Victory Capital Management Inc. Has $65.19 Million Stock Position in Bank OZK (NASDAQ:OZK)

Victory Capital Management Inc. raised its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,464,023 shares of the company's stock after acquiring an additional 142,587 shares during the quarter. Victory Capital Management Inc. owned approximately 1.29% of Bank OZK worth $65,193,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Bank OZK in the 4th quarter valued at about $27,000. Kestra Investment Management LLC acquired a new stake in shares of Bank OZK during the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC boosted its holdings in Bank OZK by 176.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock worth $34,000 after purchasing an additional 486 shares during the period. Assetmark Inc. increased its stake in 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 last quarter. Finally, V Square Quantitative Management LLC increased its stake in Bank OZK by 81.3% during the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock valued at $42,000 after purchasing an additional 425 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Price Performance

Bank OZK stock traded down $0.89 during trading hours on Tuesday, hitting $43.52. 1,486,292 shares of the company traded hands, compared to its average volume of 1,238,541. The firm's 50-day simple moving average is $48.16 and its two-hundred day simple moving average is $45.91. The firm has a market cap of $4.94 billion, a P/E ratio of 7.09 and a beta of 1.23. Bank OZK has a 1-year low of $37.43 and a 1-year high of $53.64. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16.

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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 (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.12. The company had revenue of $412.34 million for 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 firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $1.50 EPS. As a group, analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal 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 given a dividend of $0.42 per share. This is a positive change 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 dividend yield of 3.86%. Bank OZK's dividend payout ratio (DPR) is 27.36%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on OZK shares. Wells Fargo & Company raised shares of Bank OZK from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $40.00 to $48.00 in a research report on Tuesday, January 21st. UBS Group initiated coverage on Bank OZK in a report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 price target on the stock. Finally, Stephens upped their price objective on Bank OZK from $53.00 to $57.00 and gave the stock 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 given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Bank OZK currently has a consensus rating of "Hold" and an average 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.