Natixis Advisors LLC Increases Stock Position in Bank OZK (NASDAQ:OZK)

Natixis Advisors LLC lifted its position in shares of Bank OZK (NASDAQ:OZK) by 13.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,902 shares of the company’s stock after purchasing an additional 2,674 shares during the period. Natixis Advisors LLC’s holdings in Bank OZK were worth $975,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Kestra Investment Management LLC purchased a new position in shares of Bank OZK in the 4th quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Bank OZK during the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC raised 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 buying an additional 486 shares during the period. V Square Quantitative Management LLC lifted 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 valued at $42,000 after buying an additional 425 shares in the last quarter. Finally, New Wave Wealth Advisors LLC purchased a new stake in Bank OZK during the fourth quarter worth approximately $93,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Bank OZK Stock Down 0.0 %

Shares of NASDAQ:OZK opened at $45.26 on Wednesday. Bank OZK has a 12-month low of $37.43 and a 12-month high of $53.64. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The firm has a market cap of $5.13 billion, a PE ratio of 7.37 and a beta of 1.23. The company has a fifty day simple moving average of $48.31 and a 200 day simple moving average of $46.04.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.50 EPS. On average, equities research analysts anticipate that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders 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 was Tuesday, January 14th. This represents a $1.68 annualized dividend and a dividend yield of 3.71%. Bank OZK’s dividend payout ratio (DPR) is presently 27.36%.

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.