Norden Group LLC Invests $225,000 in Bank OZK (NASDAQ:OZK)

Norden Group LLC bought a new position in Bank OZK (NASDAQ:OZKFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,949 shares of the company’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in Bank OZK during the fourth quarter valued at $56,293,000. Vanguard Group Inc. lifted its position in Bank OZK by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company’s stock valued at $599,394,000 after buying an additional 502,005 shares during the period. Wellington Management Group LLP lifted its position in Bank OZK by 18.8% during the fourth quarter. Wellington Management Group LLP now owns 1,897,696 shares of the company’s stock valued at $94,562,000 after buying an additional 300,025 shares during the period. Epoch Investment Partners Inc. purchased a new position in Bank OZK during the fourth quarter valued at $10,624,000. Finally, Goldman Sachs Group Inc. lifted its position in Bank OZK by 136.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 359,814 shares of the company’s stock valued at $17,930,000 after buying an additional 207,341 shares during the period. Institutional investors own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on OZK shares. Stephens reaffirmed an “equal weight” rating and issued a $50.00 price target on shares of Bank OZK in a research report on Thursday, May 30th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $48.00 price target on shares of Bank OZK in a research report on Monday, April 22nd. Wells Fargo & Company lowered their price target on Bank OZK from $39.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday, June 6th. StockNews.com raised Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Finally, Keefe, Bruyette & Woods boosted their target price on Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.14.

Check Out Our Latest Stock Analysis on Bank OZK

Bank OZK Stock Performance

Shares of Bank OZK stock opened at $41.07 on Wednesday. The stock’s fifty day moving average is $42.70 and its two-hundred day moving average is $44.21. The company has a market capitalization of $4.66 billion, a PE ratio of 6.88 and a beta of 1.20. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. Bank OZK has a 52 week low of $34.76 and a 52 week high of $52.36.

Bank OZK (NASDAQ:OZKGet Free Report) last posted its quarterly earnings results on Thursday, April 18th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.07. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. The business had revenue of $406.02 million for the quarter, compared to the consensus estimate of $396.81 million. During the same quarter in the prior year, the company earned $1.41 EPS. As a group, analysts expect that Bank OZK will post 6.06 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 12th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, July 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.90%. This is an increase from Bank OZK’s previous quarterly dividend of $0.39. Bank OZK’s dividend payout ratio (DPR) is presently 26.13%.

Bank OZK Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bank OZK (NASDAQ:OZK)

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