ProShare Advisors LLC Purchases 62,657 Shares of Bank OZK (NASDAQ:OZK)

ProShare Advisors LLC increased its holdings in shares of Bank OZK (NASDAQ:OZK) by 10.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 674,250 shares of the company’s stock after acquiring an additional 62,657 shares during the quarter. ProShare Advisors LLC owned approximately 0.59% of Bank OZK worth $27,644,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in OZK. Principal Securities Inc. bought a new stake in shares of Bank OZK in the fourth quarter valued at approximately $31,000. Norges Bank bought a new position in shares of Bank OZK during the fourth quarter valued at about $56,293,000. Trexquant Investment LP purchased a new position in Bank OZK in the 4th quarter worth approximately $1,818,000. Commerce Bank raised its holdings in Bank OZK by 70.9% during the 4th quarter. Commerce Bank now owns 21,852 shares of the company’s stock valued at $1,089,000 after buying an additional 9,065 shares during the last quarter. Finally, Phillips Wealth Planners LLC bought a new stake in shares of Bank OZK in the fourth quarter worth about $201,000. 86.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Morgan Stanley upped their target price on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Stephens reaffirmed an “equal weight” rating and issued a $50.00 price objective on shares of Bank OZK in a report on Thursday, July 18th. Wells Fargo & Company decreased their price objective on Bank OZK from $39.00 to $35.00 and set an “underweight” rating on the stock in a research note on Thursday, June 6th. Raymond James cut shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Finally, StockNews.com raised shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $46.57.

Bank OZK Stock Down 1.1 %

NASDAQ OZK opened at $42.28 on Tuesday. Bank OZK has a 52 week low of $34.76 and a 52 week high of $52.36. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $42.86 and a two-hundred day moving average of $43.14. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 7.08 and a beta of 1.17.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $1.52 EPS for the quarter, hitting the consensus estimate of $1.52. The company had revenue of $416.78 million for the quarter, compared to the consensus estimate of $414.39 million. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.47 EPS. On average, analysts predict that Bank OZK will post 6.01 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 12th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Friday, July 12th. This is a boost from Bank OZK’s previous quarterly dividend of $0.39. Bank OZK’s dividend payout ratio is presently 26.80%.

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.