Bank OZK $OZK Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in Bank OZK (NASDAQ:OZK) by 10.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,788 shares of the company’s stock after buying an additional 4,919 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Bank OZK were worth $2,484,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of OZK. Nuveen LLC acquired a new position in Bank OZK in the 1st quarter worth approximately $14,197,000. Earnest Partners LLC acquired a new stake in shares of Bank OZK during the 1st quarter worth approximately $12,696,000. Lord Abbett & CO. LLC acquired a new stake in shares of Bank OZK during the 1st quarter worth approximately $11,297,000. American Century Companies Inc. grew its stake in shares of Bank OZK by 10.5% during the 1st quarter. American Century Companies Inc. now owns 2,405,292 shares of the company’s stock worth $104,510,000 after purchasing an additional 228,295 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Bank OZK by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,350,220 shares of the company’s stock worth $189,017,000 after purchasing an additional 220,214 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $44.55 on Friday. The firm has a market cap of $5.07 billion, a PE ratio of 7.19 and a beta of 0.88. The firm has a fifty day moving average of $50.45 and a 200 day moving average of $48.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 1.03. Bank OZK has a one year low of $35.71 and a one year high of $53.66.

Bank OZK (NASDAQ:OZK) last announced 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 business had revenue of $449.94 million for the quarter, compared to analyst estimates of $447.93 million. During the same period last year, the firm earned $1.55 EPS. As a group, research analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 14th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 14th. This represents a $1.80 annualized dividend and a dividend yield of 4.0%. This is a boost from Bank OZK’s previous quarterly dividend of $0.44. Bank OZK’s payout ratio is presently 29.03%.

Analysts Set New Price Targets

A number of brokerages have recently commented on OZK. UBS Group dropped their price objective on shares of Bank OZK from $57.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday. Stephens raised shares of Bank OZK from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $58.00 to $65.00 in a research note on Wednesday, August 20th. Keefe, Bruyette & Woods dropped their price objective on shares of Bank OZK from $53.00 to $50.00 and set a “market perform” rating on the stock in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bank OZK in a research note on Thursday. Finally, Wells Fargo & Company raised their price objective on shares of Bank OZK from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $58.75.

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.