Jones Financial Companies Lllp Has $93,000 Stake in Bank OZK (NASDAQ:OZK)

Jones Financial Companies Lllp grew its position in Bank OZK (NASDAQ:OZK) by 44.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,095 shares of the company’s stock after purchasing an additional 643 shares during the quarter. Jones Financial Companies Lllp’s holdings in Bank OZK were worth $93,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. M&T Bank Corp grew its position in Bank OZK by 1.9% during the third quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock worth $578,000 after buying an additional 244 shares in the last quarter. Principal Securities Inc. lifted its stake in Bank OZK by 12.7% during the fourth quarter. Principal Securities Inc. now owns 2,509 shares of the company’s stock worth $112,000 after purchasing an additional 283 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Bank OZK by 2.1% during the fourth quarter. Pacer Advisors Inc. now owns 15,733 shares of the company’s stock worth $701,000 after purchasing an additional 325 shares during the last quarter. Savant Capital LLC lifted its stake in Bank OZK by 0.7% during the fourth quarter. Savant Capital LLC now owns 46,784 shares of the company’s stock worth $2,083,000 after purchasing an additional 327 shares during the last quarter. Finally, Pallas Capital Advisors LLC lifted its stake in Bank OZK by 3.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 10,555 shares of the company’s stock worth $470,000 after purchasing an additional 373 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Stock Up 2.9 %

Shares of NASDAQ:OZK opened at $44.19 on Monday. The firm has a market cap of $5.01 billion, a P/E ratio of 7.20 and a beta of 1.23. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. Bank OZK has a 12-month low of $37.43 and a 12-month high of $53.64. The business has a fifty day simple moving average of $48.11 and a 200 day simple moving average of $45.92.

Bank OZK (NASDAQ:OZK) last announced its earnings results 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. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. During the same period last year, the company earned $1.50 EPS. Bank OZK’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were issued a dividend of $0.42 per share. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK’s dividend payout ratio (DPR) is presently 27.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on OZK shares. Stephens upped their target price on Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. UBS Group started coverage on Bank OZK in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target for the company. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $40.00 to $48.00 in a research note on Tuesday, January 21st. Finally, Morgan Stanley dropped their price target on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Bank OZK currently has an average rating of “Hold” and a consensus target price of $50.38.

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.