Healthcare of Ontario Pension Plan Trust Fund Invests $3.12 Million in Bank OZK (NASDAQ:OZK)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Bank OZK (NASDAQ:OZK) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 76,289 shares of the company’s stock, valued at approximately $3,116,000.

Other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in Bank OZK by 5.7% during the 4th quarter. Victory Capital Management Inc. now owns 26,895 shares of the company’s stock valued at $841,000 after acquiring an additional 1,455 shares during the period. BlackRock Inc. lifted its stake in Bank OZK by 0.3% during the 4th quarter. BlackRock Inc. now owns 10,383,141 shares of the company’s stock valued at $324,680,000 after acquiring an additional 29,633 shares during the period. Russell Investments Group Ltd. lifted its stake in Bank OZK by 4.8% during the 4th quarter. Russell Investments Group Ltd. now owns 112,887 shares of the company’s stock valued at $3,529,000 after acquiring an additional 5,196 shares during the period. FIL Ltd lifted its stake in Bank OZK by 4.2% during the 4th quarter. FIL Ltd now owns 1,142,237 shares of the company’s stock valued at $35,718,000 after acquiring an additional 46,279 shares during the period. Finally, Sei Investments Co. lifted its stake in Bank OZK by 74.2% during the 4th quarter. Sei Investments Co. now owns 218,836 shares of the company’s stock valued at $6,868,000 after acquiring an additional 93,229 shares during the period. 81.54% of the stock is currently owned by institutional investors.

NASDAQ:OZK opened at $41.27 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.96 and a quick ratio of 0.96. The business’s fifty day moving average is $42.03. The firm has a market capitalization of $5.34 billion, a PE ratio of 12.51 and a beta of 1.80. Bank OZK has a fifty-two week low of $20.10 and a fifty-two week high of $45.83.

Bank OZK (NASDAQ:OZK) last released its earnings results on Wednesday, April 21st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.28. Bank OZK had a net margin of 36.25% and a return on equity of 10.00%. The business had revenue of $266.75 million during the quarter, compared to analyst estimates of $258.20 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Equities research analysts predict that Bank OZK will post 3.83 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 19th. Investors of record on Monday, April 12th were issued a $0.28 dividend. The ex-dividend date was Friday, April 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.71%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.28. Bank OZK’s dividend payout ratio is currently 49.56%.

Several research firms recently issued reports on OZK. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of Bank OZK from $37.00 to $40.00 in a research note on Wednesday, April 14th. Citigroup boosted their target price on shares of Bank OZK from $37.00 to $40.00 in a research note on Wednesday, April 14th. Morgan Stanley boosted their target price on shares of Bank OZK from $47.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, March 18th. Zacks Investment Research cut shares of Bank OZK from a “strong-buy” rating to a “hold” rating and set a $43.00 target price for the company. in a research note on Monday, May 3rd. Finally, Wells Fargo & Company upgraded shares of Bank OZK from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $45.00 to $55.00 in a research note on Friday, June 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $43.00.

Bank OZK Profile

Bank OZK provides various retail and commercial banking services. The company accepts various deposit products, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. It also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.

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Institutional Ownership by Quarter for Bank OZK (NASDAQ:OZK)

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