bank OZK stock traded down $0.76 during trading on Friday, reaching $51.86. The company's stock had a trading volume of 1,158,083 shares, compared to its average volume of 1,481,751. 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 business's fifty day moving average price is $47.49 and its 200-day moving average price is $45.22. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 8.45 and a beta of 1.20. Bank OZK has a one year low of $37.43 and a one year high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of $407.19 million. During the same period last year, the business earned $1.50 earnings per share. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities research analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently announced 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 is an increase from Bank OZK's previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a yield of 3.24%. Bank OZK's dividend payout ratio (DPR) is 27.36%.

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.