Vident Investment Advisory LLC Purchases New Shares in Bank OZK (NASDAQ:OZK)

Vident Investment Advisory LLC purchased a new stake in Bank OZK (NASDAQ:OZK) in the second quarter, Holdings Channel.com reports. The fund purchased 21,694 shares of the company’s stock, valued at approximately $915,000.

Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp purchased a new stake in shares of Bank OZK during the 1st quarter valued at $26,000. Eaton Vance Management purchased a new stake in shares of Bank OZK during the 1st quarter valued at $29,000. Acadian Asset Management LLC purchased a new stake in shares of Bank OZK during the 1st quarter valued at $43,000. Wolverine Asset Management LLC purchased a new stake in shares of Bank OZK during the 1st quarter valued at $74,000. Finally, USA Financial Portformulas Corp purchased a new stake in shares of Bank OZK during the 2nd quarter valued at $106,000. 81.19% of the stock is owned by hedge funds and other institutional investors.

Shares of OZK opened at $43.38 on Thursday. The business has a 50-day moving average of $42.38 and a 200 day moving average of $41.80. Bank OZK has a fifty-two week low of $21.45 and a fifty-two week high of $45.83. The firm has a market cap of $5.61 billion, a P/E ratio of 10.66 and a beta of 1.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Wednesday, July 21st. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.24. Bank OZK had a return on equity of 12.08% and a net margin of 44.62%. The company had revenue of $268.49 million during the quarter, compared to analyst estimates of $259.35 million. During the same quarter last year, the firm posted $0.39 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, research analysts predict that Bank OZK will post 4.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 22nd. Investors of record on Friday, October 15th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, October 14th. This represents a $1.16 annualized dividend and a yield of 2.67%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.29. Bank OZK’s dividend payout ratio (DPR) is 50.44%.

Separately, Morgan Stanley raised their target price on Bank OZK from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, August 2nd. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $45.29.

Bank OZK Profile

Bank OZK engages in the provision of community banking services. The firm offers deposit services such as checking, savings, money market, time deposit, and individual retirement accounts. It also provides loan services including types of real estate, consumer, commercial, industrial, and agricultural loans.

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Institutional Ownership by Quarter for Bank OZK (NASDAQ:OZK)

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