Strategic Financial Concepts LLC Takes $545,000 Position in Bank OZK (NASDAQ:OZK)

Strategic Financial Concepts LLC acquired a new stake in shares of Bank OZK (NASDAQ:OZK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,246 shares of the company's stock, valued at approximately $545,000.

Several other hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Bank OZK during the 4th quarter valued at $27,000. Assetmark Inc. grew its holdings in shares of Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company's stock worth $42,000 after acquiring an additional 411 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Bank OZK by 81.3% in the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock worth $42,000 after acquiring an additional 425 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Bank OZK in the 3rd quarter worth $61,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Bank OZK by 424.8% during the third quarter. Venturi Wealth Management LLC now owns 1,590 shares of the company's stock valued at $68,000 after buying an additional 1,287 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company's stock.

Analyst Ratings Changes

OZK has been the topic of a number of recent research reports. Wells Fargo & Company upgraded Bank OZK from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $40.00 to $48.00 in a research note on Tuesday, January 21st. Stephens boosted their price target on Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Finally, UBS Group started coverage on Bank OZK in a research report on Tuesday, December 17th. They set 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 assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $50.00.

Bank OZK Stock Performance

Bank OZK stock traded down $2.08 during trading hours on Friday, hitting $47.33. The stock had a trading volume of 390,962 shares, compared to its average volume of 1,357,875. The company has a 50-day moving average of $47.77 and a two-hundred day moving average of $45.38. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The company has a market cap of $5.37 billion, a PE ratio of 7.70 and a beta of 1.20. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.44 by $0.12. The firm had revenue of $412.34 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.50 EPS. On average, equities research analysts anticipate that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were issued a $0.42 dividend. This is a boost from Bank OZK's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.68 annualized dividend and a yield of 3.55%. Bank OZK's dividend payout ratio 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.