By otakuyassine3@gmail.com 
R Squared Ltd purchased a new position in Bank OZK (NASDAQ:OZK – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 3,340 shares of the company’s stock, valued at approximately $149,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. increased its stake in Bank OZK by 2.1% in the fourth 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 period. KBC Group NV increased its stake in Bank OZK by 60.8% in the 4th quarter. KBC Group NV now owns 4,727 shares of the company’s stock worth $210,000 after buying an additional 1,788 shares during the period. Merit Financial Group LLC bought a new stake in Bank OZK during the 4th quarter valued at about $307,000. Park Avenue Securities LLC purchased a new stake in Bank OZK in the 4th quarter valued at about $227,000. Finally, Pallas Capital Advisors LLC boosted its position in Bank OZK by 3.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 10,555 shares of the company’s stock valued at $470,000 after buying an additional 373 shares during the period. 86.18% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
OZK has been the subject of several research analyst reports. Stephens lifted their price target on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Truist Financial dropped their price target on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Piper Sandler increased their target price on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $40.00 to $48.00 in a report on Tuesday, January 21st. Finally, UBS Group initiated coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Bank OZK currently has an average rating of “Hold” and a consensus price target of $50.00.
Get Our Latest Analysis on OZK
Bank OZK Trading Down 0.8 %
NASDAQ OZK opened at $50.50 on Thursday. The firm has a market cap of $5.73 billion, a PE ratio of 8.22 and a beta of 1.20. Bank OZK has a 52 week low of $37.43 and a 52 week high of $51.52. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average price of $46.84 and a 200 day moving average price of $44.74.
Bank OZK (NASDAQ:OZK – Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. During the same quarter in the prior year, the business posted $1.50 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Bank OZK will post 5.97 EPS for the current fiscal year.
Bank OZK Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were paid 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 was Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.33%. Bank OZK’s payout ratio is presently 27.36%.
Bank OZK Company 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.
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