Bank OZK (NASDAQ:OZK) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its position in Bank OZK (NASDAQ:OZK) by 48.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,145 shares of the company’s stock after acquiring an additional 15,936 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Bank OZK were worth $2,015,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Bank OZK by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company’s stock valued at $599,394,000 after acquiring an additional 502,005 shares in the last quarter. Van Berkom & Associates Inc. raised its stake in shares of Bank OZK by 2.0% in the 2nd quarter. Van Berkom & Associates Inc. now owns 2,024,130 shares of the company’s stock valued at $82,989,000 after purchasing an additional 40,356 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Bank OZK by 18.8% during the fourth quarter. Wellington Management Group LLP now owns 1,897,696 shares of the company’s stock worth $94,562,000 after purchasing an additional 300,025 shares during the last quarter. American Century Companies Inc. grew its stake in Bank OZK by 21.9% in the second quarter. American Century Companies Inc. now owns 1,642,293 shares of the company’s stock worth $67,334,000 after purchasing an additional 295,298 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Bank OZK by 4.2% in the fourth quarter. First Trust Advisors LP now owns 1,279,876 shares of the company’s stock valued at $63,776,000 after buying an additional 51,379 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Up 0.2 %

Shares of NASDAQ:OZK opened at $42.12 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $42.88 and its 200 day moving average price is $43.17. The company has a market cap of $4.78 billion, a PE ratio of 7.06 and a beta of 1.17. Bank OZK has a fifty-two week low of $34.76 and a fifty-two week high of $52.36.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.52. Bank OZK had a return on equity of 14.50% and a net margin of 27.04%. The company had revenue of $416.78 million for the quarter, compared to analysts’ expectations of $414.39 million. During the same quarter in the previous year, the company posted $1.47 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Sell-side analysts anticipate that Bank OZK will post 6.01 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 12th were paid a $0.40 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, July 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.80%. Bank OZK’s dividend payout ratio is presently 26.80%.

Analyst Upgrades and Downgrades

OZK has been the topic of a number of research analyst reports. Morgan Stanley increased their target price on Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Citigroup downgraded shares of Bank OZK from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $57.00 to $37.00 in a report on Wednesday, May 29th. Raymond James lowered shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Wells Fargo & Company reduced their price target on shares of Bank OZK from $39.00 to $35.00 and set an “underweight” rating on the stock in a research report on Thursday, June 6th. Finally, StockNews.com raised shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $46.71.

Bank OZK Company 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.