Ieq Capital LLC Boosts Stake in Bank OZK (NASDAQ:OZK)

Ieq Capital LLC lifted its position in Bank OZK (NASDAQ:OZK) by 786.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,470 shares of the company’s stock after purchasing an additional 67,840 shares during the quarter. Ieq Capital LLC owned 0.07% of Bank OZK worth $3,405,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kestra Investment Management LLC purchased a new position in shares of Bank OZK in the 4th quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Bank OZK in the 4th quarter worth about $27,000. V Square Quantitative Management LLC boosted its holdings in shares of Bank OZK by 81.3% in the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock worth $42,000 after purchasing an additional 425 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after purchasing an additional 411 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Bank OZK in the 3rd quarter worth about $61,000. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on OZK. UBS Group began coverage on Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price objective for the company. Stephens upped their price objective on Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $40.00 to $48.00 in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $50.00.

Bank OZK Trading Down 3.9 %

Shares of OZK stock opened at $47.45 on Friday. The business has a 50-day moving average of $47.78 and a 200 day moving average of $45.46. The stock has a market capitalization of $5.38 billion, a PE ratio of 7.73 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. Bank OZK has a 1-year low of $37.43 and a 1-year high of $53.64.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. Bank OZK’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 EPS. As a group, sell-side analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were given a dividend of $0.42 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date was Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a yield of 3.54%. Bank OZK’s dividend payout ratio is presently 27.36%.

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.