4,803 Shares in Bank OZK (NASDAQ:OZK) Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC purchased a new stake in shares of Bank OZK (NASDAQ:OZK) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 4,803 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors have also modified their holdings of the company. Cetera Investment Advisers grew its stake in shares of Bank OZK by 28.8% in the second quarter. Cetera Investment Advisers now owns 30,302 shares of the company’s stock valued at $1,242,000 after buying an additional 6,774 shares in the last quarter. CWM LLC lifted its holdings in Bank OZK by 125.3% in the 3rd quarter. CWM LLC now owns 21,953 shares of the company’s stock worth $944,000 after buying an additional 12,207 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new position in Bank OZK in the 3rd quarter valued at about $219,000. Cardinal Capital Management grew its stake in shares of Bank OZK by 11.1% during the third quarter. Cardinal Capital Management now owns 45,714 shares of the company’s stock valued at $1,965,000 after acquiring an additional 4,579 shares in the last quarter. Finally, Capital Investment Advisors LLC purchased a new stake in shares of Bank OZK during the third quarter worth about $461,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Down 1.1 %

Shares of NASDAQ:OZK opened at $52.51 on Thursday. Bank OZK has a 1-year low of $37.43 and a 1-year high of $53.64. The company’s fifty day moving average is $47.29 and its two-hundred day moving average is $45.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 8.55 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.12. The firm had revenue of $412.34 million for the quarter, compared to analysts’ expectations of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. Bank OZK’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $1.50 earnings per share. Equities analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a yield of 3.20%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s payout ratio is currently 27.36%.

Wall Street Analysts Forecast Growth

OZK has been the subject of a number of analyst reports. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $40.00 to $48.00 in a report on Tuesday, January 21st. Piper Sandler increased their target price on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Truist Financial cut their price target on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Stephens increased their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Finally, UBS Group started coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $50.00.

About Bank OZK

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.