CANADA LIFE ASSURANCE Co Has $4.48 Million Position in Bank OZK (NASDAQ:OZK)

CANADA LIFE ASSURANCE Co increased its position in shares of Bank OZK (NASDAQ:OZK) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,755 shares of the company’s stock after acquiring an additional 5,110 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.09% of Bank OZK worth $4,483,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its position in shares of Bank OZK by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,184 shares of the company’s stock valued at $498,000 after buying an additional 193 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Bank OZK by 0.5% in the fourth quarter. Bank of Montreal Can now owns 46,832 shares of the company’s stock worth $2,085,000 after acquiring an additional 241 shares in the last quarter. Principal Securities Inc. raised its position in shares of Bank OZK by 12.7% during the fourth quarter. Principal Securities Inc. now owns 2,509 shares of the company’s stock worth $112,000 after purchasing an additional 283 shares during the period. Horrell Capital Management Inc. lifted its holdings in shares of Bank OZK by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 106,878 shares of the company’s stock valued at $4,759,000 after purchasing an additional 304 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of Bank OZK by 1.0% in the 4th quarter. Arizona State Retirement System now owns 31,253 shares of the company’s stock valued at $1,392,000 after purchasing an additional 305 shares during the period. Institutional investors own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of Bank OZK from $48.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. Stephens cut their price objective on shares of Bank OZK from $59.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Monday. Morgan Stanley reduced their target price on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Finally, Keefe, Bruyette & Woods dropped their price target on Bank OZK from $50.00 to $48.00 and set a “market perform” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $49.13.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $42.63 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The business has a 50-day moving average of $43.50 and a 200-day moving average of $45.79. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 6.94 and a beta of 1.05. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.64.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm had revenue of $409.23 million during the quarter, compared to the consensus estimate of $403.05 million. During the same period last year, the company earned $1.51 earnings per share. As a group, sell-side analysts predict that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were given a dividend of $0.43 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Monday, April 14th. Bank OZK’s dividend payout ratio is 28.20%.

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.