Vestcor Inc Invests $345,000 in Bank OZK (NASDAQ:OZK)

Vestcor Inc acquired a new stake in Bank OZK (NASDAQ:OZKFree Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 7,742 shares of the company’s stock, valued at approximately $345,000.

A number of other large investors have also bought and sold shares of OZK. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Bank OZK in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new position in Bank OZK in the 4th quarter worth $27,000. Smartleaf Asset Management LLC increased its holdings in Bank OZK by 176.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company’s stock worth $34,000 after purchasing an additional 486 shares in the last quarter. Assetmark Inc. raised its stake in shares of Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after purchasing an additional 411 shares during the period. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Bank OZK by 81.3% in the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock valued at $42,000 after purchasing an additional 425 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Bank OZK Price Performance

NASDAQ:OZK opened at $44.26 on Tuesday. Bank OZK has a 12-month low of $37.43 and a 12-month high of $53.64. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 7.21 and a beta of 1.23. The stock’s 50 day moving average price is $48.11 and its two-hundred day moving average price is $45.93. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZKGet Free Report) last posted its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating 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 business had revenue of $412.34 million for the quarter, compared to analysts’ expectations of $407.19 million. During the same quarter in the prior year, the business earned $1.50 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were paid a dividend of $0.42 per share. 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 3.80%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio (DPR) is 27.36%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley decreased their price objective on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. UBS Group assumed coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price objective on the stock. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $40.00 to $48.00 in a research note on Tuesday, January 21st. Finally, Stephens increased their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Bank OZK has an average rating of “Hold” and an average target price of $50.38.

Read Our Latest Report on Bank OZK

Bank OZK Profile

(Free Report)

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.

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

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