Mercer Global Advisors Inc. ADV Acquires New Stake in Bank OZK (NASDAQ:OZK)

Mercer Global Advisors Inc. ADV acquired a new stake in shares of Bank OZK (NASDAQ:OZK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,629 shares of the company’s stock, valued at approximately $340,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in shares of Bank OZK in the 4th quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Bank OZK in the 4th quarter worth $27,000. Smartleaf Asset Management LLC increased its holdings in shares of Bank OZK by 176.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company’s stock worth $34,000 after purchasing an additional 486 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Bank OZK by 81.3% in the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock worth $42,000 after purchasing an additional 425 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Bank OZK in the 4th quarter worth $54,000. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

Shares of OZK opened at $46.48 on Thursday. 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 one year low of $35.71 and a one year high of $53.64. The firm has a market capitalization of $5.27 billion, a P/E ratio of 7.57 and a beta of 0.85. The business has a fifty day moving average of $42.56 and a 200 day moving average of $45.83.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $409.23 million during the quarter, compared to analyst estimates of $403.05 million. During the same quarter in the previous year, the company posted $1.51 earnings per share. As a group, sell-side analysts anticipate 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 was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.70%. The ex-dividend date was Monday, April 14th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.42. Bank OZK’s payout ratio is currently 28.20%.

Analyst Ratings Changes

OZK has been the subject of a number of research analyst reports. Morgan Stanley reduced their target price 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. Keefe, Bruyette & Woods reduced their target price on Bank OZK from $50.00 to $48.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Stephens reduced their target price on Bank OZK from $59.00 to $54.00 and set an “equal weight” rating for the company in a report on Monday, April 21st. Finally, Wells Fargo & Company reduced their target price on Bank OZK from $48.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $49.13.

Bank OZK Company 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.