Bank OZK (NASDAQ:OZK) Holdings Increased by Swiss National Bank

Swiss National Bank grew its stake in shares of Bank OZK (NASDAQ:OZK) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 212,033 shares of the company’s stock after buying an additional 2,100 shares during the quarter. Swiss National Bank owned about 0.19% of Bank OZK worth $9,442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OZK. Natixis Advisors LLC raised its position in shares of Bank OZK by 20.7% during the 3rd quarter. Natixis Advisors LLC now owns 19,228 shares of the company’s stock worth $827,000 after buying an additional 3,303 shares in the last quarter. Caprock Group LLC raised its position in shares of Bank OZK by 10.5% during the 3rd quarter. Caprock Group LLC now owns 6,805 shares of the company’s stock worth $293,000 after buying an additional 645 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Bank OZK by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,941,431 shares of the company’s stock worth $169,442,000 after buying an additional 112,648 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Bank OZK by 6.0% during the 3rd quarter. Raymond James Trust N.A. now owns 7,184 shares of the company’s stock worth $309,000 after buying an additional 407 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of Bank OZK by 5.5% during the 3rd quarter. Citigroup Inc. now owns 290,787 shares of the company’s stock worth $12,501,000 after buying an additional 15,265 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on OZK. UBS Group began coverage on shares of Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 target price on the stock. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. Stephens boosted their target price on shares of Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley dropped their target price on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $50.38.

Bank OZK Stock Performance

Bank OZK stock opened at $44.31 on Friday. The firm’s 50 day simple moving average is $48.23 and its 200-day simple moving average is $45.92. The company has a market cap of $5.03 billion, a P/E ratio of 7.22 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. Bank OZK has a fifty-two week low of $37.43 and a fifty-two 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 for the quarter, topping the consensus estimate of $1.44 by $0.12. The business had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $1.50 earnings per share. As a group, equities research analysts predict that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were given a dividend of $0.42 per share. The ex-dividend date was Tuesday, January 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a yield of 3.79%. Bank OZK’s payout ratio is presently 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.