Jones Financial Companies Lllp Has $93,000 Position in Bank OZK (NASDAQ:OZK)

Jones Financial Companies Lllp increased its position in Bank OZK (NASDAQ:OZK) by 44.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,095 shares of the company’s stock after purchasing an additional 643 shares during the quarter. Jones Financial Companies Lllp’s holdings in Bank OZK were worth $93,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Barclays PLC grew its stake in shares of Bank OZK by 30.7% in the 3rd quarter. Barclays PLC now owns 254,874 shares of the company’s stock valued at $10,958,000 after buying an additional 59,907 shares during the period. Geode Capital Management LLC grew its stake in shares of Bank OZK by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock valued at $86,989,000 after buying an additional 126,352 shares during the period. Verition Fund Management LLC boosted its stake in Bank OZK by 68.6% during the 3rd quarter. Verition Fund Management LLC now owns 34,869 shares of the company’s stock valued at $1,499,000 after purchasing an additional 14,189 shares during the last quarter. Cerity Partners LLC boosted its stake in Bank OZK by 112.8% during the 3rd quarter. Cerity Partners LLC now owns 51,717 shares of the company’s stock valued at $2,223,000 after purchasing an additional 27,409 shares during the last quarter. Finally, Alpha DNA Investment Management LLC acquired a new position in Bank OZK during the 3rd quarter valued at about $529,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Price Performance

Bank OZK stock opened at $44.19 on Monday. Bank OZK has a 52 week low of $37.43 and a 52 week high of $53.64. The company’s 50 day moving average price is $48.11 and its two-hundred day moving average price is $45.92. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The stock has a market cap of $5.01 billion, a P/E ratio of 7.20 and a beta of 1.23.

Bank OZK (NASDAQ:OZK) last posted its quarterly 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 analysts’ expectations of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. Bank OZK’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 EPS. On average, equities analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend was Tuesday, January 14th. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s payout ratio is 27.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group assumed coverage on Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target for the company. Morgan Stanley cut their price target on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $40.00 to $48.00 in a research note on Tuesday, January 21st. Finally, Stephens lifted their price target on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Bank OZK has an average rating of “Hold” and a consensus price target 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.