Wilmington Savings Fund Society FSB Acquires New Holdings in Bank OZK (NASDAQ:OZK)

Wilmington Savings Fund Society FSB acquired a new stake in Bank OZK (NASDAQ:OZK - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,173 shares of the company's stock, valued at approximately $275,000.

A number of other large investors have also added to or reduced their stakes in OZK. M&T Bank Corp grew its stake in shares of Bank OZK by 1.9% in the 3rd quarter. M&T Bank Corp now owns 13,432 shares of the company's stock valued at $578,000 after buying an additional 244 shares during the period. Pacer Advisors Inc. lifted its position in Bank OZK by 2.1% in the 4th quarter. Pacer Advisors Inc. now owns 15,733 shares of the company's stock valued at $701,000 after acquiring an additional 325 shares in the last quarter. Pallas Capital Advisors LLC lifted its position in shares of Bank OZK by 3.7% during the 4th quarter. Pallas Capital Advisors LLC now owns 10,555 shares of the company's stock worth $470,000 after buying an additional 373 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Bank OZK by 6.0% during the 3rd quarter. Raymond James Trust N.A. now owns 7,184 shares of the company's stock worth $309,000 after buying an additional 407 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company's stock worth $42,000 after buying an additional 411 shares in the last quarter. Institutional investors own 86.18% of the company's stock.

Bank OZK Price Performance

Shares of OZK traded down $0.76 during mid-day trading on Friday, reaching $51.86. 1,158,083 shares of the stock traded hands, compared to its average volume of 1,481,751. The firm has a fifty day moving average price of $47.49 and a 200 day moving average price of $45.22. The company 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 current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. 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 posted its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $407.19 million. During the same period in the previous year, the firm posted $1.50 EPS. The firm's revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts predict 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 was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were issued 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 was Tuesday, January 14th. Bank OZK's payout ratio is currently 27.36%.

Analysts Set New Price Targets

OZK has been the topic of a number of research reports. Stephens lifted their price target on shares of Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. UBS Group assumed coverage on shares of Bank OZK in a report on Tuesday, December 17th. They issued a "neutral" rating and a $51.00 price target on the stock. Wells Fargo & Company upgraded shares of Bank OZK from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $40.00 to $48.00 in a research note on Tuesday, January 21st. Truist Financial reduced their price objective on shares of Bank OZK from $48.00 to $46.00 and set a "hold" rating for the company in a research note on Monday, October 21st. Finally, Piper Sandler lifted their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $50.00.

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.