Bank OZK (NASDAQ:OZK) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in Bank OZK (NASDAQ:OZK) by 13.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,902 shares of the company’s stock after purchasing an additional 2,674 shares during the quarter. Natixis Advisors LLC’s holdings in Bank OZK were worth $975,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in OZK. Raymond James Trust N.A. grew its position in shares of Bank OZK by 6.0% during the third quarter. Raymond James Trust N.A. now owns 7,184 shares of the company’s stock worth $309,000 after acquiring an additional 407 shares during the last quarter. Citigroup Inc. increased its stake in Bank OZK by 5.5% in the third quarter. Citigroup Inc. now owns 290,787 shares of the company’s stock valued at $12,501,000 after purchasing an additional 15,265 shares during the period. Cerity Partners LLC raised its holdings in shares of Bank OZK by 112.8% in the third quarter. Cerity Partners LLC now owns 51,717 shares of the company’s stock valued at $2,223,000 after buying an additional 27,409 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Bank OZK by 43.0% during the third quarter. Quantbot Technologies LP now owns 270,132 shares of the company’s stock worth $11,613,000 after buying an additional 81,265 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Bank OZK by 395.2% during the third quarter. BNP Paribas Financial Markets now owns 311,866 shares of the company’s stock worth $13,407,000 after buying an additional 248,889 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Analysts Set New Price Targets

OZK has been the subject of several analyst reports. UBS Group initiated coverage on Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price objective for the company. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. Stephens boosted their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Finally, Morgan Stanley reduced their target price on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. 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 a consensus rating of “Hold” and a consensus price target of $50.38.

Bank OZK Price Performance

Shares of NASDAQ:OZK opened at $45.26 on Wednesday. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 7.37 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The business’s 50 day simple moving average is $48.31 and its 200-day simple moving average is $46.04. Bank OZK has a 12 month low of $37.43 and a 12 month high of $53.64.

Bank OZK (NASDAQ:OZK) last issued 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. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm had revenue of $412.34 million during the quarter, compared to the consensus estimate of $407.19 million. During the same period in the previous year, the firm posted $1.50 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were given a dividend of $0.42 per share. The ex-dividend date was Tuesday, January 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 3.71%. Bank OZK’s dividend payout ratio is 27.36%.

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.