MCF Advisors LLC Invests $73,000 in Bank OZK (NASDAQ:OZK)

MCF Advisors LLC purchased a new position in shares of Bank OZK (NASDAQ:OZK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,465 shares of the company’s stock, valued at approximately $73,000.

A number of other institutional investors also recently modified their holdings of the business. Sowell Financial Services LLC raised its holdings in shares of Bank OZK by 2.3% during the 4th quarter. Sowell Financial Services LLC now owns 10,573 shares of the company’s stock worth $527,000 after buying an additional 236 shares in the last quarter. Cardinal Capital Management increased its holdings in Bank OZK by 1.0% in the 4th quarter. Cardinal Capital Management now owns 30,704 shares of the company’s stock worth $1,530,000 after purchasing an additional 292 shares in the last quarter. Fifth Third Bancorp increased its holdings in Bank OZK by 25.5% in the 3rd quarter. Fifth Third Bancorp now owns 1,487 shares of the company’s stock worth $55,000 after purchasing an additional 302 shares in the last quarter. BTC Capital Management Inc. increased its holdings in Bank OZK by 1.6% in the 3rd quarter. BTC Capital Management Inc. now owns 18,982 shares of the company’s stock worth $704,000 after purchasing an additional 304 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in Bank OZK by 4.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 8,075 shares of the company’s stock worth $299,000 after purchasing an additional 307 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Stock Up 0.5 %

Shares of Bank OZK stock opened at $45.18 on Tuesday. Bank OZK has a one year low of $30.72 and a one year high of $52.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 1.03. The stock’s 50-day moving average is $43.46 and its 200 day moving average is $43.39. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 7.57 and a beta of 1.27.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, April 18th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.44 by $0.07. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. The company had revenue of $406.02 million for the quarter, compared to analyst estimates of $396.81 million. During the same quarter in the prior year, the company earned $1.41 EPS. Equities research analysts anticipate that Bank OZK will post 5.89 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were given a dividend of $0.39 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, April 11th. This represents a $1.56 annualized dividend and a dividend yield of 3.45%. Bank OZK’s dividend payout ratio is presently 26.13%.

Analysts Set New Price Targets

A number of brokerages have issued reports on OZK. Wells Fargo & Company lowered their target price on Bank OZK from $41.00 to $39.00 and set an “underweight” rating for the company in a report on Thursday, February 1st. Truist Financial decreased their price target on Bank OZK from $48.00 to $47.00 and set a “hold” rating for the company in a research note on Monday. Morgan Stanley reissued an “equal weight” rating and issued a $48.00 price target on shares of Bank OZK in a research note on Monday. StockNews.com cut Bank OZK from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Finally, UBS Group cut Bank OZK from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $48.25.

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.