Bank OZK $OZK Shares Bought by LSV Asset Management

LSV Asset Management raised its position in Bank OZK (NASDAQ:OZK) by 1.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 479,006 shares of the company’s stock after purchasing an additional 4,560 shares during the period. LSV Asset Management’s holdings in Bank OZK were worth $22,542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Semanteon Capital Management LP acquired a new stake in Bank OZK during the 2nd quarter worth $382,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Bank OZK by 17.0% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 10,072 shares of the company’s stock valued at $474,000 after buying an additional 1,466 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its stake in shares of Bank OZK by 139.5% during the second quarter. Ontario Teachers Pension Plan Board now owns 24,577 shares of the company’s stock worth $1,157,000 after buying an additional 14,316 shares during the period. Intech Investment Management LLC grew its holdings in shares of Bank OZK by 3.5% during the second quarter. Intech Investment Management LLC now owns 31,499 shares of the company’s stock worth $1,482,000 after buying an additional 1,063 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Bank OZK by 7.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,145 shares of the company’s stock worth $1,277,000 after buying an additional 1,925 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on OZK shares. Wells Fargo & Company upped their price target on Bank OZK from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Cowen reissued a “buy” rating on shares of Bank OZK in a research note on Tuesday, October 21st. Zacks Research cut shares of Bank OZK from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. National Bankshares set a $67.00 target price on shares of Bank OZK in a report on Wednesday, September 24th. Finally, TD Cowen started coverage on shares of Bank OZK in a research note on Thursday, September 25th. They set a “buy” rating and a $67.00 price target on the stock. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $58.75.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $43.00 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 1.03. Bank OZK has a one year low of $35.71 and a one year high of $53.66. The firm has a market capitalization of $4.89 billion, a P/E ratio of 6.94 and a beta of 0.94. The company’s fifty day moving average is $48.32 and its two-hundred day moving average is $48.40.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, October 16th. The company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.07). The company had revenue of $449.94 million during the quarter, compared to analyst estimates of $447.93 million. Bank OZK had a net margin of 25.81% and a return on equity of 13.00%. During the same quarter last year, the business earned $1.55 EPS. Analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 14th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Tuesday, October 14th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.44. Bank OZK’s payout ratio is 29.03%.

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.