Callan Family Office LLC Grows Position in Bank OZK (NASDAQ:OZK)

Callan Family Office LLC raised its position in Bank OZK (NASDAQ:OZK) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,879 shares of the company’s stock after purchasing an additional 440 shares during the quarter. Callan Family Office LLC’s holdings in Bank OZK were worth $262,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OZK. State Street Corp lifted its holdings in Bank OZK by 7.3% during the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company’s stock valued at $305,526,000 after buying an additional 485,172 shares in the last quarter. Wellington Management Group LLP grew its stake in Bank OZK by 32.7% in the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock worth $181,566,000 after purchasing an additional 1,041,198 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Bank OZK by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company’s stock valued at $183,909,000 after buying an additional 188,575 shares during the period. Geode Capital Management LLC raised its stake in Bank OZK by 6.7% in the third quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock worth $86,989,000 after buying an additional 126,352 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in Bank OZK by 124.6% during the 3rd quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock valued at $73,034,000 after acquiring an additional 942,309 shares in the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Stock Down 2.5 %

NASDAQ:OZK opened at $44.41 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The company’s fifty day moving average price is $48.16 and its 200-day moving average price is $45.91. Bank OZK has a 1-year low of $37.43 and a 1-year high of $53.64. The firm has a market capitalization of $5.04 billion, a P/E ratio of 7.23 and a beta of 1.23.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. During the same quarter last year, the business posted $1.50 EPS. The company’s revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts anticipate 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. Shareholders of record on Tuesday, January 14th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Tuesday, January 14th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio is currently 27.36%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on OZK shares. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. Stephens increased their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Finally, UBS Group started coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have issued 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 target price of $50.00.

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.