Hussman Strategic Advisors Inc. Acquires 10,500 Shares of Bank OZK $OZK

Hussman Strategic Advisors Inc. lifted its holdings in shares of Bank OZK (NASDAQ:OZK) by 25.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,500 shares of the company’s stock after acquiring an additional 10,500 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Bank OZK were worth $2,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OZK. Royal Bank of Canada raised its holdings in shares of Bank OZK by 37.8% during the first quarter. Royal Bank of Canada now owns 41,257 shares of the company’s stock valued at $1,792,000 after acquiring an additional 11,310 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Bank OZK by 14.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,690 shares of the company’s stock valued at $2,029,000 after acquiring an additional 5,717 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Bank OZK by 1.8% during the first quarter. Empowered Funds LLC now owns 60,037 shares of the company’s stock valued at $2,609,000 after acquiring an additional 1,058 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Bank OZK by 8.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 349,749 shares of the company’s stock valued at $15,197,000 after acquiring an additional 26,676 shares in the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of Bank OZK by 11.0% during the first quarter. Focus Partners Wealth now owns 17,711 shares of the company’s stock valued at $770,000 after acquiring an additional 1,756 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

Analyst Ratings Changes

OZK has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on Bank OZK from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, March 30th. Piper Sandler set a $62.00 price target on Bank OZK in a research note on Thursday, January 22nd. Weiss Ratings raised Bank OZK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, April 21st. Citigroup reaffirmed a “sell” rating on shares of Bank OZK in a research note on Monday, January 5th. Finally, Stephens reduced their price target on Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bank OZK has a consensus rating of “Hold” and an average target price of $56.89.

Bank OZK Price Performance

Shares of OZK stock opened at $48.57 on Friday. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 7.91 and a beta of 0.91. The business’s fifty day moving average is $46.59 and its 200 day moving average is $46.82. Bank OZK has a twelve month low of $42.37 and a twelve month high of $53.66. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.14.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.02). The firm had revenue of $424.32 million during the quarter, compared to analysts’ expectations of $422.62 million. Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.Bank OZK’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.47 earnings per share. Research analysts expect that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 13th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, April 13th. Bank OZK’s dividend payout ratio is currently 30.62%.

About Bank OZK

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.