Fuller & Thaler Asset Management Inc. Acquires 1,563 Shares of Bank OZK $OZK

Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Bank OZK (NASDAQ:OZK) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 487,991 shares of the company’s stock after purchasing an additional 1,563 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Bank OZK were worth $21,203,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in OZK. Tidal Investments LLC raised its stake in Bank OZK by 1.0% in the 4th quarter. Tidal Investments LLC now owns 21,575 shares of the company’s stock valued at $961,000 after acquiring an additional 205 shares during the period. National Bank of Canada FI raised its stake in Bank OZK by 12.8% in the 1st quarter. National Bank of Canada FI now owns 1,960 shares of the company’s stock valued at $85,000 after acquiring an additional 223 shares during the period. Louisiana State Employees Retirement System raised its stake in Bank OZK by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 29,600 shares of the company’s stock valued at $1,286,000 after acquiring an additional 300 shares during the period. State of Alaska Department of Revenue raised its stake in Bank OZK by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 12,359 shares of the company’s stock valued at $536,000 after acquiring an additional 330 shares during the period. Finally, Focus Partners Advisor Solutions LLC raised its stake in Bank OZK by 0.9% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 38,327 shares of the company’s stock valued at $1,707,000 after acquiring an additional 347 shares during the period. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Stock Performance

Shares of OZK opened at $49.57 on Wednesday. The business’s 50-day moving average price is $49.09 and its 200-day moving average price is $46.39. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.64. The stock has a market cap of $5.64 billion, a PE ratio of 8.05 and a beta of 0.86. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.23.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.07. Bank OZK had a return on equity of 13.24% and a net margin of 25.83%.The firm had revenue of $428.04 million for the quarter, compared to analysts’ expectations of $423.41 million. During the same period in the prior year, the business posted $1.52 earnings per share. On average, equities analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 11th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, July 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 3.6%. Bank OZK’s payout ratio is presently 28.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Bank OZK from $48.00 to $49.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods lowered their price objective on Bank OZK from $50.00 to $48.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 22nd. Finally, Raymond James Financial upgraded Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $52.88.

Bank OZK Company 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.