Wells Fargo & Company MN Has $3.47 Million Stake in Bank OZK (NASDAQ:OZK)

Wells Fargo & Company MN grew its stake in Bank OZK (NASDAQ:OZK - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,014 shares of the company's stock after acquiring an additional 7,945 shares during the period. Wells Fargo & Company MN owned 0.07% of Bank OZK worth $3,474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the stock. Kestra Investment Management LLC bought a new stake in shares of Bank OZK during the 4th quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Bank OZK in the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC lifted its position in shares of 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 in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Bank OZK by 81.3% during the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock worth $42,000 after buying an additional 425 shares during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new position in Bank OZK during the fourth quarter valued at approximately $93,000. Institutional investors own 86.18% of the company's stock.

Bank OZK Trading Up 0.2 %

NASDAQ OZK traded up $0.09 during trading hours on Friday, reaching $42.72. The company's stock had a trading volume of 811,977 shares, compared to its average volume of 1,332,247. The firm has a fifty day simple moving average of $43.33 and a 200-day simple moving average of $45.80. The stock has a market cap of $4.85 billion, a P/E ratio of 6.96 and a beta of 1.05. Bank OZK has a 52 week low of $35.71 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 issued its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $409.23 million during the quarter, compared to the consensus estimate of $403.05 million. During the same period last year, the company earned $1.51 earnings per share. Equities 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 Monday, April 21st. Stockholders of record on Monday, April 14th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.03%. This is an increase from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, April 14th. Bank OZK's payout ratio is currently 28.20%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley reduced their price target on Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Wells Fargo & Company decreased their target price on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Stephens decreased their price target on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $49.13.

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.