Integrated Advisors Network LLC Purchases Shares of 36,441 Bank OZK (NASDAQ:OZK)

Integrated Advisors Network LLC acquired a new position in Bank OZK (NASDAQ:OZK) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 36,441 shares of the company’s stock, valued at approximately $1,583,000.

Other large investors also recently modified their holdings of the company. Wasatch Advisors LP increased its position in Bank OZK by 19.3% during the 4th quarter. Wasatch Advisors LP now owns 7,102,657 shares of the company’s stock worth $316,281,000 after purchasing an additional 1,149,880 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Bank OZK by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company’s stock worth $183,909,000 after buying an additional 188,575 shares during the period. First Trust Advisors LP increased its position in shares of Bank OZK by 30.4% in the fourth quarter. First Trust Advisors LP now owns 2,945,480 shares of the company’s stock worth $131,162,000 after acquiring an additional 686,775 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Bank OZK by 12.6% in the 4th quarter. AQR Capital Management LLC now owns 2,811,354 shares of the company’s stock valued at $125,190,000 after acquiring an additional 314,488 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Bank OZK by 12.3% in the 4th quarter. American Century Companies Inc. now owns 2,176,997 shares of the company’s stock valued at $96,942,000 after acquiring an additional 238,810 shares during the period. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OZK has been the subject of several recent research reports. Keefe, Bruyette & Woods lowered their price target on Bank OZK from $50.00 to $48.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their target price on Bank OZK from $48.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. Stephens reduced their price target on Bank OZK from $59.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. Finally, Morgan Stanley lowered their price objective on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $50.86.

Bank OZK Trading Down 1.4%

Shares of OZK opened at $45.72 on Thursday. Bank OZK has a one year low of $35.71 and a one year high of $53.64. The stock has a 50-day moving average price of $43.23 and a 200 day moving average price of $45.64. 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 company has a market capitalization of $5.19 billion, a P/E ratio of 7.45 and a beta of 0.85.

Bank OZK (NASDAQ:OZK) last released its earnings results on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.42 by $0.05. The company had revenue of $409.23 million during the quarter, compared to analysts’ expectations of $403.05 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. During the same period in the prior year, the business posted $1.51 EPS. Sell-side analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were issued a dividend of $0.43 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend was Monday, April 14th. Bank OZK’s dividend payout ratio (DPR) is currently 28.20%.

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.