Chicago Partners Investment Group LLC Boosts Position in Bank OZK $OZK

Chicago Partners Investment Group LLC boosted its holdings in Bank OZK (NASDAQ:OZK) by 53.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 7,602 shares of the company’s stock after buying an additional 2,642 shares during the period. Chicago Partners Investment Group LLC’s holdings in Bank OZK were worth $358,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. National Bank of Canada FI raised its holdings in Bank OZK by 12.8% in the first quarter. National Bank of Canada FI now owns 1,960 shares of the company’s stock valued at $85,000 after buying an additional 223 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Bank OZK by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 29,600 shares of the company’s stock valued at $1,286,000 after purchasing an additional 300 shares during the period. BTC Capital Management Inc. raised its stake in shares of Bank OZK by 1.9% during the second quarter. BTC Capital Management Inc. now owns 16,838 shares of the company’s stock valued at $791,000 after purchasing an additional 311 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Bank OZK by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 12,359 shares of the company’s stock valued at $536,000 after purchasing an additional 330 shares during the period. Finally, Concurrent Investment Advisors LLC raised its stake in shares of Bank OZK by 5.2% during the second quarter. Concurrent Investment Advisors LLC now owns 7,422 shares of the company’s stock valued at $349,000 after purchasing an additional 365 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Down 0.9%

Shares of NASDAQ:OZK opened at $45.07 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $50.88 and a 200 day simple moving average of $47.78. The firm has a market cap of $5.13 billion, a PE ratio of 7.27 and a beta of 0.88. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.66.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, October 16th. The company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). The company had revenue of $449.94 million during the quarter, compared to the consensus estimate of $447.93 million. Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.During the same quarter last year, the firm posted $1.55 EPS. On average, equities research analysts anticipate that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 14th were issued a $0.45 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.44. This represents a $1.80 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, October 14th. Bank OZK’s dividend payout ratio is presently 29.03%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OZK. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank OZK in a research note on Wednesday, October 8th. National Bankshares set a $67.00 price objective on shares of Bank OZK in a research note on Wednesday, September 24th. Wells Fargo & Company lifted their price objective on shares of Bank OZK from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Raymond James Financial upgraded shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a research note on Tuesday, July 8th. Finally, Morgan Stanley lifted their price target on shares of Bank OZK from $55.00 to $63.00 and gave the stock an “underperform” rating in a research note on Monday, September 29th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $58.88.

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.