Bank OZK (NASDAQ:OZK) Shares Acquired by Level Four Advisory Services LLC

Level Four Advisory Services LLC lifted its position in Bank OZK (NASDAQ:OZK) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,884 shares of the company’s stock after acquiring an additional 896 shares during the period. Level Four Advisory Services LLC’s holdings in Bank OZK were worth $752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in Bank OZK by 30.7% in the 3rd quarter. Barclays PLC now owns 254,874 shares of the company’s stock valued at $10,958,000 after purchasing an additional 59,907 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Bank OZK by 6.7% in the third quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock valued at $86,989,000 after buying an additional 126,352 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of Bank OZK by 68.6% in the third quarter. Verition Fund Management LLC now owns 34,869 shares of the company’s stock worth $1,499,000 after buying an additional 14,189 shares in the last quarter. Cerity Partners LLC boosted its position in Bank OZK by 112.8% during the third quarter. Cerity Partners LLC now owns 51,717 shares of the company’s stock worth $2,223,000 after acquiring an additional 27,409 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Bank OZK by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 4,758 shares of the company’s stock valued at $212,000 after acquiring an additional 606 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on OZK shares. Morgan Stanley lowered their target price on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. Stephens upped their target price on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Finally, UBS Group initiated coverage on Bank OZK in a report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $50.38.

Bank OZK Stock Down 2.8 %

Shares of NASDAQ:OZK opened at $43.73 on Monday. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 7.12 and a beta of 1.23. Bank OZK has a 12-month low of $37.43 and a 12-month high of $53.64. The business has a 50-day moving average price of $48.19 and a 200 day moving average price of $46.14. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million during 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%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the business earned $1.50 earnings per share. Sell-side analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were given a $0.42 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. 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 3.84%. Bank OZK’s payout ratio is presently 27.36%.

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.