Militia Capital Partners LP acquired a new position in Bank OZK (NASDAQ:OZK – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,000 shares of the company’s stock, valued at approximately $552,000.
Other institutional investors have also added to or reduced their stakes in the company. BOKF NA bought a new position in Bank OZK in the third quarter worth $27,000. V Square Quantitative Management LLC bought a new position in Bank OZK in the fourth quarter worth $25,000. Bayforest Capital Ltd raised its holdings in Bank OZK by 100.5% in the fourth quarter. Bayforest Capital Ltd now owns 766 shares of the company’s stock worth $35,000 after purchasing an additional 384 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Bank OZK in the fourth quarter worth $36,000. Finally, Transamerica Financial Advisors LLC raised its holdings in Bank OZK by 111.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 830 shares of the company’s stock worth $38,000 after purchasing an additional 437 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.
Bank OZK Price Performance
Shares of NASDAQ:OZK opened at $50.35 on Wednesday. Bank OZK has a 1-year low of $42.37 and a 1-year high of $53.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.00 and a quick ratio of 1.00. The business has a fifty day moving average price of $48.42 and a 200-day moving average price of $47.59. The company has a market capitalization of $5.63 billion, a PE ratio of 8.20 and a beta of 0.90.
Bank OZK Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 13th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, April 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.7%. Bank OZK’s dividend payout ratio (DPR) is 30.62%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on OZK shares. Wall Street Zen upgraded Bank OZK from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. UBS Group assumed coverage on Bank OZK in a report on Tuesday, April 7th. They set a “neutral” rating and a $48.00 price target for the company. Morgan Stanley raised their price target on Bank OZK from $57.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Weiss Ratings downgraded Bank OZK from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Finally, Wells Fargo & Company raised their price target on Bank OZK from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, March 30th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $56.89.
Check Out Our Latest Report on OZK
Bank OZK Profile
Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.
The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.
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