7,742 Shares in Bank OZK (NASDAQ:OZK) Purchased by Vestcor Inc

Vestcor Inc bought a new position 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 bought 7,742 shares of the company's stock, valued at approximately $345,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP grew its holdings in Bank OZK by 32.7% in the 3rd quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company's stock valued at $181,566,000 after buying an additional 1,041,198 shares in the last quarter. Captrust Financial Advisors increased its position in Bank OZK by 124.6% during the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company's stock worth $73,034,000 after acquiring an additional 942,309 shares during the period. Senvest Management LLC acquired a new stake in Bank OZK in the 3rd quarter worth about $22,306,000. State Street Corp boosted its holdings in Bank OZK by 7.3% in the 3rd 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 during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Bank OZK during the fourth quarter worth approximately $14,077,000. Institutional investors own 86.18% of the company's stock.

Analysts Set New Price Targets

OZK has been the subject of several recent research reports. UBS Group assumed coverage on Bank OZK in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 price target for the company. Wells Fargo & Company raised shares of Bank OZK from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Morgan Stanley cut their target price on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Finally, Stephens lifted their price target on Bank OZK from $53.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $50.38.

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Bank OZK Trading Up 0.4 %

OZK traded up $0.16 during trading on Friday, hitting $44.31. The company's stock had a trading volume of 2,886,602 shares, compared to its average volume of 1,233,205. The firm has a market capitalization of $5.03 billion, a P/E ratio of 7.22 and a beta of 1.23. Bank OZK has a twelve month low of $37.43 and a twelve month high of $53.64. The stock's fifty day moving average price is $48.17 and its 200-day moving average price is $45.91. 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 (NASDAQ:OZK - Get Free Report) last issued its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The business had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. During the same period in the prior year, the firm earned $1.50 earnings per share. Bank OZK's revenue was up 1.2% on a year-over-year basis. Analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were issued a dividend of $0.42 per share. This is a boost 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 3.79%. The ex-dividend date was Tuesday, January 14th. Bank OZK's dividend payout ratio (DPR) is currently 27.36%.

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.