Nisa Investment Advisors LLC Increases Position in Bank OZK $OZK

Nisa Investment Advisors LLC lifted its position in Bank OZK (NASDAQ:OZK) by 10.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,788 shares of the company’s stock after purchasing an additional 4,919 shares during the period. Nisa Investment Advisors LLC’s holdings in Bank OZK were worth $2,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of OZK. Summit Securities Group LLC purchased a new stake in shares of Bank OZK in the first quarter worth $32,000. Brooklyn Investment Group lifted its holdings in shares of Bank OZK by 1,114.3% in the first quarter. Brooklyn Investment Group now owns 1,105 shares of the company’s stock worth $48,000 after buying an additional 1,014 shares in the last quarter. Parallel Advisors LLC raised its stake in Bank OZK by 70.8% during the second quarter. Parallel Advisors LLC now owns 1,124 shares of the company’s stock valued at $53,000 after purchasing an additional 466 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Bank OZK by 1,137.9% during the second quarter. Farther Finance Advisors LLC now owns 1,535 shares of the company’s stock valued at $72,000 after purchasing an additional 1,411 shares in the last quarter. Finally, Quarry LP purchased a new stake in Bank OZK during the first quarter valued at $79,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Performance

Shares of Bank OZK stock opened at $44.55 on Friday. The firm has a market capitalization of $5.07 billion, a P/E ratio of 7.19 and a beta of 0.88. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $50.45 and a 200 day moving average price of $48.08. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.66.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, October 16th. The company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.07). The company had revenue of $449.94 million during the quarter, compared to analysts’ expectations 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 business earned $1.55 earnings per share. Sell-side analysts expect that Bank OZK will post 6.02 EPS for the current 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 issued a $0.45 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, October 14th. This represents a $1.80 annualized dividend and a yield of 4.0%. Bank OZK’s dividend payout ratio is currently 29.03%.

Analysts Set New Price Targets

A number of research firms recently issued reports on OZK. Stephens raised shares of Bank OZK from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $58.00 to $65.00 in a research note on Wednesday, August 20th. Cowen restated a “buy” rating on shares of Bank OZK in a report on Tuesday, October 21st. Raymond James Financial upgraded 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 Tuesday, July 8th. Keefe, Bruyette & Woods cut their price target on shares of Bank OZK from $53.00 to $50.00 and set a “market perform” rating on the stock in a report on Monday, October 20th. Finally, UBS Group cut their price target on shares of Bank OZK from $57.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $58.75.

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.