Van ECK Associates Corp Acquires 8,087 Shares of Bank OZK (NASDAQ:OZK)

Van ECK Associates Corp grew its holdings in shares of Bank OZK (NASDAQ:OZK) by 38.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,906 shares of the company’s stock after purchasing an additional 8,087 shares during the quarter. Van ECK Associates Corp’s holdings in Bank OZK were worth $1,440,000 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. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Bank OZK by 10.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 21,492 shares of the company’s stock valued at $797,000 after purchasing an additional 2,115 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Bank OZK by 15.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,515 shares of the company’s stock valued at $872,000 after purchasing an additional 3,188 shares in the last quarter. Strs Ohio raised its holdings in shares of Bank OZK by 27.0% during the 3rd quarter. Strs Ohio now owns 35,642 shares of the company’s stock valued at $1,321,000 after purchasing an additional 7,568 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Bank OZK during the 3rd quarter valued at $432,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in Bank OZK by 4.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,471 shares of the company’s stock worth $425,000 after acquiring an additional 480 shares during the period. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

NASDAQ:OZK opened at $47.49 on Friday. The firm’s 50-day moving average is $44.44 and its 200-day moving average is $44.17. Bank OZK has a 52-week low of $30.72 and a 52-week high of $52.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.01. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 7.95 and a beta of 1.24.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Thursday, April 18th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.07. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. The company had revenue of $406.02 million for the quarter, compared to the consensus estimate of $396.81 million. During the same quarter in the previous year, the firm posted $1.41 EPS. Equities research analysts anticipate that Bank OZK will post 6.04 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 12th were given a dividend of $0.39 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Thursday, April 11th. Bank OZK’s payout ratio is 26.13%.

Analysts Set New Price Targets

OZK has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a report on Monday, April 22nd. Morgan Stanley reiterated an “equal weight” rating and issued a $48.00 target price on shares of Bank OZK in a report on Monday, April 22nd. Citigroup dropped their target price on shares of Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. Truist Financial dropped their target price on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. Finally, StockNews.com downgraded shares of Bank OZK from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.14.

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.