Bank OZK $OZK Shares Acquired by Hodges Capital Management Inc.

Hodges Capital Management Inc. grew its position in Bank OZK (NASDAQ:OZK) by 211.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 335,846 shares of the company’s stock after acquiring an additional 228,146 shares during the period. Bank OZK accounts for approximately 1.3% of Hodges Capital Management Inc.’s holdings, making the stock its 21st largest position. Hodges Capital Management Inc.’s holdings in Bank OZK were worth $15,456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of OZK. Dynamic Technology Lab Private Ltd purchased a new position in shares of Bank OZK in the 3rd quarter valued at $1,301,000. Allianz Asset Management GmbH purchased a new position in shares of Bank OZK in the 3rd quarter valued at $2,026,000. Rhumbline Advisers grew its position in shares of Bank OZK by 7.1% in the 3rd quarter. Rhumbline Advisers now owns 334,376 shares of the company’s stock valued at $17,046,000 after buying an additional 22,188 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Bank OZK by 21.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 285,876 shares of the company’s stock valued at $14,574,000 after buying an additional 51,171 shares during the last quarter. Finally, Villanova Investment Management Co LLC grew its position in shares of Bank OZK by 37.1% in the 3rd quarter. Villanova Investment Management Co LLC now owns 125,780 shares of the company’s stock valued at $6,412,000 after buying an additional 34,049 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on OZK. Morgan Stanley increased their target price on shares of Bank OZK from $57.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Weiss Ratings downgraded shares of Bank OZK from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Wall Street Zen raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. UBS Group started coverage on shares of Bank OZK in a research report on Tuesday, April 7th. They set a “neutral” rating and a $48.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on shares of Bank OZK from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, March 30th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $56.89.

Bank OZK Trading Up 0.6%

Shares of Bank OZK stock opened at $51.04 on Thursday. Bank OZK has a 1 year low of $42.37 and a 1 year high of $53.66. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $5.71 billion, a P/E ratio of 8.31 and a beta of 0.90. The company’s fifty day moving average is $48.00 and its two-hundred day moving average is $47.42.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.02). Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.The business had revenue of $424.32 million for the quarter, compared to analysts’ expectations of $422.62 million. During the same period in the previous year, the business posted $1.47 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 13th were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, April 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.7%. Bank OZK’s payout ratio is presently 30.62%.

Bank OZK Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.