International Assets Investment Management LLC Purchases Shares of 9,875 Bank OZK $OZK

International Assets Investment Management LLC acquired a new position in Bank OZK (NASDAQ:OZK) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,875 shares of the company’s stock, valued at approximately $456,000.

Several other institutional investors have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in Bank OZK during the fourth quarter worth $25,000. BOKF NA acquired a new stake in Bank OZK during the 3rd quarter worth about $27,000. Bayforest Capital Ltd grew its holdings in Bank OZK by 100.5% during the 4th quarter. Bayforest Capital Ltd now owns 766 shares of the company’s stock worth $35,000 after acquiring an additional 384 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in Bank OZK during the 4th quarter worth about $36,000. Finally, Transamerica Financial Advisors LLC raised its position in shares of Bank OZK by 111.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 830 shares of the company’s stock worth $38,000 after acquiring an additional 437 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Stock Up 0.4%

Shares of NASDAQ:OZK opened at $50.78 on Wednesday. The company has a market capitalization of $5.68 billion, a PE ratio of 8.27 and a beta of 0.89. Bank OZK has a 1 year low of $42.37 and a 1 year high of $53.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.00 and a quick ratio of 1.00. The business has a fifty day moving average price of $49.43 and a two-hundred day moving average price of $48.04.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). The company had revenue of $424.32 million for the quarter, compared to analysts’ expectations of $422.62 million. Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $1.47 EPS. Analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK declared that its Board of Directors has authorized a stock repurchase plan on Monday, June 29th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to purchase up to 3.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 13th will be issued a $0.48 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Monday, July 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.8%. Bank OZK’s payout ratio is presently 31.27%.

Analysts Set New Price Targets

Several equities research analysts recently commented on OZK shares. Weiss Ratings upgraded Bank OZK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Wall Street Zen upgraded Bank OZK from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Morgan Stanley boosted their price target on Bank OZK from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. TD Cowen downgraded shares of Bank OZK from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a research report on Monday, July 6th. Finally, UBS Group initiated coverage on shares of Bank OZK in a research note on Tuesday, April 7th. They issued a “neutral” rating and a $48.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $56.25.

Bank OZK Company 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.