American Century Companies Inc. Purchases 295,298 Shares of Bank OZK (NASDAQ:OZK)

American Century Companies Inc. increased its position in Bank OZK (NASDAQ:OZK) by 21.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,642,293 shares of the company’s stock after purchasing an additional 295,298 shares during the quarter. American Century Companies Inc. owned approximately 1.45% of Bank OZK worth $67,334,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in OZK. Tidal Investments LLC lifted its holdings in shares of Bank OZK by 4.0% during the first quarter. Tidal Investments LLC now owns 5,491 shares of the company’s stock valued at $250,000 after purchasing an additional 210 shares during the last quarter. Beacon Pointe Advisors LLC raised its stake in Bank OZK by 4.1% during the fourth quarter. Beacon Pointe Advisors LLC now owns 6,247 shares of the company’s stock valued at $311,000 after buying an additional 247 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Bank OZK by 3.9% in the first quarter. HB Wealth Management LLC now owns 6,607 shares of the company’s stock worth $300,000 after acquiring an additional 249 shares in the last quarter. Personal CFO Solutions LLC grew its stake in shares of Bank OZK by 4.0% in the fourth quarter. Personal CFO Solutions LLC now owns 8,465 shares of the company’s stock worth $422,000 after acquiring an additional 329 shares during the last quarter. Finally, Financial Partners Group LLC increased its holdings in shares of Bank OZK by 2.0% during the fourth quarter. Financial Partners Group LLC now owns 19,824 shares of the company’s stock valued at $988,000 after acquiring an additional 382 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Citigroup downgraded shares of Bank OZK from a “buy” rating to a “sell” rating and dropped their target price for the stock from $57.00 to $37.00 in a research note on Wednesday, May 29th. Truist Financial raised their price target on shares of Bank OZK from $41.00 to $49.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Wells Fargo & Company decreased their price objective on shares of Bank OZK from $39.00 to $35.00 and set an “underweight” rating for the company in a report on Thursday, June 6th. Finally, Stephens reiterated an “equal weight” rating and set a $50.00 target price on shares of Bank OZK in a research note on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Bank OZK presently has a consensus rating of “Hold” and a consensus price target of $46.71.

Bank OZK Trading Up 4.1 %

NASDAQ:OZK opened at $41.57 on Monday. The company has a 50 day simple moving average of $42.82 and a two-hundred day simple moving average of $43.19. The company has a market cap of $4.72 billion, a PE ratio of 6.96 and a beta of 1.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. Bank OZK has a 12 month low of $34.76 and a 12 month high of $52.36.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.52. Bank OZK had a return on equity of 14.50% and a net margin of 27.04%. The business had revenue of $416.78 million for the quarter, compared to analysts’ expectations of $414.39 million. During the same period last year, the firm posted $1.47 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Research analysts forecast that Bank OZK will post 6.01 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 12th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Friday, July 12th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.39. Bank OZK’s payout ratio is currently 26.80%.

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.