Horrell Capital Management Inc. Has $4.76 Million Stake in Bank OZK (NASDAQ:OZK)

Horrell Capital Management Inc. increased its stake in Bank OZK (NASDAQ:OZK) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106,878 shares of the company’s stock after purchasing an additional 304 shares during the period. Bank OZK makes up 1.4% of Horrell Capital Management Inc.’s holdings, making the stock its 24th largest position. Horrell Capital Management Inc. owned approximately 0.09% of Bank OZK worth $4,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in OZK. Wellington Management Group LLP lifted its position in shares of Bank OZK by 32.7% in the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock worth $181,566,000 after purchasing an additional 1,041,198 shares in the last quarter. Captrust Financial Advisors lifted its position in Bank OZK by 124.6% during the 3rd quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after buying an additional 942,309 shares in the last quarter. Senvest Management LLC acquired a new position in shares of Bank OZK during the 3rd quarter worth about $22,306,000. State Street Corp grew its holdings in shares of Bank OZK by 7.3% in the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company’s stock valued at $305,526,000 after acquiring an additional 485,172 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Bank OZK in the fourth quarter valued at about $14,077,000. Institutional investors own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on OZK shares. Morgan Stanley reduced their price target on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company raised shares of Bank OZK from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $40.00 to $48.00 in a research note on Tuesday, January 21st. UBS Group initiated coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target on the stock. Finally, Stephens increased their price target on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.38.

Bank OZK Trading Up 0.4 %

OZK stock opened at $44.31 on Monday. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 7.22 and a beta of 1.23. The company has a fifty day moving average price of $48.23 and a two-hundred day moving average price of $45.97. Bank OZK has a one year low of $37.43 and a one year high of $53.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. Bank OZK’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.50 EPS. Equities analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.79%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio (DPR) is 27.36%.

Bank OZK 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.