4,803 Shares in Bank OZK (NASDAQ:OZK) Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC bought a new stake in shares of Bank OZK (NASDAQ:OZK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,803 shares of the company's stock, valued at approximately $214,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Bank OZK during the 4th quarter valued at $27,000. 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 valued at $42,000 after purchasing an additional 411 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Bank OZK during the 3rd quarter worth about $61,000. Venturi Wealth Management LLC grew its stake in shares of Bank OZK by 424.8% in the 3rd 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 during the period. Finally, New Wave Wealth Advisors LLC bought a new stake in Bank OZK in the 4th quarter valued at about $93,000. Institutional investors own 86.18% of the company's stock.

Bank OZK Stock Performance

OZK stock traded down $0.76 during midday trading on Friday, hitting $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 stock has a market cap of $5.88 billion, a price-to-earnings ratio of 8.45 and a beta of 1.20. 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 stock's 50-day moving average price is $47.49 and its 200 day moving average price is $45.21. Bank OZK has a 1 year low of $37.43 and a 1 year high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued 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. The company had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.50 EPS. On average, equities analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were given a dividend of $0.42 per share. 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 dividend yield of 3.24%. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK's dividend payout ratio is currently 27.36%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on OZK. UBS Group began coverage on Bank OZK in a report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 target price on the stock. Stephens lifted their price objective on shares of 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 upgraded shares of Bank OZK from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. Finally, Truist Financial cut their price target on Bank OZK from $48.00 to $46.00 and set a "hold" rating for the company in a research note on Monday, October 21st. One 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, Bank OZK presently has a consensus rating of "Hold" and a consensus target price of $50.00.

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.