Principal Securities Inc. Has $112,000 Stock Position in Bank OZK (NASDAQ:OZK)

Principal Securities Inc. lifted its holdings in Bank OZK (NASDAQ:OZK) by 12.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,509 shares of the company’s stock after purchasing an additional 283 shares during the quarter. Principal Securities Inc.’s holdings in Bank OZK were worth $112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Raymond James & Associates increased its position in shares of Bank OZK by 4.0% in the third quarter. Raymond James & Associates now owns 246,234 shares of the company’s stock worth $10,586,000 after purchasing an additional 9,385 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Bank OZK by 12.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,327 shares of the company’s stock worth $2,704,000 after purchasing an additional 7,056 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Bank OZK by 15.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 55,911 shares of the company’s stock valued at $2,404,000 after purchasing an additional 7,346 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Bank OZK by 92.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 14,738 shares of the company’s stock valued at $616,000 after buying an additional 7,077 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Bank OZK by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 12,194 shares of the company’s stock valued at $524,000 after acquiring an additional 830 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Price Performance

NASDAQ:OZK opened at $48.02 on Wednesday. Bank OZK has a one year low of $37.43 and a one year high of $53.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The stock has a market cap of $5.45 billion, a PE ratio of 7.82 and a beta of 1.20. The stock has a 50 day moving average price of $47.80 and a 200 day moving average price of $45.58.

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

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were given a dividend of $0.42 per share. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date was Tuesday, January 14th. This represents a $1.68 annualized dividend and a yield of 3.50%. Bank OZK’s dividend payout ratio (DPR) is presently 27.36%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. 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 research note on Tuesday, January 21st. Stephens increased their price target on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Finally, UBS Group initiated coverage on Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.