Ieq Capital LLC Purchases 67,840 Shares of Bank OZK (NASDAQ:OZK)

Ieq Capital LLC lifted its position in Bank OZK (NASDAQ:OZK) by 786.1% in the 4th quarter, Holdings Channel reports. The fund owned 76,470 shares of the company’s stock after acquiring an additional 67,840 shares during the quarter. Ieq Capital LLC’s holdings in Bank OZK were worth $3,405,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Bank OZK by 7.3% in the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company’s stock worth $305,526,000 after acquiring an additional 485,172 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Bank OZK by 32.7% in the 3rd quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock worth $181,566,000 after acquiring an additional 1,041,198 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Bank OZK by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,941,431 shares of the company’s stock worth $169,442,000 after buying an additional 112,648 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Bank OZK by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock worth $86,989,000 after buying an additional 126,352 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of Bank OZK by 124.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after buying an additional 942,309 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. UBS Group assumed coverage on Bank OZK in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target on the stock. Finally, Stephens upped their price target on 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 research 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’s stock. Based on data from MarketBeat, Bank OZK has a consensus rating of “Hold” and a consensus price target of $50.00.

Bank OZK Stock Performance

Shares of OZK opened at $47.45 on Friday. The business’s fifty day simple moving average is $47.78 and its two-hundred day simple moving average is $45.46. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. Bank OZK has a 12 month low of $37.43 and a 12 month high of $53.64. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 7.73 and a beta of 1.20.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $407.19 million. During the same period last year, the business posted $1.50 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. Research analysts anticipate 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 Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were paid a $0.42 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK’s dividend payout ratio (DPR) is 27.36%.

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.