Bank OZK (NASDAQ:OZK) Shares Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC lifted its stake in Bank OZK (NASDAQ:OZK) by 23.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,709 shares of the company’s stock after purchasing an additional 3,986 shares during the quarter. CWA Asset Management Group LLC’s holdings in Bank OZK were worth $922,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Bank OZK by 30.7% during the 3rd quarter. Barclays PLC now owns 254,874 shares of the company’s stock worth $10,958,000 after acquiring an additional 59,907 shares during the period. Geode Capital Management LLC raised its stake in Bank OZK by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock worth $86,989,000 after purchasing an additional 126,352 shares during the period. Verition Fund Management LLC boosted its holdings in Bank OZK by 68.6% in the 3rd quarter. Verition Fund Management LLC now owns 34,869 shares of the company’s stock valued at $1,499,000 after purchasing an additional 14,189 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Bank OZK by 112.8% in the 3rd 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 period. Finally, Captrust Financial Advisors increased its holdings in shares of Bank OZK by 124.6% during the 3rd quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after buying an additional 942,309 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on OZK shares. Piper Sandler increased their price objective on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Truist Financial lowered their price target on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a report on Monday, October 21st. Wells Fargo & Company boosted their price objective on shares of Bank OZK from $35.00 to $40.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. 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. Finally, Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $48.25.

Bank OZK Price Performance

Shares of OZK opened at $43.40 on Wednesday. The company has a market cap of $4.92 billion, a P/E ratio of 7.14 and a beta of 1.20. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $51.50. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. The firm’s 50 day moving average price is $46.59 and its 200 day moving average price is $44.00.

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

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a yield of 3.87%. Bank OZK’s dividend payout ratio (DPR) is currently 27.63%.

About Bank OZK

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.