Bank OZK (NASDAQ:OZK) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors grew its holdings in shares of Bank OZK (NASDAQ:OZK) by 4.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 721,011 shares of the company’s stock after purchasing an additional 32,813 shares during the period. Captrust Financial Advisors owned approximately 0.64% of Bank OZK worth $32,777,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sowell Financial Services LLC boosted its stake 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 acquiring an additional 236 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Bank OZK by 2.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 11,374 shares of the company’s stock worth $567,000 after acquiring an additional 246 shares in the last quarter. Beacon Pointe Advisors LLC boosted its stake in shares of Bank OZK by 4.1% during the 4th quarter. Beacon Pointe Advisors LLC now owns 6,247 shares of the company’s stock worth $311,000 after acquiring an additional 247 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Bank OZK by 3.9% during the 1st quarter. HB Wealth Management LLC now owns 6,607 shares of the company’s stock worth $300,000 after acquiring an additional 249 shares in the last quarter. Finally, Cardinal Capital Management boosted its stake in shares of Bank OZK by 1.0% during the 4th quarter. Cardinal Capital Management now owns 30,704 shares of the company’s stock worth $1,530,000 after acquiring an additional 292 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Stock Up 1.0 %

NASDAQ:OZK traded up $0.48 on Tuesday, reaching $46.60. The stock had a trading volume of 288,890 shares, compared to its average volume of 1,314,794. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $42.03 and a 200 day moving average of $43.81. The stock has a market cap of $5.29 billion, a P/E ratio of 7.73 and a beta of 1.20. Bank OZK has a 12-month low of $34.76 and a 12-month high of $52.36.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Wednesday, July 17th. The company reported $1.52 EPS for the quarter, hitting the consensus estimate of $1.52. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The business had revenue of $416.78 million for the quarter, compared to analysts’ expectations of $414.39 million. During the same quarter last year, the company posted $1.47 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, research analysts predict that Bank OZK will post 6.05 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 12th were given a dividend of $0.40 per share. 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 3.43%. Bank OZK’s dividend payout ratio (DPR) is presently 26.80%.

Analyst Upgrades and Downgrades

OZK has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on Bank OZK from $45.00 to $47.00 and gave the company a “market perform” rating in a research note on Monday, April 22nd. Citigroup lowered Bank OZK from a “buy” rating to a “sell” rating and reduced their price target for the stock from $57.00 to $37.00 in a research note on Wednesday, May 29th. Stephens reissued an “equal weight” rating and set a $50.00 price target on shares of Bank OZK in a research note on Thursday, July 18th. Truist Financial upped their price objective on Bank OZK from $41.00 to $49.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Finally, StockNews.com upgraded 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, six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Bank OZK has a consensus rating of “Hold” and an average price target of $46.29.

About Bank OZK

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.