Bank OZK $OZK Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in shares of Bank OZK (NASDAQ:OZK) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 723,080 shares of the company’s stock after purchasing an additional 53,531 shares during the period. ProShare Advisors LLC owned approximately 0.65% of Bank OZK worth $33,276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its position in Bank OZK by 34.9% during the 3rd quarter. Wasatch Advisors LP now owns 7,437,646 shares of the company’s stock valued at $379,171,000 after buying an additional 1,924,387 shares in the last quarter. Fairholme Capital Management LLC boosted its holdings in Bank OZK by 45.1% in the second quarter. Fairholme Capital Management LLC now owns 916,752 shares of the company’s stock worth $43,142,000 after acquiring an additional 285,150 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Bank OZK during the third quarter worth about $13,014,000. Mackenzie Financial Corp increased its holdings in shares of Bank OZK by 39.2% during the third quarter. Mackenzie Financial Corp now owns 788,819 shares of the company’s stock valued at $40,214,000 after acquiring an additional 222,157 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Bank OZK by 36.7% during the second quarter. Balyasny Asset Management L.P. now owns 793,797 shares of the company’s stock valued at $37,356,000 after acquiring an additional 213,101 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OZK has been the subject of a number of recent analyst reports. Stephens lowered their target price on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Piper Sandler set a $62.00 price target on shares of Bank OZK in a research note on Thursday, January 22nd. UBS Group began coverage on shares of Bank OZK in a report on Tuesday, April 7th. They issued a “neutral” rating and a $48.00 price target for the company. Weiss Ratings upgraded shares of Bank OZK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Bank OZK from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, March 30th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $56.89.

Bank OZK Price Performance

Shares of NASDAQ:OZK opened at $48.29 on Thursday. Bank OZK has a twelve month low of $42.37 and a twelve month high of $53.66. The company’s 50 day moving average is $46.65 and its 200 day moving average is $46.93. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.14. The company has a market cap of $5.40 billion, a PE ratio of 7.86 and a beta of 0.91.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). The business had revenue of $424.32 million for the quarter, compared to analyst estimates of $422.62 million. Bank OZK had a net margin of 25.27% and a return on equity of 12.32%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 earnings per share. On average, sell-side analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Dividend Announcement

The firm also recently announced 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 was Monday, April 13th. This represents a $1.88 dividend on an annualized basis and a yield of 3.9%. Bank OZK’s payout ratio is currently 30.62%.

About Bank OZK

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.