Bank OZK (NASDAQ:OZK) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in shares of Bank OZK (NASDAQ:OZK) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,592 shares of the company’s stock after acquiring an additional 681 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Bank OZK were worth $2,433,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. M&T Bank Corp boosted its position in Bank OZK by 1.9% during the 3rd quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock worth $578,000 after acquiring an additional 244 shares during the period. Evergreen Capital Management LLC raised its stake in shares of Bank OZK by 8.3% during the second quarter. Evergreen Capital Management LLC now owns 5,079 shares of the company’s stock valued at $208,000 after purchasing an additional 388 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of Bank OZK by 6.0% during the third quarter. Raymond James Trust N.A. now owns 7,184 shares of the company’s stock valued at $309,000 after purchasing an additional 407 shares in the last quarter. Assetmark Inc. lifted its holdings in Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after purchasing an additional 411 shares during the period. Finally, GAMMA Investing LLC grew its position in Bank OZK by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 4,758 shares of the company’s stock valued at $212,000 after buying an additional 606 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Up 3.9 %

OZK opened at $44.00 on Wednesday. The firm’s fifty day moving average is $46.48 and its two-hundred day moving average is $44.12. The firm has a market cap of $4.99 billion, a PE ratio of 7.24 and a beta of 1.20. Bank OZK has a twelve month low of $37.43 and a twelve month high of $51.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02.

Bank OZK (NASDAQ:OZK) last released its earnings results on Thursday, October 17th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. The firm had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $419.08 million. Equities research analysts anticipate that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th will be issued a dividend of $0.42 per share. The ex-dividend date is Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a yield of 3.82%. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio (DPR) is presently 27.63%.

Analysts Set New Price Targets

A number of research firms have commented on OZK. Truist Financial dropped their price target on shares of 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 boosted their target price on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Stephens increased their price target on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Raymond James cut Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Finally, UBS Group began coverage on Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.25.

About Bank OZK

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.