10,911 Shares in Bank OZK (NASDAQ:OZK) Purchased by AGP Franklin LLC

AGP Franklin LLC purchased a new stake in Bank OZK (NASDAQ:OZK) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 10,911 shares of the company’s stock, valued at approximately $486,000.

Several other institutional investors also recently bought and sold shares of OZK. Charles Schwab Investment Management Inc. lifted its position in shares of Bank OZK by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company’s stock valued at $183,909,000 after acquiring an additional 188,575 shares in the last quarter. American Century Companies Inc. raised its stake in Bank OZK by 12.3% in the 4th quarter. American Century Companies Inc. now owns 2,176,997 shares of the company’s stock valued at $96,942,000 after purchasing an additional 238,810 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Bank OZK by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,038,463 shares of the company’s stock valued at $90,798,000 after purchasing an additional 15,484 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Bank OZK by 10.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,464,023 shares of the company’s stock worth $65,193,000 after purchasing an additional 142,587 shares during the last quarter. Finally, Giverny Capital Inc. grew its holdings in shares of Bank OZK by 1.3% during the fourth quarter. Giverny Capital Inc. now owns 1,212,438 shares of the company’s stock worth $53,990,000 after buying an additional 15,064 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Stock Performance

Shares of Bank OZK stock opened at $38.38 on Tuesday. The firm has a market cap of $4.35 billion, a PE ratio of 6.25 and a beta of 1.05. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.64. The business’s fifty day simple moving average is $45.31 and its 200-day simple moving average is $45.90.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company had revenue of $412.34 million for the quarter, compared to analysts’ expectations of $407.19 million. During the same quarter in the prior year, the company posted $1.50 earnings per share. Bank OZK’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 14th will be given a dividend of $0.43 per share. The ex-dividend date is Monday, April 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.48%. This is a boost from Bank OZK’s previous quarterly dividend of $0.42. Bank OZK’s dividend payout ratio (DPR) is presently 28.01%.

Analysts Set New Price Targets

OZK has been the subject of several research reports. Stephens upped their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Morgan Stanley dropped their price target on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company reduced their price objective on Bank OZK from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. Finally, UBS Group assumed coverage on Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $49.38.

Bank OZK 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.