2,082 Shares in Bank OZK (NASDAQ:OZK) Acquired by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC purchased a new position in Bank OZK (NASDAQ:OZK) during the fourth quarter, Holdings Channel.com reports. The firm purchased 2,082 shares of the company’s stock, valued at approximately $93,000.

Other institutional investors have also made changes to their positions in the company. Barclays PLC raised its position in Bank OZK by 30.7% during the third 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 raised its position in Bank OZK by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock valued at $86,989,000 after acquiring an additional 126,352 shares in the last quarter. Verition Fund Management LLC raised its holdings in shares of 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 in the last quarter. Cerity Partners LLC lifted its position in shares of Bank OZK by 112.8% in the third quarter. Cerity Partners LLC now owns 51,717 shares of the company’s stock worth $2,223,000 after buying an additional 27,409 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Bank OZK by 124.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after purchasing an additional 942,309 shares during the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Down 0.2 %

Shares of NASDAQ:OZK opened at $50.79 on Friday. Bank OZK has a one year low of $37.43 and a one year high of $51.61. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 8.27 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The company has a 50 day moving average of $46.92 and a 200-day moving average of $44.83.

Bank OZK (NASDAQ:OZK) last posted 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 company had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. During the same period in the previous year, the company earned $1.50 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Bank OZK will post 5.97 earnings per share for the current 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 $0.42 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK’s dividend payout ratio is 27.36%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OZK. UBS Group began coverage on shares of Bank OZK in a report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target for the company. Stephens lifted 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. Piper Sandler upped their price objective on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Finally, Truist Financial cut their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. One investment 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.00.

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.