Bank OZK (NASDAQ:OZK) Stock Position Lifted by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its stake in Bank OZK (NASDAQ:OZK) by 37.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,185 shares of the company’s stock after acquiring an additional 595 shares during the quarter. Venturi Wealth Management LLC’s holdings in Bank OZK were worth $97,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp increased its position in Bank OZK by 7.3% during the third quarter. State Street Corp now owns 7,106,907 shares of the company’s stock worth $305,526,000 after buying an additional 485,172 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Bank OZK by 32.7% in the 3rd quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock valued at $181,566,000 after acquiring an additional 1,041,198 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Bank OZK by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,941,431 shares of the company’s stock valued at $169,442,000 after acquiring an additional 112,648 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Bank OZK by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock worth $86,989,000 after purchasing an additional 126,352 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in Bank OZK by 124.6% during the third 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 period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on OZK shares. UBS Group initiated coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target on the stock. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. Finally, Stephens upped their price target on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.00.

Bank OZK Stock Performance

NASDAQ:OZK opened at $47.45 on Monday. 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 firm’s 50-day moving average is $47.78 and its 200-day moving average is $45.49. Bank OZK has a 52-week low of $37.43 and a 52-week high of $53.64. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 7.73 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $1.50 EPS. Equities research analysts anticipate that Bank OZK will post 6.02 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 represents a $1.68 annualized dividend and a yield of 3.54%. The ex-dividend date was Tuesday, January 14th. This is a positive change 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.