Commonwealth Equity Services LLC Buys 4,634 Shares of Bank OZK (NASDAQ:OZK)

Commonwealth Equity Services LLC lifted its holdings in shares of Bank OZK (NASDAQ:OZK – Get Rating) by 40.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,205 shares of the company’s stock after purchasing an additional 4,634 shares during the period. Commonwealth Equity Services LLC’s holdings in Bank OZK were worth $649,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Lazard Asset Management LLC bought a new stake in Bank OZK in the 1st quarter worth $25,000. Geneos Wealth Management Inc. grew 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 during the last quarter. CWM LLC grew its stake in shares of Bank OZK by 238.8% in the fourth quarter. CWM LLC now owns 813 shares of the company’s stock worth $33,000 after purchasing an additional 573 shares during the last quarter. Covestor Ltd grew its stake in shares of Bank OZK by 56.6% in the first quarter. Covestor Ltd now owns 896 shares of the company’s stock worth $38,000 after purchasing an additional 324 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its stake in shares of Bank OZK by 48.8% in the first quarter. 1832 Asset Management L.P. now owns 1,494 shares of the company’s stock worth $63,000 after purchasing an additional 490 shares during the last quarter. Institutional investors own 76.17% of the company’s stock.

Analyst Ratings Changes

OZK has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their target price on Bank OZK from $40.00 to $35.00 and set a “market perform” rating on the stock in a research note on Thursday, April 6th. StockNews.com initiated coverage on Bank OZK in a research note on Thursday, May 18th. They issued a “sell” rating on the stock. 92 Resources reissued a “maintains” rating on shares of Bank OZK in a research note on Tuesday, May 16th. UBS Group lifted their price objective on Bank OZK from $41.00 to $42.00 in a research report on Monday, April 24th. Finally, Truist Financial cut their price objective on Bank OZK from $40.00 to $38.00 in a research report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Bank OZK has a consensus rating of “Hold” and an average target price of $40.57.

Bank OZK Stock Performance

Shares of OZK opened at $35.46 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average price is $34.31 and its 200-day moving average price is $40.26. Bank OZK has a 52 week low of $30.72 and a 52 week high of $49.52. The stock has a market cap of $4.45 billion, a P/E ratio of 7.19 and a beta of 1.37.

Bank OZK (NASDAQ:OZK – Get Rating) last issued its quarterly earnings results on Friday, April 21st. The company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.02). Bank OZK had a return on equity of 13.95% and a net margin of 38.48%. The company had revenue of $375.30 million during the quarter, compared to the consensus estimate of $361.56 million. During the same period in the prior year, the firm earned $1.02 earnings per share. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. Equities research analysts anticipate that Bank OZK will post 5.78 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Investors of record on Friday, April 14th were issued a $0.35 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend was Thursday, April 13th. Bank OZK’s payout ratio is presently 28.40%.

About Bank OZK

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Bank OZK engages in the provision of community banking services. The firm offers deposit services such as checking, savings, money market, time deposit, and individual retirement accounts. It also provides loan services including types of real estate, consumer, commercial, industrial, and agricultural loans.