Envestnet Portfolio Solutions Inc. Acquires Shares of 4,540 Bank OZK (NASDAQ:OZK)

Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Bank OZK (NASDAQ:OZK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,540 shares of the company’s stock, valued at approximately $202,000.

Several other large investors have also recently made changes to their positions in the company. M&T Bank Corp lifted 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 valued at $578,000 after purchasing an additional 244 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of Bank OZK by 12.7% in the 4th quarter. Principal Securities Inc. now owns 2,509 shares of the company’s stock valued at $112,000 after acquiring an additional 283 shares during the last quarter. Arizona State Retirement System grew its position in Bank OZK by 1.0% in the fourth quarter. Arizona State Retirement System now owns 31,253 shares of the company’s stock worth $1,392,000 after acquiring an additional 305 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Bank OZK by 2.1% during the 4th quarter. Pacer Advisors Inc. now owns 15,733 shares of the company’s stock valued at $701,000 after purchasing an additional 325 shares during the last quarter. Finally, Savant Capital LLC boosted 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 buying an additional 327 shares during the period. 86.18% of the stock is owned by institutional investors.

Bank OZK Stock Down 2.8 %

OZK stock opened at $43.73 on Friday. 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 52 week low of $37.43 and a 52 week high of $53.64. The stock has a market capitalization of $4.96 billion, a PE ratio of 7.12 and a beta of 1.23. The firm has a 50 day moving average of $48.19 and a 200 day moving average of $46.05.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $407.19 million. During the same quarter in the previous year, the business earned $1.50 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Sell-side analysts forecast that Bank OZK will post 6.02 earnings per share for the current 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. This represents a $1.68 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK’s dividend payout ratio (DPR) is currently 27.36%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OZK. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. UBS Group initiated coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 target price for the company. Morgan Stanley decreased their price objective on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Finally, 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 report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Bank OZK currently has an average rating of “Hold” and an average 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.