Bank OZK (NASDAQ:OZK) Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its holdings in Bank OZK (NASDAQ:OZK) by 136.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 359,814 shares of the company’s stock after purchasing an additional 207,341 shares during the period. Goldman Sachs Group Inc. owned 0.32% of Bank OZK worth $17,930,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new stake in shares of Bank OZK during the 4th quarter valued at $31,000. Bare Financial Services Inc acquired a new stake in Bank OZK during the fourth quarter worth about $36,000. SRS Capital Advisors Inc. raised its holdings in shares of Bank OZK by 303.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 929 shares of the company’s stock worth $46,000 after purchasing an additional 699 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Bank OZK by 601.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,402 shares of the company’s stock valued at $69,000 after purchasing an additional 1,202 shares in the last quarter. Finally, MCF Advisors LLC purchased a new stake in shares of Bank OZK during the 4th quarter worth about $73,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OZK shares. StockNews.com raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Wells Fargo & Company decreased their price target on shares of Bank OZK from $39.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday, June 6th. Morgan Stanley reissued an “equal weight” rating and issued a $48.00 price objective on shares of Bank OZK in a research report on Monday, April 22nd. Keefe, Bruyette & Woods upped their target price on Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a research report on Monday, April 22nd. Finally, Stephens reiterated an “equal weight” rating and set a $50.00 target price on shares of Bank OZK in a report on Thursday, May 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.00.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $39.90 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. Bank OZK has a fifty-two week low of $34.76 and a fifty-two week high of $52.36. The business has a 50 day moving average price of $43.50 and a two-hundred day moving average price of $44.75. The firm has a market cap of $4.53 billion, a PE ratio of 6.68 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, April 18th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.07. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. The business had revenue of $406.02 million during the quarter, compared to analyst estimates of $396.81 million. During the same quarter in the previous year, the firm earned $1.41 earnings per share. Sell-side analysts expect that Bank OZK will post 6.1 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.91%. This is an increase from Bank OZK’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, April 11th. Bank OZK’s dividend payout ratio (DPR) is 26.13%.

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.