Xponance Inc. Increases Holdings in Bank OZK (NASDAQ:OZK)

Xponance Inc. lifted its position in Bank OZK (NASDAQ:OZK) by 7.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,250 shares of the company’s stock after buying an additional 849 shares during the period. Xponance Inc.’s holdings in Bank OZK were worth $545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of OZK. Kestra Investment Management LLC bought a new position in Bank OZK in the fourth quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Bank OZK during the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC lifted its stake 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 during the period. V Square Quantitative Management LLC lifted its stake 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 during the period. Finally, New Wave Wealth Advisors LLC purchased a new position in shares of Bank OZK in the fourth quarter worth approximately $93,000. Institutional investors own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

OZK has been the subject of a number of research reports. Morgan Stanley reduced their target price on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. Stephens lifted their target price on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Finally, UBS Group began coverage on Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target for the company. 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’s stock. According to MarketBeat, Bank OZK presently has an average rating of “Hold” and an average price target of $50.38.

Bank OZK Trading Down 0.0 %

Shares of OZK stock opened at $45.26 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The stock has a fifty day simple moving average of $48.31 and a two-hundred day simple moving average of $46.04. The firm has a market capitalization of $5.13 billion, a PE ratio of 7.37 and a beta of 1.23. Bank OZK has a 52-week low of $37.43 and a 52-week high of $53.64.

Bank OZK (NASDAQ:OZK) last released its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $412.34 million during the quarter, compared to analysts’ expectations of $407.19 million. During the same quarter last year, the business posted $1.50 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Tuesday, January 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s payout ratio is 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.