Campbell & CO Investment Adviser LLC Purchases Shares of 14,449 Bank OZK (NASDAQ:OZK)

Campbell & CO Investment Adviser LLC bought a new stake in Bank OZK (NASDAQ:OZKFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,449 shares of the company’s stock, valued at approximately $536,000.

Several other institutional investors also recently added to or reduced their stakes in the business. 1832 Asset Management L.P. grew its stake in shares of Bank OZK by 18.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,460 shares of the company’s stock worth $58,000 after acquiring an additional 223 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Bank OZK by 2.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 11,571 shares of the company’s stock valued at $457,000 after purchasing an additional 228 shares during the period. Boothbay Fund Management LLC boosted its holdings in Bank OZK by 2.5% in the 2nd quarter. Boothbay Fund Management LLC now owns 12,286 shares of the company’s stock valued at $493,000 after purchasing an additional 295 shares during the period. Fifth Third Bancorp grew its position in Bank OZK by 25.5% in the 3rd quarter. Fifth Third Bancorp now owns 1,487 shares of the company’s stock worth $55,000 after purchasing an additional 302 shares during the last quarter. Finally, BTC Capital Management Inc. increased its holdings in shares of Bank OZK by 1.6% during the 3rd quarter. BTC Capital Management Inc. now owns 18,982 shares of the company’s stock worth $704,000 after purchasing an additional 304 shares during the period. 84.84% of the stock is owned by institutional investors.

Bank OZK Stock Performance

Shares of NASDAQ:OZK opened at $43.15 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.03 and a quick ratio of 1.05. The business’s fifty day moving average price is $47.33 and its two-hundred day moving average price is $42.03. Bank OZK has a fifty-two week low of $30.72 and a fifty-two week high of $52.36. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 7.35 and a beta of 1.29.

Bank OZK (NASDAQ:OZKGet Free Report) last announced its earnings results on Friday, January 19th. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.04. The business had revenue of $407.58 million during the quarter, compared to analysts’ expectations of $396.54 million. Bank OZK had a net margin of 30.69% and a return on equity of 15.13%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $1.34 EPS. As a group, analysts predict that Bank OZK will post 5.94 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 16th were paid a $0.38 dividend. The ex-dividend date was Friday, January 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.52%. This is a boost from Bank OZK’s previous quarterly dividend of $0.37. Bank OZK’s payout ratio is 25.89%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on OZK shares. Morgan Stanley increased their target price on shares of Bank OZK from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. Wells Fargo & Company lowered their price objective on Bank OZK from $41.00 to $39.00 and set an “underweight” rating on the stock in a research report on Thursday, February 1st. Raymond James raised Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research report on Friday, January 5th. Finally, Citigroup began coverage on shares of Bank OZK in a report on Friday, December 1st. They issued a “buy” rating and a $50.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $46.50.

Read Our Latest Analysis on Bank OZK

Bank OZK Company Profile

(Free Report)

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.

See Also

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

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