Concurrent Investment Advisors LLC Has $349,000 Stock Holdings in Bank OZK $OZK

Concurrent Investment Advisors LLC increased its stake in Bank OZK (NASDAQ:OZK) by 5.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,422 shares of the company’s stock after acquiring an additional 365 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Bank OZK were worth $349,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. National Bank of Canada FI lifted its stake in shares of Bank OZK by 12.8% in the first quarter. National Bank of Canada FI now owns 1,960 shares of the company’s stock worth $85,000 after acquiring an additional 223 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Bank OZK by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 29,600 shares of the company’s stock worth $1,286,000 after acquiring an additional 300 shares during the period. BTC Capital Management Inc. lifted its stake in shares of Bank OZK by 1.9% in the second quarter. BTC Capital Management Inc. now owns 16,838 shares of the company’s stock worth $791,000 after acquiring an additional 311 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Bank OZK by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 12,359 shares of the company’s stock worth $536,000 after acquiring an additional 330 shares during the period. Finally, Voya Investment Management LLC lifted its stake in shares of Bank OZK by 2.9% in the first quarter. Voya Investment Management LLC now owns 13,282 shares of the company’s stock worth $577,000 after acquiring an additional 374 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OZK. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank OZK in a report on Wednesday, October 8th. Morgan Stanley lifted their target price on Bank OZK from $55.00 to $63.00 and gave the stock an “underperform” rating in a report on Monday, September 29th. TD Cowen began coverage on Bank OZK in a report on Thursday, September 25th. They issued a “buy” rating and a $67.00 target price for the company. Cowen began coverage on Bank OZK in a report on Wednesday, September 24th. They issued a “buy” rating for the company. Finally, Wells Fargo & Company lifted their target price on Bank OZK from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Bank OZK currently has an average rating of “Hold” and a consensus price target of $57.22.

Bank OZK Trading Down 2.3%

NASDAQ OZK opened at $45.96 on Monday. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 7.41 and a beta of 0.88. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.66. The business has a 50 day moving average price of $51.20 and a 200-day moving average price of $47.70. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.13.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Thursday, October 16th. The company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.07). The firm had revenue of $449.94 million for the quarter, compared to the consensus estimate of $447.93 million. Bank OZK had a net margin of 25.81% and a return on equity of 13.00%. During the same quarter in the prior year, the firm earned $1.55 EPS. As a group, equities analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 14th will be issued a dividend of $0.45 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, October 14th. Bank OZK’s dividend payout ratio is presently 29.03%.

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.