Wealth Enhancement Advisory Services LLC Has $2.43 Million Stock Holdings in Bank OZK (NASDAQ:OZK)

Wealth Enhancement Advisory Services LLC increased its stake in shares of Bank OZK (NASDAQ:OZK) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 56,592 shares of the company’s stock after buying an additional 681 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Bank OZK were worth $2,433,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CWA Asset Management Group LLC boosted its holdings in shares of Bank OZK by 23.8% during the fourth quarter. CWA Asset Management Group LLC now owns 20,709 shares of the company’s stock worth $922,000 after acquiring an additional 3,986 shares during the period. GAMMA Investing LLC lifted its holdings in Bank OZK by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 4,758 shares of the company’s stock worth $212,000 after purchasing an additional 606 shares during the last quarter. Rule One Partners LLC bought a new stake in Bank OZK in the 3rd quarter valued at $1,720,000. Geode Capital Management LLC grew its holdings in Bank OZK by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock valued at $86,989,000 after buying an additional 126,352 shares in the last quarter. Finally, Greenwood Gearhart Inc. increased its position in Bank OZK by 4.7% during the 3rd quarter. Greenwood Gearhart Inc. now owns 30,036 shares of the company’s stock worth $1,291,000 after buying an additional 1,360 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Stock Up 3.9 %

OZK stock opened at $44.00 on Wednesday. The stock has a market capitalization of $4.99 billion, a P/E ratio of 7.24 and a beta of 1.20. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $46.48 and a 200-day moving average price of $44.12. Bank OZK has a 12 month low of $37.43 and a 12 month high of $51.50.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.53 by $0.02. The business had revenue of $423.00 million during the quarter, compared to the consensus estimate of $419.08 million. Bank OZK had a net margin of 26.07% and a return on equity of 14.15%. As a group, equities research analysts anticipate that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a yield of 3.82%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s payout ratio is currently 27.63%.

Wall Street Analysts Forecast Growth

OZK has been the topic of several research reports. Wells Fargo & Company upped their price target on shares of Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Stephens boosted their price target on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Piper Sandler lifted their price objective on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Truist Financial cut their target price on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Bank OZK presently has a consensus rating of “Hold” and a consensus price target of $48.25.

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.