Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,358 Shares of Bank OZK (NASDAQ:OZK)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Bank OZK (NASDAQ:OZK) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,873 shares of the company’s stock after purchasing an additional 1,358 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Bank OZK were worth $1,239,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in shares of Bank OZK by 25.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,487 shares of the company’s stock worth $55,000 after acquiring an additional 302 shares during the last quarter. Vest Financial LLC bought a new stake in shares of Bank OZK during the 4th quarter worth $235,000. Dfpg Investments LLC bought a new stake in shares of Bank OZK during the 4th quarter worth $231,000. National Bank of Canada FI lifted its holdings in shares of Bank OZK by 17.9% during the 3rd quarter. National Bank of Canada FI now owns 4,790 shares of the company’s stock worth $173,000 after acquiring an additional 727 shares during the last quarter. Finally, Arcus Capital Partners LLC bought a new stake in shares of Bank OZK during the 4th quarter worth $269,000. 86.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on OZK shares. UBS Group downgraded shares of Bank OZK from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $48.00 target price on shares of Bank OZK in a research report on Monday, April 22nd. Raymond James upgraded shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research report on Friday, January 5th. StockNews.com cut shares of Bank OZK from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Finally, Truist Financial decreased their target price on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Bank OZK presently has a consensus rating of “Hold” and a consensus target price of $49.14.

Bank OZK Stock Performance

Shares of NASDAQ:OZK opened at $46.02 on Friday. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 7.71 and a beta of 1.27. The company has a 50-day moving average price of $43.75 and a 200-day moving average price of $43.55. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. Bank OZK has a 12 month low of $30.72 and a 12 month high of $52.36.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, April 18th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.44 by $0.07. The firm had revenue of $406.02 million during the quarter, compared to the consensus estimate of $396.81 million. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. During the same period in the prior year, the firm posted $1.41 earnings per share. As a group, equities analysts anticipate that Bank OZK will post 6.04 EPS for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 12th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.39%. This is an increase from Bank OZK’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, April 11th. Bank OZK’s dividend payout ratio is 26.13%.

About Bank OZK

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.