14,828 Shares in Bank OZK (NASDAQ:OZK) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Bank OZK (NASDAQ:OZK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,828 shares of the company’s stock, valued at approximately $660,000.

Several other large investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of Bank OZK by 10.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,464,023 shares of the company’s stock worth $65,193,000 after acquiring an additional 142,587 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Bank OZK by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company’s stock valued at $183,909,000 after purchasing an additional 188,575 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Bank OZK by 44.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,095 shares of the company’s stock valued at $93,000 after purchasing an additional 643 shares in the last quarter. MMA Asset Management LLC purchased a new position in Bank OZK during the fourth quarter valued at $342,000. Finally, Smartleaf Asset Management LLC lifted its position in Bank OZK by 176.7% during 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 in the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Price Performance

Shares of Bank OZK stock opened at $44.31 on Friday. The stock’s 50-day simple moving average is $48.23 and its 200-day simple moving average is $45.94. Bank OZK has a 52 week low of $37.43 and a 52 week high of $53.64. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 7.22 and a beta of 1.23. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK) last posted 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. The company had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 earnings per share. As a group, analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were given a $0.42 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK’s payout ratio is currently 27.36%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. UBS Group assumed coverage on Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 target price on the stock. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $40.00 to $48.00 in a research report on Tuesday, January 21st. 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 research report on Thursday, March 13th. Finally, Stephens lifted their target price on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $50.38.

Bank OZK 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.