Geode Capital Management LLC Has $98.81 Million Stock Holdings in Bank OZK $OZK

Geode Capital Management LLC raised its holdings in Bank OZK (NASDAQ:OZK) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,146,728 shares of the company’s stock after acquiring an additional 29,024 shares during the quarter. Geode Capital Management LLC owned about 1.92% of Bank OZK worth $98,812,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. AlphaQuest LLC raised its position in shares of Bank OZK by 0.9% in the fourth quarter. AlphaQuest LLC now owns 79,429 shares of the company’s stock valued at $3,655,000 after purchasing an additional 698 shares during the period. New Age Alpha Advisors LLC raised its position in shares of Bank OZK by 1.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 94,634 shares of the company’s stock valued at $4,355,000 after purchasing an additional 1,637 shares during the period. Hantz Financial Services Inc. raised its position in shares of Bank OZK by 36.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,582 shares of the company’s stock valued at $73,000 after purchasing an additional 424 shares during the period. Lathrop Investment Management Co. raised its position in shares of Bank OZK by 9.2% in the fourth quarter. Lathrop Investment Management Co. now owns 6,841 shares of the company’s stock valued at $315,000 after purchasing an additional 577 shares during the period. Finally, MQS Management LLC bought a new position in shares of Bank OZK in the fourth quarter valued at approximately $241,000. Institutional investors own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OZK. Morgan Stanley lifted their price target on shares of Bank OZK from $57.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Wells Fargo & Company lifted their price target on shares of Bank OZK from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, March 30th. Weiss Ratings lowered shares of Bank OZK from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Wall Street Zen raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, UBS Group initiated coverage on shares of Bank OZK in a research note on Tuesday, April 7th. They issued a “neutral” rating and a $48.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $56.89.

Bank OZK Trading Up 0.8%

Shares of Bank OZK stock opened at $49.60 on Friday. The company’s fifty day simple moving average is $47.67 and its 200-day simple moving average is $47.24. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 8.08 and a beta of 0.90. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.14. Bank OZK has a 1 year low of $42.37 and a 1 year high of $53.66.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.02). The company had revenue of $424.32 million during the quarter, compared to analyst estimates of $422.62 million. Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.47 EPS. As a group, sell-side analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 13th were paid a $0.47 dividend. The ex-dividend date was Monday, April 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.8%. Bank OZK’s dividend payout ratio (DPR) is presently 30.62%.

Bank OZK Company Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.