Cambridge Investment Research Advisors Inc. Purchases 1,086 Shares of Bank OZK (NASDAQ:OZK)

Cambridge Investment Research Advisors Inc. boosted its position in Bank OZK (NASDAQ:OZK) by 4.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,693 shares of the company’s stock after acquiring an additional 1,086 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Bank OZK were worth $1,029,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Wasatch Advisors LP boosted its position in Bank OZK by 19.3% in the fourth quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company’s stock valued at $316,281,000 after buying an additional 1,149,880 shares in the last quarter. First Trust Advisors LP boosted its position in Bank OZK by 30.4% in the fourth quarter. First Trust Advisors LP now owns 2,945,480 shares of the company’s stock valued at $131,162,000 after buying an additional 686,775 shares in the last quarter. AQR Capital Management LLC boosted its position in Bank OZK by 12.6% in the fourth quarter. AQR Capital Management LLC now owns 2,811,354 shares of the company’s stock valued at $125,190,000 after buying an additional 314,488 shares in the last quarter. American Century Companies Inc. boosted its position in Bank OZK by 12.3% in the fourth quarter. American Century Companies Inc. now owns 2,176,997 shares of the company’s stock valued at $96,942,000 after buying an additional 238,810 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Bank OZK by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,038,463 shares of the company’s stock valued at $90,798,000 after buying an additional 15,484 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Morgan Stanley cut their target price 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 cut 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 report on Tuesday, April 22nd. Wells Fargo & Company cut 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 report on Wednesday, April 9th. Finally, Stephens cut their price target on shares of Bank OZK from $59.00 to $54.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Bank OZK has a consensus rating of “Hold” and an average price target of $50.86.

Bank OZK Price Performance

OZK stock opened at $51.04 on Friday. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 8.37 and a beta of 0.85. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.14. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.64. The company’s fifty day simple moving average is $45.60 and its 200 day simple moving average is $45.49.

Bank OZK (NASDAQ:OZK) last released its earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. The business had revenue of $409.23 million for the quarter, compared to analyst estimates of $403.05 million. Bank OZK had a net margin of 25.66% and a return on equity of 13.46%. During the same quarter in the previous year, the business earned $1.51 earnings per share. On average, analysts expect that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Friday, July 11th will be issued a $0.44 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.76 annualized dividend and a yield of 3.45%. Bank OZK’s payout ratio is presently 28.20%.

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.