Allspring Global Investments Holdings LLC Acquires 50,258 Shares of Bank OZK $OZK

Allspring Global Investments Holdings LLC raised its holdings in shares of Bank OZK (NASDAQ:OZK) by 21.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 284,258 shares of the company’s stock after buying an additional 50,258 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.25% of Bank OZK worth $13,371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in OZK. Root Financial Partners LLC purchased a new stake in shares of Bank OZK during the 3rd quarter valued at $27,000. BOKF NA purchased a new stake in Bank OZK during the third quarter valued at about $27,000. Highline Wealth Partners LLC bought a new stake in Bank OZK during the third quarter worth about $28,000. True Wealth Design LLC boosted its holdings in shares of Bank OZK by 147.0% in the 3rd quarter. True Wealth Design LLC now owns 568 shares of the company’s stock worth $29,000 after purchasing an additional 338 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Bank OZK by 82.2% in the 3rd quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock worth $34,000 after purchasing an additional 300 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Stock Performance

OZK opened at $46.31 on Friday. The business has a 50 day simple moving average of $46.97 and a two-hundred day simple moving average of $47.29. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 7.51 and a beta of 0.93. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.02 and a quick ratio of 1.02. Bank OZK has a one year low of $35.71 and a one year high of $53.66.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Tuesday, January 20th. The company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). Bank OZK had a return on equity of 12.65% and a net margin of 25.50%.The business had revenue of $436.29 million during the quarter, compared to the consensus estimate of $434.68 million. During the same quarter in the prior year, the business posted $1.56 earnings per share. Analysts predict that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, April 20th. Investors of record on Monday, April 13th will be issued a $0.47 dividend. The ex-dividend date is Monday, April 13th. Bank OZK’s payout ratio is 29.82%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OZK. Wells Fargo & Company raised their price objective on Bank OZK from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, March 30th. UBS Group reiterated a “neutral” rating and set a $51.00 price target on shares of Bank OZK in a research report on Tuesday, January 6th. Citigroup reissued a “sell” rating on shares of Bank OZK in a research note on Monday, January 5th. Zacks Research upgraded shares of Bank OZK from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bank OZK in a research note on Tuesday, January 27th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $57.22.

Bank OZK Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.