Weybosset Research & Management LLC purchased a new position in Bank Ozk (NASDAQ:OZK) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 198,483 shares of the company’s stock, valued at approximately $5,752,000. Bank Ozk accounts for approximately 3.4% of Weybosset Research & Management LLC’s portfolio, making the stock its 17th largest position. Weybosset Research & Management LLC owned approximately 0.15% of Bank Ozk at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Citizens Financial Group Inc RI raised its position in shares of Bank Ozk by 1,681.2% in the fourth quarter. Citizens Financial Group Inc RI now owns 1,229 shares of the company’s stock worth $28,000 after buying an additional 1,160 shares in the last quarter. Parallel Advisors LLC purchased a new stake in shares of Bank Ozk in the fourth quarter worth $30,000. Financial Architects Inc raised its position in shares of Bank Ozk by 250.0% in the fourth quarter. Financial Architects Inc now owns 1,400 shares of the company’s stock worth $32,000 after buying an additional 1,000 shares in the last quarter. AlphaOne Investment Services LLC purchased a new stake in shares of Bank Ozk in the fourth quarter worth $34,000. Finally, Proficio Capital Partners LLC raised its position in shares of Bank Ozk by 40.4% in the fourth quarter. Proficio Capital Partners LLC now owns 1,572 shares of the company’s stock worth $36,000 after buying an additional 452 shares in the last quarter. 90.53% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:OZK traded down $0.51 on Monday, reaching $30.30. 12,384 shares of the company traded hands, compared to its average volume of 1,247,270. Bank Ozk has a 52 week low of $21.02 and a 52 week high of $50.39. The stock has a market capitalization of $3.91 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 0.73 and a beta of 1.92. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.12.
Bank Ozk (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, January 17th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.06. The firm had revenue of $255.94 million for the quarter, compared to analysts’ expectations of $246.08 million. Bank Ozk had a return on equity of 11.45% and a net margin of 34.51%. As a group, research analysts predict that Bank Ozk will post 3.48 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 15th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, April 12th. This is a boost from Bank Ozk’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 3.04%. Bank Ozk’s dividend payout ratio (DPR) is presently 27.16%.
A number of equities research analysts recently issued reports on OZK shares. Stephens reiterated a “hold” rating and issued a $26.00 price objective on shares of Bank Ozk in a research report on Thursday, January 17th. Barclays raised their price target on Bank Ozk from $28.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, January 22nd. Brean Capital set a $38.00 price target on Bank Ozk and gave the company a “buy” rating in a research report on Friday, January 18th. Zacks Investment Research upgraded Bank Ozk from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 19th. Finally, SunTrust Banks raised their price target on Bank Ozk to $35.00 and gave the company a “hold” rating in a research report on Tuesday, January 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $32.73.
Bank Ozk Company Profile
Bank OZK provides retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.
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