Pacer Advisors Inc. Purchases 6,949 Shares of Bank OZK (NASDAQ:OZK)

Pacer Advisors Inc. raised its holdings in shares of Bank OZK (NASDAQ:OZKFree Report) by 78.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,814 shares of the company’s stock after acquiring an additional 6,949 shares during the quarter. Pacer Advisors Inc.’s holdings in Bank OZK were worth $788,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OZK. 1832 Asset Management L.P. grew its position in Bank OZK by 18.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,460 shares of the company’s stock valued at $58,000 after purchasing an additional 223 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Bank OZK by 2.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 11,571 shares of the company’s stock worth $457,000 after buying an additional 228 shares during the last quarter. Creative Planning grew its holdings in shares of Bank OZK by 2.8% in the 3rd quarter. Creative Planning now owns 10,947 shares of the company’s stock valued at $406,000 after acquiring an additional 295 shares in the last quarter. Boothbay Fund Management LLC grew its holdings in shares of Bank OZK by 2.5% in the 2nd quarter. Boothbay Fund Management LLC now owns 12,286 shares of the company’s stock valued at $493,000 after acquiring an additional 295 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Bank OZK by 25.5% in the third quarter. Fifth Third Bancorp now owns 1,487 shares of the company’s stock valued at $55,000 after acquiring an additional 302 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Stock Performance

NASDAQ OZK opened at $44.25 on Thursday. The stock has a market cap of $5.01 billion, a PE ratio of 7.54 and a beta of 1.27. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50-day moving average of $43.69 and a 200-day moving average of $42.70. Bank OZK has a 52-week low of $30.72 and a 52-week high of $52.36.

Bank OZK (NASDAQ:OZKGet Free Report) last issued its quarterly earnings data on Friday, January 19th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.04. The firm had revenue of $407.58 million during the quarter, compared to the consensus estimate of $396.54 million. Bank OZK had a net margin of 30.69% and a return on equity of 15.13%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $1.34 earnings per share. On average, sell-side analysts anticipate that Bank OZK will post 5.93 EPS for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 12th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.53%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, April 11th. Bank OZK’s dividend payout ratio is currently 25.89%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Truist Financial decreased their price target on Bank OZK from $52.00 to $48.00 and set a “hold” rating for the company in a research note on Monday. Wells Fargo & Company lowered their target price on shares of Bank OZK from $41.00 to $39.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. Raymond James upgraded shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a research note on Friday, January 5th. Citigroup lowered their price objective on shares of Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, March 13th. Finally, StockNews.com downgraded shares of Bank OZK from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.50.

Read Our Latest Stock Analysis on OZK

About Bank OZK

(Free Report)

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.

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Institutional Ownership by Quarter for Bank OZK (NASDAQ:OZK)

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