Van ECK Associates Corp Increases Position in Bank OZK (NASDAQ:OZK)

Van ECK Associates Corp lifted its position in Bank OZK (NASDAQ:OZKGet Rating) by 9.9% in the third quarter, HoldingsChannel.com reports. The firm owned 3,338 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Van ECK Associates Corp’s holdings in Bank OZK were worth $132,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OZK. Lazard Asset Management LLC purchased a new stake in shares of Bank OZK in the first quarter worth $25,000. CX Institutional purchased a new stake in shares of Bank OZK in the second quarter worth $26,000. Venture Visionary Partners LLC purchased a new stake in shares of Bank OZK in the second quarter worth $32,000. Geneos Wealth Management Inc. increased its stake in shares of Bank OZK by 94.0% in the first quarter. Geneos Wealth Management Inc. now owns 776 shares of the company’s stock worth $33,000 after purchasing an additional 376 shares in the last quarter. Finally, Ronald Blue Trust Inc. purchased a new stake in shares of Bank OZK in the second quarter worth $37,000. 76.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OZK has been the subject of a number of research reports. Morgan Stanley initiated coverage on shares of Bank OZK in a research report on Monday, December 5th. They set an “equal weight” rating and a $48.00 target price for the company. Keefe, Bruyette & Woods dropped their target price on shares of Bank OZK from $45.00 to $40.00 and set a “market perform” rating for the company in a research report on Wednesday, January 4th. StockNews.com initiated coverage on shares of Bank OZK in a research report on Wednesday, October 12th. They set a “hold” rating for the company. UBS Group upped their target price on shares of Bank OZK to $48.00 in a research report on Wednesday, November 16th. Finally, Truist Financial dropped their target price on shares of Bank OZK from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Tuesday, October 25th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $46.44.

Bank OZK Price Performance

OZK stock opened at $40.15 on Friday. Bank OZK has a 52 week low of $34.79 and a 52 week high of $49.46. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $42.47 and a two-hundred day simple moving average of $41.50. The firm has a market capitalization of $5.04 billion, a P/E ratio of 9.19 and a beta of 1.38.

Bank OZK (NASDAQ:OZKGet Rating) last released its quarterly earnings data on Thursday, October 20th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.10). Bank OZK had a net margin of 43.58% and a return on equity of 12.72%. The business had revenue of $323.78 million for the quarter, compared to the consensus estimate of $305.09 million. During the same quarter last year, the business earned $1.00 EPS. Bank OZK’s revenue for the quarter was up 18.2% compared to the same quarter last year. Analysts anticipate that Bank OZK will post 4.5 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 24th. Stockholders of record on Tuesday, January 17th will be paid a $0.34 dividend. The ex-dividend date is Friday, January 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.39%. This is an increase from Bank OZK’s previous quarterly dividend of $0.33. Bank OZK’s dividend payout ratio is currently 31.12%.

Bank OZK Company Profile

(Get Rating)

Bank OZK provides various retail and commercial banking services. It accepts various deposit products, including non-interest-bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. The company also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.

Further Reading

Want to see what other hedge funds are holding OZK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank OZK (NASDAQ:OZKGet Rating).

Institutional Ownership by Quarter for Bank OZK (NASDAQ:OZK)

Receive News & Ratings for Bank OZK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank OZK and related companies with MarketBeat.com's FREE daily email newsletter.