Pacer Advisors Inc. Boosts Stock Position in Bank OZK (NASDAQ:OZK)

Pacer Advisors Inc. lifted its stake in Bank OZK (NASDAQ:OZK) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,733 shares of the company’s stock after acquiring an additional 325 shares during the period. Pacer Advisors Inc.’s holdings in Bank OZK were worth $701,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Assetmark Inc. boosted its stake in shares of Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after buying an additional 411 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Bank OZK in the third quarter worth approximately $61,000. Venturi Wealth Management LLC boosted its position in shares of Bank OZK by 424.8% during the third quarter. Venturi Wealth Management LLC now owns 1,590 shares of the company’s stock worth $68,000 after buying an additional 1,287 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Bank OZK during the third quarter worth $199,000. Finally, KBC Group NV boosted its holdings in Bank OZK by 60.8% in the fourth quarter. KBC Group NV now owns 4,727 shares of the company’s stock valued at $210,000 after purchasing an additional 1,788 shares during the period. 86.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OZK. Truist Financial decreased their target price on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a report on Monday, October 21st. UBS Group assumed coverage on Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 target price on the stock. Piper Sandler raised their price target on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Stephens raised their price target on Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $40.00 to $48.00 in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $50.00.

Bank OZK Stock Performance

OZK opened at $49.64 on Tuesday. Bank OZK has a 1-year low of $37.43 and a 1-year high of $51.61. The stock has a market cap of $5.63 billion, a P/E ratio of 8.08 and a beta of 1.20. The stock’s 50 day simple moving average is $46.90 and its 200 day simple moving average is $44.83. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. During the same quarter in the prior year, the company earned $1.50 earnings per share. Bank OZK’s revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that Bank OZK will post 5.97 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were given a dividend of $0.42 per share. The ex-dividend date was Tuesday, January 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 3.38%. Bank OZK’s dividend payout ratio is 27.36%.

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.