Bank OZK (NASDAQ:OZK) is Villanova Investment Management Co LLC’s 3rd Largest Position

Villanova Investment Management Co LLC lifted its holdings in shares of Bank OZK (NASDAQ:OZK) by 20.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,027 shares of the company’s stock after purchasing an additional 15,343 shares during the period. Bank OZK comprises approximately 3.6% of Villanova Investment Management Co LLC’s holdings, making the stock its 3rd biggest holding. Villanova Investment Management Co LLC owned 0.08% of Bank OZK worth $4,053,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new stake in Bank OZK in the 4th quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Bank OZK in the fourth quarter worth approximately $27,000. Smartleaf Asset Management LLC grew its holdings in Bank OZK by 176.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company’s stock valued at $34,000 after purchasing an additional 486 shares during the period. V Square Quantitative Management LLC increased its position in Bank OZK by 81.3% during the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock worth $42,000 after purchasing an additional 425 shares during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new position in Bank OZK during the fourth quarter worth approximately $93,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Trading Down 0.6 %

OZK opened at $43.45 on Tuesday. Bank OZK has a 12-month low of $37.43 and a 12-month high of $53.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The stock has a market capitalization of $4.93 billion, a PE ratio of 7.08 and a beta of 1.23. The firm’s fifty day moving average price is $48.06 and its 200 day moving average price is $46.16.

Bank OZK (NASDAQ:OZK) last released its earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. During the same quarter last year, the business posted $1.50 EPS. Bank OZK’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts expect that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders 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 annualized dividend and a dividend yield of 3.87%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio is currently 27.36%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Stephens increased their price target on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. UBS Group began coverage on Bank OZK in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 target price for the company. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $40.00 to $48.00 in a research report on Tuesday, January 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.38.

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.