Bank OZK (NASDAQ:OZK) Shares Acquired by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. lifted its holdings in shares of Bank OZK (NASDAQ:OZK) by 1.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 295,300 shares of the company’s stock after acquiring an additional 3,279 shares during the period. Bank OZK makes up approximately 1.7% of Cabot Wealth Management Inc.’s investment portfolio, making the stock its 21st largest holding. Cabot Wealth Management Inc.’s holdings in Bank OZK were worth $13,150,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of OZK. Wellington Management Group LLP lifted its position in Bank OZK by 32.7% during the 3rd quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock worth $181,566,000 after acquiring an additional 1,041,198 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Bank OZK by 124.6% during the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after purchasing an additional 942,309 shares during the period. Senvest Management LLC purchased a new stake in Bank OZK in the third quarter valued at approximately $22,306,000. State Street Corp increased its holdings in Bank OZK by 7.3% in the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company’s stock worth $305,526,000 after buying an additional 485,172 shares during the period. Finally, Victory Capital Management Inc. raised its position in Bank OZK by 34.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,321,436 shares of the company’s stock worth $56,809,000 after buying an additional 341,078 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Stephens upped their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. UBS Group started coverage on Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price objective for the company. Finally, Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.00.

Bank OZK Trading Down 3.9 %

OZK stock opened at $47.45 on Friday. Bank OZK has a 52-week low of $37.43 and a 52-week high of $53.64. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The firm has a market cap of $5.38 billion, a P/E ratio of 7.73 and a beta of 1.20. The company’s 50-day simple moving average is $47.78 and its 200-day simple moving average is $45.46.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping 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 company had revenue of $412.34 million for the quarter, compared to the consensus estimate of $407.19 million. During the same quarter in the prior year, the business posted $1.50 earnings per share. Bank OZK’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders 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 of this dividend was Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.54%. Bank OZK’s dividend payout ratio (DPR) is 27.36%.

Bank OZK 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.