Farther Finance Advisors LLC Purchases 1,411 Shares of Bank OZK $OZK

Farther Finance Advisors LLC increased its position in shares of Bank OZK (NASDAQ:OZK) by 1,137.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,535 shares of the company’s stock after purchasing an additional 1,411 shares during the period. Farther Finance Advisors LLC’s holdings in Bank OZK were worth $72,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Bank OZK by 4.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,693 shares of the company’s stock valued at $1,029,000 after purchasing an additional 1,086 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Bank OZK by 55.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 129,980 shares of the company’s stock valued at $5,639,000 after acquiring an additional 46,349 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Bank OZK by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,127,576 shares of the company’s stock valued at $48,993,000 after acquiring an additional 23,492 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Bank OZK by 13.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,614 shares of the company’s stock valued at $287,000 after acquiring an additional 782 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Bank OZK by 5,021.2% in the 1st quarter. GAMMA Investing LLC now owns 243,668 shares of the company’s stock valued at $10,587,000 after acquiring an additional 238,910 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Price Performance

OZK stock opened at $51.23 on Monday. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.66. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $50.95 and a 200 day moving average price of $47.27. The stock has a market cap of $5.83 billion, a PE ratio of 8.32 and a beta of 0.88.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.07. Bank OZK had a net margin of 25.83% and a return on equity of 13.24%. The firm had revenue of $428.04 million during the quarter, compared to analysts’ expectations of $423.41 million. During the same period in the previous year, the company earned $1.52 EPS. Equities research 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 will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 14th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Bank OZK’s previous quarterly dividend of $0.44. Bank OZK’s dividend payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

OZK has been the topic of a number of research reports. National Bankshares set a $67.00 price target on shares of Bank OZK in a report on Wednesday, September 24th. Cowen initiated coverage on shares of Bank OZK in a report on Wednesday, September 24th. They issued a “buy” rating on the stock. TD Cowen initiated coverage on shares of Bank OZK in a report on Thursday, September 25th. They issued a “buy” rating and a $67.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Bank OZK from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bank OZK in a report on Saturday, September 27th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Bank OZK presently has an average rating of “Hold” and a consensus price target of $57.80.

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.