Wilmington Savings Fund Society FSB Invests $275,000 in Bank OZK (NASDAQ:OZK)

Wilmington Savings Fund Society FSB bought a new stake in shares of Bank OZK (NASDAQ:OZK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 6,173 shares of the company’s stock, valued at approximately $275,000.

A number of other institutional investors also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Bank OZK in the fourth quarter valued at $27,000. Assetmark Inc. grew its stake in shares of Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after buying an additional 411 shares during the period. Capital Performance Advisors LLP bought a new stake in Bank OZK in the 3rd quarter valued at about $61,000. Venturi Wealth Management LLC increased its position in Bank OZK by 424.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,590 shares of the company’s stock valued at $68,000 after buying an additional 1,287 shares in the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new position in Bank OZK during the 4th quarter worth approximately $93,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Price Performance

Bank OZK stock opened at $53.10 on Wednesday. Bank OZK has a 52 week low of $37.43 and a 52 week high of $53.64. The company’s 50 day moving average price is $47.11 and its two-hundred day moving average price is $45.05. The stock has a market cap of $6.02 billion, a P/E ratio of 8.65 and a beta of 1.20. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, January 16th. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. Bank OZK’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. On average, equities analysts predict that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Tuesday, January 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio (DPR) is 27.36%.

Analyst Ratings Changes

Several equities research analysts have recently commented on OZK shares. Truist Financial decreased their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a report on Monday, October 21st. Piper Sandler upped their price objective on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Stephens lifted their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. UBS Group initiated coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 target price for the company. Finally, Wells Fargo & Company raised shares of Bank OZK from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $40.00 to $48.00 in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Bank OZK currently has a consensus rating of “Hold” and an average price target of $50.00.

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.