Allspring Global Investments Holdings LLC Purchases 36,266 Shares of Bank OZK (NASDAQ:OZK)

Allspring Global Investments Holdings LLC lifted its position in shares of Bank OZK (NASDAQ:OZK) by 76.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,631 shares of the company’s stock after acquiring an additional 36,266 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.07% of Bank OZK worth $3,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in OZK. M&T Bank Corp lifted its stake in Bank OZK by 1.9% in the 3rd quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock valued at $578,000 after purchasing an additional 244 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Bank OZK by 2.1% in the 4th quarter. Pacer Advisors Inc. now owns 15,733 shares of the company’s stock valued at $701,000 after purchasing an additional 325 shares during the last quarter. Savant Capital LLC lifted its stake in Bank OZK by 0.7% in the 4th quarter. Savant Capital LLC now owns 46,784 shares of the company’s stock valued at $2,083,000 after purchasing an additional 327 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in Bank OZK by 3.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 10,555 shares of the company’s stock valued at $470,000 after purchasing an additional 373 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its stake in Bank OZK by 6.0% in the 3rd 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 during the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Down 2.2 %

OZK opened at $49.40 on Friday. Bank OZK has a twelve month low of $37.43 and a twelve month high of $53.64. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average of $47.77 and a 200-day moving average of $45.38. The stock has a market cap of $5.60 billion, a PE ratio of 8.05 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data 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. The firm had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 earnings per share. On average, sell-side analysts predict that Bank OZK will post 6.03 EPS for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Tuesday, January 14th. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio (DPR) is 27.36%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OZK. UBS Group began coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target for the company. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $40.00 to $48.00 in a research report on Tuesday, January 21st. Finally, Stephens upped their price target on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $50.00.

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.