Bank OZK (NASDAQ:OZK) Shares Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC raised its position in Bank OZK (NASDAQ:OZK) by 0.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 509,581 shares of the company’s stock after buying an additional 3,283 shares during the quarter. Clearbridge Investments LLC owned about 0.45% of Bank OZK worth $25,392,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in shares of Bank OZK in the fourth quarter valued at about $31,000. Bare Financial Services Inc acquired a new position in Bank OZK during the 4th quarter worth approximately $36,000. SRS Capital Advisors Inc. raised its stake in shares of Bank OZK by 303.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 929 shares of the company’s stock worth $46,000 after buying an additional 699 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Bank OZK by 25.5% in the 3rd quarter. Fifth Third Bancorp now owns 1,487 shares of the company’s stock valued at $55,000 after buying an additional 302 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Bank OZK by 601.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,402 shares of the company’s stock valued at $69,000 after buying an additional 1,202 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com downgraded Bank OZK from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Citigroup lowered their target price on shares of Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, March 13th. Wells Fargo & Company dropped their target price on shares of Bank OZK from $41.00 to $39.00 and set an “underweight” rating for the company in a report on Thursday, February 1st. Truist Financial dropped their target price on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating for the company in a report on Monday, April 22nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $48.00 target price on shares of Bank OZK in a report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $49.14.

Bank OZK Trading Down 3.4 %

Shares of OZK opened at $46.40 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 1.03. The firm has a 50 day simple moving average of $45.30 and a 200-day simple moving average of $44.97. Bank OZK has a 1-year low of $34.24 and a 1-year high of $52.36. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 7.77 and a beta of 1.24.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.07. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. The business had revenue of $406.02 million during the quarter, compared to analysts’ expectations of $396.81 million. During the same period last year, the company posted $1.41 EPS. Equities analysts forecast that Bank OZK will post 6.09 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were paid a $0.39 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.36%. The ex-dividend date was Thursday, April 11th. Bank OZK’s payout ratio is presently 26.13%.

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.