Virtu Financial LLC bought a new position in shares of Bank OZK (NASDAQ:OZK - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,455 shares of the company's stock, valued at approximately $287,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in shares of 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 during the period. Captrust Financial Advisors lifted its stake in Bank OZK by 124.6% in 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 last quarter. State Street Corp grew its holdings in Bank OZK by 7.3% during the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company's stock worth $305,526,000 after acquiring an additional 485,172 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Bank OZK in the 4th quarter valued at approximately $14,077,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Bank OZK by 395.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 311,866 shares of the company's stock valued at $13,407,000 after purchasing an additional 248,889 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on OZK. Stephens boosted their target price on shares of Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Morgan Stanley lowered their price objective on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company upgraded Bank OZK from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. Finally, UBS Group started coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Bank OZK presently has a consensus rating of "Hold" and an average target price of $50.38.
Check Out Our Latest Stock Analysis on OZK
Bank OZK Stock Performance
Shares of OZK traded down $0.07 during mid-day trading on Tuesday, reaching $43.38. 1,365,959 shares of the company's stock were exchanged, compared to its average volume of 1,270,598. The business's fifty day simple moving average is $47.92 and its 200-day simple moving average is $46.18. The stock has a market capitalization of $4.92 billion, a PE ratio of 7.07 and a beta of 1.23. Bank OZK has a 52-week low of $37.43 and a 52-week high of $53.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02.
Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. During the same period in the previous year, the business posted $1.50 earnings per share. Bank OZK's quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts expect that Bank OZK will post 6.02 earnings per share for the current year.
Bank OZK Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 14th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.96%. This is a boost from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio (DPR) is presently 27.36%.
Bank OZK Company Profile
(
Free Report)
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.
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