Zurcher Kantonalbank Zurich Cantonalbank Has $1.36 Million Stake in Bank OZK (NASDAQ:OZK)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Bank OZK (NASDAQ:OZK - Free Report) by 23.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,532 shares of the company's stock after acquiring an additional 5,798 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Bank OZK were worth $1,360,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. M&T Bank Corp raised its position in Bank OZK by 1.9% during the 3rd quarter. M&T Bank Corp now owns 13,432 shares of the company's stock worth $578,000 after purchasing an additional 244 shares during the last quarter. Principal Securities Inc. raised its position in Bank OZK by 12.7% during the 4th quarter. Principal Securities Inc. now owns 2,509 shares of the company's stock worth $112,000 after purchasing an additional 283 shares during the last quarter. Arizona State Retirement System raised its position in Bank OZK by 1.0% during the 4th quarter. Arizona State Retirement System now owns 31,253 shares of the company's stock worth $1,392,000 after purchasing an additional 305 shares during the last quarter. Pacer Advisors Inc. raised its position in Bank OZK by 2.1% during the 4th quarter. Pacer Advisors Inc. now owns 15,733 shares of the company's stock worth $701,000 after purchasing an additional 325 shares during the last quarter. Finally, Savant Capital LLC raised its position in Bank OZK by 0.7% during the 4th quarter. Savant Capital LLC now owns 46,784 shares of the company's stock worth $2,083,000 after purchasing an additional 327 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

OZK has been the subject of several analyst reports. Stephens raised their target price on Bank OZK from $53.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Morgan Stanley decreased 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 upgraded Bank OZK from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. Finally, UBS Group began coverage on Bank OZK in a report on Tuesday, December 17th. They set a "neutral" rating and a $51.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $50.38.

Bank OZK Stock Up 0.4 %

Shares of OZK traded up $0.16 during trading hours on Friday, hitting $44.31. The stock had a trading volume of 2,886,602 shares, compared to its average volume of 1,231,689. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The firm has a 50 day simple moving average of $48.23 and a 200-day simple moving average of $45.92. 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 1-year low of $37.43 and a 1-year high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.44 by $0.12. The company had revenue of $412.34 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $1.50 EPS. Sell-side analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were paid a $0.42 dividend. The ex-dividend date was Tuesday, January 14th. This is an increase from Bank OZK's previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 3.79%. Bank OZK's dividend payout ratio (DPR) is currently 27.36%.

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.