Bank OZK $OZK Shares Acquired by QV Investors Inc.

QV Investors Inc. increased its position in Bank OZK (NASDAQ:OZK) by 18.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 219,080 shares of the company’s stock after buying an additional 33,430 shares during the quarter. QV Investors Inc.’s holdings in Bank OZK were worth $10,310,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of OZK. GAMMA Investing LLC lifted its holdings in shares of Bank OZK by 17.9% in the first quarter. GAMMA Investing LLC now owns 5,608 shares of the company’s stock valued at $244,000 after buying an additional 850 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Bank OZK by 16.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 72,865 shares of the company’s stock valued at $3,166,000 after buying an additional 10,229 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Bank OZK by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 12,359 shares of the company’s stock valued at $536,000 after buying an additional 330 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Bank OZK by 4.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,693 shares of the company’s stock valued at $1,029,000 after buying an additional 1,086 shares during the period. Finally, Artemis Investment Management LLP lifted its holdings in shares of Bank OZK by 15.5% in the first quarter. Artemis Investment Management LLP now owns 97,260 shares of the company’s stock valued at $4,226,000 after buying an additional 13,087 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on OZK shares. Stephens upgraded Bank OZK from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $58.00 to $65.00 in a report on Wednesday, August 20th. Cowen reaffirmed a “buy” rating on shares of Bank OZK in a research report on Tuesday. Keefe, Bruyette & Woods cut their target price on Bank OZK from $53.00 to $50.00 and set a “market perform” rating on the stock in a research report on Monday, October 20th. Morgan Stanley boosted their target price on Bank OZK from $55.00 to $63.00 and gave the stock an “underperform” rating in a research report on Monday, September 29th. Finally, Wells Fargo & Company boosted their target price on Bank OZK from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $58.88.

Bank OZK Stock Up 1.5%

NASDAQ:OZK opened at $45.74 on Friday. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 7.38 and a beta of 0.88. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average price is $50.81 and its 200 day moving average price is $47.91.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, October 16th. The company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.07). The business had revenue of $449.94 million for the quarter, compared to analyst estimates of $447.93 million. Bank OZK had a net margin of 25.81% and a return on equity of 13.00%. During the same period in the previous year, the firm posted $1.55 earnings per share. On average, sell-side analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 14th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 14th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a yield of 3.9%. Bank OZK’s payout ratio is presently 29.03%.

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.