Bank OZK (NASDAQ:OZK) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its stake in shares of Bank OZK (NASDAQ:OZK) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,568 shares of the company’s stock after acquiring an additional 1,100 shares during the period. Pictet Asset Management Holding SA’s holdings in Bank OZK were worth $782,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of OZK. New Age Alpha Advisors LLC bought a new stake in shares of Bank OZK in the 4th quarter valued at approximately $285,000. Norges Bank acquired a new position in Bank OZK in the fourth quarter worth $53,114,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in Bank OZK by 6.7% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 171,662 shares of the company’s stock valued at $7,644,000 after purchasing an additional 10,742 shares during the last quarter. Prudential Financial Inc. increased its stake in Bank OZK by 394.0% during the fourth quarter. Prudential Financial Inc. now owns 84,533 shares of the company’s stock valued at $3,764,000 after purchasing an additional 67,420 shares during the last quarter. Finally, Horrell Capital Management Inc. raised its holdings in shares of Bank OZK by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 106,878 shares of the company’s stock worth $4,759,000 after purchasing an additional 304 shares during the period. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Up 0.1 %

Shares of Bank OZK stock opened at $38.16 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. Bank OZK has a 1-year low of $35.80 and a 1-year high of $53.64. The business’s fifty day moving average price is $47.02 and its two-hundred day moving average price is $46.09. The company has a market capitalization of $4.33 billion, a P/E ratio of 6.21 and a beta of 1.05.

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

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 14th will be paid a $0.43 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Monday, April 14th. Bank OZK’s dividend payout ratio is currently 28.01%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OZK. UBS Group initiated coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price objective for the company. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $40.00 to $48.00 in a report on Tuesday, January 21st. Stephens raised their price target on Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley lowered their price objective on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $50.38.

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.