SVB Wealth LLC Buys 13,951 Shares of Bank OZK (NASDAQ:OZK)

SVB Wealth LLC raised its stake in shares of Bank OZK (NASDAQ:OZK) by 98.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,144 shares of the company’s stock after purchasing an additional 13,951 shares during the period. SVB Wealth LLC’s holdings in Bank OZK were worth $1,402,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC bought a new position in shares of Bank OZK during the 1st quarter valued at about $25,000. Geneos Wealth Management Inc. boosted its holdings in shares of Bank OZK by 94.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 776 shares of the company’s stock valued at $33,000 after purchasing an additional 376 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Bank OZK by 56.6% during the 1st quarter. Covestor Ltd now owns 896 shares of the company’s stock valued at $38,000 after purchasing an additional 324 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in shares of Bank OZK in the 4th quarter valued at about $42,000. Finally, Quarry LP lifted its holdings in shares of Bank OZK by 235.2% in the 1st quarter. Quarry LP now owns 1,106 shares of the company’s stock valued at $38,000 after acquiring an additional 776 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

Analysts Set New Price Targets

OZK has been the subject of a number of analyst reports. Raymond James raised shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a report on Friday, January 5th. Truist Financial lowered their price target on shares of Bank OZK from $52.00 to $48.00 and set a “hold” rating for the company in a report on Monday, April 1st. Citigroup lowered their price target on shares of Bank OZK from $62.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. StockNews.com downgraded shares of Bank OZK from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Finally, UBS Group downgraded shares of Bank OZK from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Bank OZK currently has a consensus rating of “Hold” and an average price target of $48.14.

Bank OZK Stock Up 4.7 %

Shares of NASDAQ OZK opened at $43.80 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $4.96 billion, a P/E ratio of 7.34 and a beta of 1.27. Bank OZK has a 1 year low of $30.72 and a 1 year high of $52.36. The firm has a 50-day simple moving average of $43.34 and a two-hundred day simple moving average of $43.15.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, April 18th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.07. The business had revenue of $406.02 million during the quarter, compared to the consensus estimate of $396.81 million. Bank OZK had a net margin of 28.54% and a return on equity of 15.10%. During the same quarter last year, the firm earned $1.41 earnings per share. Research analysts anticipate that Bank OZK will post 5.87 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 12th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.56%. Bank OZK’s dividend payout ratio (DPR) is 26.13%.

About Bank OZK

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.