Bank OZK (NASDAQ:OZK) Shares Bought by Naples Global Advisors LLC

Naples Global Advisors LLC grew its position in Bank OZK (NASDAQ:OZK) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,550 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Naples Global Advisors LLC’s holdings in Bank OZK were worth $679,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Bank OZK by 229.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,382 shares of the company’s stock worth $1,913,000 after buying an additional 26,741 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Bank OZK by 33.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 29,497 shares of the company’s stock valued at $1,470,000 after purchasing an additional 7,354 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of Bank OZK during the fourth quarter worth approximately $1,475,000. SVB Wealth LLC raised its stake in shares of Bank OZK by 98.3% during the fourth quarter. SVB Wealth LLC now owns 28,144 shares of the company’s stock worth $1,402,000 after purchasing an additional 13,951 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Bank OZK by 5.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,873 shares of the company’s stock worth $1,239,000 after purchasing an additional 1,358 shares during the period. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Trading Up 1.6 %

Shares of NASDAQ:OZK traded up $0.66 during midday trading on Friday, reaching $41.99. The company’s stock had a trading volume of 1,190,954 shares, compared to its average volume of 1,312,250. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 7.03 and a beta of 1.20. The business has a 50 day moving average price of $41.84 and a 200 day moving average price of $43.33. Bank OZK has a 1 year low of $34.76 and a 1 year high of $52.36. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.17.

Bank OZK (NASDAQ:OZK) last released its earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.52. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The business had revenue of $416.78 million for the quarter, compared to analysts’ expectations of $414.39 million. During the same period last year, the company earned $1.47 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Research analysts forecast that Bank OZK will post 6.04 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 12th were paid a dividend of $0.40 per share. This is an increase from Bank OZK’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 3.81%. The ex-dividend date was Friday, July 12th. Bank OZK’s payout ratio is currently 26.80%.

Analyst Upgrades and Downgrades

OZK has been the topic of several recent analyst reports. Citigroup cut Bank OZK from a “buy” rating to a “sell” rating and dropped their target price for the stock from $57.00 to $37.00 in a research report on Wednesday, May 29th. Morgan Stanley increased their price objective on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Keefe, Bruyette & Woods boosted their target price on shares of Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a research report on Monday, April 22nd. StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Finally, Stephens reiterated an “equal weight” rating and issued a $50.00 price objective on shares of Bank OZK in a research note on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Bank OZK has an average rating of “Hold” and an average price target of $46.71.

Bank OZK Company 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.