Bank OZK (NASDAQ:OZK) Shares Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC raised its position in shares of Bank OZK (NASDAQ:OZK) by 117.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 484,326 shares of the company’s stock after acquiring an additional 261,454 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.39% of Bank OZK worth $19,451,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Bank OZK by 74.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,606 shares of the company’s stock valued at $538,000 after purchasing an additional 5,383 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Bank OZK by 2.1% in the first quarter. Bank of Montreal Can now owns 62,797 shares of the company’s stock valued at $2,738,000 after purchasing an additional 1,308 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Bank OZK by 33.5% in the first quarter. MetLife Investment Management LLC now owns 78,203 shares of the company’s stock valued at $3,339,000 after purchasing an additional 19,621 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Bank OZK by 0.4% in the first quarter. Rhumbline Advisers now owns 328,506 shares of the company’s stock valued at $14,027,000 after purchasing an additional 1,212 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Bank OZK by 10.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 44,341 shares of the company’s stock valued at $1,893,000 after purchasing an additional 4,262 shares during the last quarter. Institutional investors and hedge funds own 84.84% of the company’s stock.

Bank OZK Trading Up 2.4 %

OZK opened at $41.69 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. Bank OZK has a 52 week low of $30.72 and a 52 week high of $49.52. The firm has a market cap of $4.72 billion, a P/E ratio of 7.30 and a beta of 1.36. The business has a fifty day simple moving average of $37.27 and a 200-day simple moving average of $38.49.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Friday, October 20th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.05. Bank OZK had a return on equity of 15.23% and a net margin of 33.35%. The firm had revenue of $591.24 million during the quarter, compared to the consensus estimate of $384.41 million. During the same period in the previous year, the firm posted $1.08 EPS. On average, equities analysts expect that Bank OZK will post 5.83 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 13th were given a dividend of $0.37 per share. This is an increase from Bank OZK’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Thursday, October 12th. Bank OZK’s payout ratio is currently 25.92%.

Analysts Set New Price Targets

Several research analysts recently weighed in on OZK shares. Truist Financial lowered their price objective on Bank OZK from $40.00 to $38.00 and set a “hold” rating for the company in a research report on Monday, October 23rd. Morgan Stanley increased their price objective on Bank OZK from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. StockNews.com started coverage on Bank OZK in a research report on Friday, October 6th. They issued a “hold” rating for the company. Finally, Stephens increased their price objective on Bank OZK from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, July 24th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $40.83.

Bank OZK Company Profile

Bank OZK provides various retail and commercial banking services. The company 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. It also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural equipment, small business, lines of credit, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.