Cabot Wealth Management Inc. Boosts Holdings in Bank OZK (NASDAQ:OZK)

Cabot Wealth Management Inc. lifted its position in Bank OZK (NASDAQ:OZK) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 295,300 shares of the company’s stock after buying an additional 3,279 shares during the period. Bank OZK comprises 1.7% of Cabot Wealth Management Inc.’s portfolio, making the stock its 21st largest holding. Cabot Wealth Management Inc. owned about 0.26% of Bank OZK worth $13,150,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James & Associates lifted its position in Bank OZK by 4.0% during the third quarter. Raymond James & Associates now owns 246,234 shares of the company’s stock valued at $10,586,000 after purchasing an additional 9,385 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Bank OZK by 12.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,327 shares of the company’s stock valued at $2,704,000 after purchasing an additional 7,056 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in Bank OZK by 4,233.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 57,455 shares of the company’s stock valued at $2,470,000 after buying an additional 56,129 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Bank OZK by 15.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 55,911 shares of the company’s stock valued at $2,404,000 after purchasing an additional 7,346 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Bank OZK by 92.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 14,738 shares of the company’s stock worth $616,000 after buying an additional 7,077 shares during the last quarter. 86.18% of the stock is owned by institutional investors.

Bank OZK Trading Down 3.9 %

OZK opened at $47.45 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 7.73 and a beta of 1.20. Bank OZK has a 12 month low of $37.43 and a 12 month high of $53.64. The stock has a fifty day moving average price of $47.78 and a 200-day moving average price of $45.46.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.12. The company had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.50 earnings per share. As a group, equities research analysts anticipate that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Tuesday, January 14th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s payout ratio is 27.36%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OZK. UBS Group began coverage on Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 target price on the stock. Wells Fargo & Company raised shares of Bank OZK from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Finally, Stephens boosted their price target on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. One investment 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 MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.00.

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.