Rhumbline Advisers Acquires 5,538 Shares of Bank OZK (NASDAQ:OZK)

Rhumbline Advisers increased its holdings in shares of Bank OZK (NASDAQ:OZK) by 1.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 342,417 shares of the company’s stock after purchasing an additional 5,538 shares during the quarter. Rhumbline Advisers’ holdings in Bank OZK were worth $15,248,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Bank OZK during the 4th quarter worth approximately $27,000. Assetmark Inc. grew its stake in shares of Bank OZK by 73.8% during the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after acquiring an additional 411 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of Bank OZK by 81.3% during the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock worth $42,000 after acquiring an additional 425 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Bank OZK during the 3rd quarter worth approximately $61,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Bank OZK by 424.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,590 shares of the company’s stock worth $68,000 after acquiring an additional 1,287 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on OZK shares. Stephens raised their price target on shares of Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. UBS Group started coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target for the company. Finally, Wells Fargo & Company raised shares of Bank OZK from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. One research 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $50.00.

Bank OZK Trading Down 3.9 %

NASDAQ OZK opened at $47.45 on Friday. The company has a market cap of $5.38 billion, a PE ratio of 7.73 and a beta of 1.20. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. Bank OZK has a 12 month low of $37.43 and a 12 month high of $53.64. The stock has a 50 day moving average of $47.78 and a 200-day moving average of $45.46.

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

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were issued a dividend of $0.42 per share. This is an increase 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 yield of 3.54%. Bank OZK’s dividend payout ratio (DPR) is currently 27.36%.

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.