7,529 Shares in Bank OZK (NASDAQ:OZK) Purchased by Private Wealth Group LLC

Private Wealth Group LLC purchased a new position in shares of Bank OZK (NASDAQ:OZKGet Rating) in the first quarter, HoldingsChannel reports. The institutional investor purchased 7,529 shares of the company’s stock, valued at approximately $321,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OZK. First Trust Advisors LP increased its position in shares of Bank OZK by 74.3% during the 4th quarter. First Trust Advisors LP now owns 516,749 shares of the company’s stock worth $24,044,000 after purchasing an additional 220,310 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Bank OZK during the fourth quarter worth approximately $9,114,000. D. E. Shaw & Co. Inc. raised its stake in shares of Bank OZK by 84.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 376,588 shares of the company’s stock valued at $17,523,000 after acquiring an additional 172,005 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Bank OZK by 4,707.9% in the 3rd quarter. Captrust Financial Advisors now owns 172,124 shares of the company’s stock worth $7,398,000 after acquiring an additional 168,544 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in Bank OZK by 37.9% during the 4th quarter. Schroder Investment Management Group now owns 438,509 shares of the company’s stock worth $20,404,000 after acquiring an additional 120,575 shares during the last quarter. 80.35% of the stock is currently owned by institutional investors.

Shares of NASDAQ:OZK opened at $36.70 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 8.44 and a beta of 1.51. The company has a 50 day moving average of $39.49 and a 200-day moving average of $43.70. Bank OZK has a one year low of $34.79 and a one year high of $51.39.

Bank OZK (NASDAQ:OZKGet Rating) last released its earnings results on Thursday, April 21st. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.07. The firm had revenue of $280.82 million during the quarter, compared to analyst estimates of $273.45 million. Bank OZK had a net margin of 47.54% and a return on equity of 12.57%. During the same quarter in the previous year, the business earned $1.11 EPS. Equities research analysts anticipate that Bank OZK will post 4.17 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 22nd. Investors of record on Friday, April 15th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Wednesday, April 13th. This is an increase from Bank OZK’s previous quarterly dividend of $0.30. Bank OZK’s dividend payout ratio is currently 28.51%.

A number of research firms have commented on OZK. Citigroup reduced their price objective on Bank OZK from $50.00 to $45.00 in a research note on Wednesday, April 27th. Raymond James decreased their price objective on shares of Bank OZK from $54.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, April 25th. Truist Financial reduced their target price on shares of Bank OZK from $44.00 to $42.00 in a research report on Wednesday, June 15th. Stephens raised their price target on shares of Bank OZK from $50.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, April 25th. Finally, StockNews.com started coverage on Bank OZK in a report on Thursday, March 31st. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $51.00.

Bank OZK Company Profile (Get Rating)

Bank OZK provides various retail and commercial banking services. It 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. The company 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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