Bank OZK $OZK Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. lifted its holdings in shares of Bank OZK (NASDAQ:OZK) by 11,430.6% in the second quarter, HoldingsChannel reports. The firm owned 4,151 shares of the company’s stock after acquiring an additional 4,115 shares during the period. First Horizon Advisors Inc.’s holdings in Bank OZK were worth $195,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hantz Financial Services Inc. increased its position in Bank OZK by 58.2% during the second quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock worth $28,000 after buying an additional 217 shares in the last quarter. Summit Securities Group LLC purchased a new position in Bank OZK in the 1st quarter valued at about $32,000. Brooklyn Investment Group boosted its stake in shares of Bank OZK by 1,114.3% during the 1st quarter. Brooklyn Investment Group now owns 1,105 shares of the company’s stock worth $48,000 after purchasing an additional 1,014 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Bank OZK during the second quarter worth about $52,000. Finally, Parallel Advisors LLC raised its position in shares of Bank OZK by 70.8% in the second quarter. Parallel Advisors LLC now owns 1,124 shares of the company’s stock valued at $53,000 after buying an additional 466 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

Bank OZK stock opened at $44.38 on Friday. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 7.16 and a beta of 0.94. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.04. The stock’s 50-day moving average is $49.50 and its 200-day moving average is $48.31.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Thursday, October 16th. The company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.The firm had revenue of $449.94 million for the quarter, compared to analysts’ expectations of $447.93 million. During the same quarter in the previous year, the firm posted $1.55 EPS. Equities analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 14th were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 4.1%. Bank OZK’s dividend payout ratio (DPR) is currently 29.03%.

Analyst Upgrades and Downgrades

OZK has been the subject of several analyst reports. Wells Fargo & Company boosted their price target on Bank OZK from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Wall Street Zen lowered Bank OZK from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Cowen reaffirmed a “buy” rating on shares of Bank OZK in a research note on Tuesday, October 21st. Morgan Stanley increased their price objective on shares of Bank OZK from $55.00 to $63.00 and gave the stock an “underperform” rating in a report on Monday, September 29th. Finally, TD Cowen started coverage on shares of Bank OZK in a report on Thursday, September 25th. They issued a “buy” rating and a $67.00 target price for the company. Five investment 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $58.75.

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.