Cabot Wealth Management Inc. Has $13.91 Million Holdings in Bank OZK $OZK

Cabot Wealth Management Inc. raised its holdings in Bank OZK (NASDAQ:OZK) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 295,653 shares of the company’s stock after acquiring an additional 1,103 shares during the period. Bank OZK comprises about 1.7% of Cabot Wealth Management Inc.’s investment portfolio, making the stock its 20th largest holding. Cabot Wealth Management Inc. owned about 0.26% of Bank OZK worth $13,913,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of OZK. Summit Securities Group LLC bought a new position in shares of Bank OZK during the 1st quarter valued at about $32,000. Brooklyn Investment Group raised its holdings in Bank OZK by 1,114.3% during the 1st quarter. Brooklyn Investment Group now owns 1,105 shares of the company’s stock worth $48,000 after buying an additional 1,014 shares during the period. Parallel Advisors LLC lifted its stake in Bank OZK by 70.8% in the second quarter. Parallel Advisors LLC now owns 1,124 shares of the company’s stock valued at $53,000 after buying an additional 466 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Bank OZK by 1,137.9% in the second quarter. Farther Finance Advisors LLC now owns 1,535 shares of the company’s stock valued at $72,000 after buying an additional 1,411 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Bank OZK in the first quarter valued at approximately $79,000. 86.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on OZK. Cowen reaffirmed a “buy” rating on shares of Bank OZK in a research report on Tuesday. TD Cowen began coverage on shares of Bank OZK in a research note on Thursday, September 25th. They issued a “buy” rating and a $67.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank OZK in a research note on Wednesday, October 8th. Raymond James Financial raised shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research note on Tuesday, July 8th. Finally, Stephens raised shares of Bank OZK from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $58.00 to $65.00 in a research note on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $58.88.

Bank OZK Price Performance

NASDAQ:OZK opened at $45.74 on Friday. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.66. The company has a market cap of $5.20 billion, a P/E ratio of 7.38 and a beta of 0.88. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 1.03. The stock’s 50-day simple moving average is $50.81 and its 200 day simple moving average is $47.91.

Bank OZK (NASDAQ:OZK) last released its earnings results on Thursday, October 16th. The company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.07). Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.The company had revenue of $449.94 million for the quarter, compared to the consensus estimate of $447.93 million. During the same quarter in the previous year, the company posted $1.55 EPS. As a group, sell-side analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 14th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 14th. This is a boost from Bank OZK’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a yield of 3.9%. Bank OZK’s dividend payout ratio is currently 29.03%.

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.