CX Institutional Takes $30,000 Position in Bank OZK (NASDAQ:OZK)

CX Institutional bought a new stake in Bank OZK (NASDAQ:OZK) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 700 shares of the company’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OZK. Integrated Advisors Network LLC acquired a new position in Bank OZK during the 1st quarter worth about $1,583,000. Handelsbanken Fonder AB lifted its position in Bank OZK by 54.8% during the 1st quarter. Handelsbanken Fonder AB now owns 33,325 shares of the company’s stock worth $1,448,000 after buying an additional 11,800 shares in the last quarter. SG Americas Securities LLC acquired a new position in Bank OZK during the 1st quarter worth about $1,218,000. GAMMA Investing LLC lifted its position in Bank OZK by 17.9% during the 1st quarter. GAMMA Investing LLC now owns 5,608 shares of the company’s stock worth $244,000 after buying an additional 850 shares in the last quarter. Finally, Bruce G. Allen Investments LLC lifted its position in Bank OZK by 4,828.6% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,035 shares of the company’s stock worth $45,000 after buying an additional 1,014 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Keefe, Bruyette & Woods reduced their price target on shares of Bank OZK from $50.00 to $48.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company reduced their price target on shares of Bank OZK from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. Finally, Stephens cut their target price on shares of Bank OZK from $59.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $50.86.

Bank OZK Stock Performance

Bank OZK stock opened at $44.42 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.14. Bank OZK has a 1 year low of $35.71 and a 1 year high of $53.64. The company has a market cap of $5.04 billion, a PE ratio of 7.28 and a beta of 0.85. The company’s 50-day moving average is $43.75 and its two-hundred day moving average is $45.46.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The company had revenue of $409.23 million during the quarter, compared to analysts’ expectations of $403.05 million. Bank OZK had a return on equity of 13.46% and a net margin of 25.66%. During the same period in the prior year, the business posted $1.51 EPS. Equities analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.87%. This is an increase from Bank OZK’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, April 14th. Bank OZK’s dividend payout ratio (DPR) is currently 28.20%.

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.