Rhumbline Advisers Acquires 5,538 Shares of Bank OZK (NASDAQ:OZK)

Rhumbline Advisers lifted its position in Bank OZK (NASDAQ:OZK) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 342,417 shares of the company’s stock after purchasing an additional 5,538 shares during the quarter. Rhumbline Advisers owned 0.30% of Bank OZK worth $15,248,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Barclays PLC grew its holdings in shares of Bank OZK by 30.7% in the 3rd quarter. Barclays PLC now owns 254,874 shares of the company’s stock worth $10,958,000 after purchasing an additional 59,907 shares during the last quarter. Geode Capital Management LLC lifted its position in Bank OZK by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock worth $86,989,000 after buying an additional 126,352 shares in the last quarter. Verition Fund Management LLC lifted its position in Bank OZK by 68.6% during the 3rd quarter. Verition Fund Management LLC now owns 34,869 shares of the company’s stock worth $1,499,000 after buying an additional 14,189 shares in the last quarter. Cerity Partners LLC lifted its position in Bank OZK by 112.8% during the 3rd quarter. Cerity Partners LLC now owns 51,717 shares of the company’s stock worth $2,223,000 after buying an additional 27,409 shares in the last quarter. Finally, Alpha DNA Investment Management LLC acquired a new position in Bank OZK during the 3rd quarter worth about $529,000. Institutional investors own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on OZK shares. UBS Group started coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target on the stock. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Finally, Stephens upped their target price 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 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.00.

Bank OZK Stock Performance

Bank OZK stock opened at $47.45 on Friday. The company has a market cap of $5.38 billion, a PE ratio of 7.73 and a beta of 1.20. The company’s 50-day moving average is $47.78 and its two-hundred day moving average is $45.46. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. Bank OZK has a 1 year low of $37.43 and a 1 year high of $53.64.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. Bank OZK’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company posted $1.50 EPS. Equities analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.54%. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date was Tuesday, January 14th. Bank OZK’s dividend payout ratio (DPR) is currently 27.36%.

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.