Proficio Capital Partners LLC Invests $660,000 in Bank OZK (NASDAQ:OZK)

Proficio Capital Partners LLC bought a new position in Bank OZK (NASDAQ:OZK) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 14,828 shares of the company’s stock, valued at approximately $660,000.

Several other institutional investors have also recently made changes to their positions in OZK. Wellington Management Group LLP raised its position in shares of Bank OZK by 32.7% in the 3rd quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock worth $181,566,000 after acquiring an additional 1,041,198 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Bank OZK by 124.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after acquiring an additional 942,309 shares in the last quarter. Senvest Management LLC bought a new position in shares of Bank OZK in the 3rd quarter worth approximately $22,306,000. State Street Corp raised its position in shares of Bank OZK by 7.3% in the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company’s stock worth $305,526,000 after acquiring an additional 485,172 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Bank OZK by 395.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 311,866 shares of the company’s stock worth $13,407,000 after acquiring an additional 248,889 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OZK. Morgan Stanley decreased their target price on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $40.00 to $48.00 in a research report on Tuesday, January 21st. UBS Group initiated coverage on Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price objective for the company. Finally, Stephens raised their price objective on 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 research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $50.38.

Bank OZK Stock Up 0.4 %

Bank OZK stock opened at $44.31 on Friday. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 7.22 and a beta of 1.23. The stock has a fifty day simple moving average of $48.23 and a two-hundred day simple moving average of $45.94. Bank OZK has a 12 month low of $37.43 and a 12 month high of $53.64. 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 (NASDAQ:OZK) last posted its earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 EPS. Equities analysts predict that Bank OZK will post 6.02 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. Shareholders of record on Tuesday, January 14th were issued a $0.42 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date was Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.79%. Bank OZK’s dividend payout ratio (DPR) is presently 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.