Foster & Motley Inc. Acquires Shares of 4,780 Bank OZK (NASDAQ:OZK)

Foster & Motley Inc. acquired a new stake in shares of Bank OZK (NASDAQ:OZK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,780 shares of the company’s stock, valued at approximately $238,000.

A number of other institutional investors and hedge funds have also bought and sold shares of OZK. Jupiter Asset Management Ltd. increased its stake in Bank OZK by 423.9% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,085,368 shares of the company’s stock valued at $40,235,000 after purchasing an additional 878,212 shares in the last quarter. Van Berkom & Associates Inc. boosted its holdings in shares of Bank OZK by 18.1% during the 3rd quarter. Van Berkom & Associates Inc. now owns 2,031,518 shares of the company’s stock valued at $75,308,000 after acquiring an additional 311,293 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Bank OZK during the 3rd quarter valued at about $10,788,000. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Bank OZK by 86.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 605,606 shares of the company’s stock valued at $22,450,000 after acquiring an additional 280,392 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Bank OZK by 33.2% during the 3rd quarter. American Century Companies Inc. now owns 716,297 shares of the company’s stock valued at $26,553,000 after acquiring an additional 178,620 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OZK. StockNews.com downgraded shares of Bank OZK from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Wells Fargo & Company dropped their price target on shares of Bank OZK from $41.00 to $39.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. Morgan Stanley reaffirmed an “equal weight” rating and set a $48.00 price target on shares of Bank OZK in a report on Monday. Truist Financial dropped their price target on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Monday. Finally, Raymond James raised shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $49.14.

Bank OZK Stock Performance

OZK opened at $46.00 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 7.71 and a beta of 1.27. The company’s 50 day moving average is $43.68 and its 200 day moving average is $43.49. Bank OZK has a 12-month low of $30.72 and a 12-month high of $52.36.

Bank OZK (NASDAQ:OZK) last released its earnings results on Thursday, April 18th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.07. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. The company had revenue of $406.02 million for the quarter, compared to analysts’ expectations of $396.81 million. During the same quarter last year, the business earned $1.41 EPS. On average, equities research analysts predict that Bank OZK will post 6.04 EPS for the current year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were paid a dividend of $0.39 per share. This is a boost from Bank OZK’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.56 dividend on an annualized basis and a yield of 3.39%. Bank OZK’s dividend payout ratio (DPR) is presently 26.13%.

Bank OZK Company 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.