Savant Capital LLC Increases Holdings in Bank OZK (NASDAQ:OZK)

Savant Capital LLC lifted its holdings in Bank OZK (NASDAQ:OZK) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 46,784 shares of the company’s stock after acquiring an additional 327 shares during the quarter. Savant Capital LLC’s holdings in Bank OZK were worth $2,083,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cetera Investment Advisers boosted its holdings in Bank OZK by 28.8% during the 2nd quarter. Cetera Investment Advisers now owns 30,302 shares of the company’s stock valued at $1,242,000 after acquiring an additional 6,774 shares during the period. CWM LLC raised its holdings in Bank OZK by 125.3% during the 3rd quarter. CWM LLC now owns 21,953 shares of the company’s stock valued at $944,000 after buying an additional 12,207 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in Bank OZK in the 3rd quarter worth $219,000. Cardinal Capital Management increased its position in shares of Bank OZK by 11.1% in the third quarter. Cardinal Capital Management now owns 45,714 shares of the company’s stock valued at $1,965,000 after acquiring an additional 4,579 shares during the period. Finally, Capital Investment Advisors LLC purchased a new position in shares of Bank OZK in the third quarter valued at about $461,000. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

Shares of Bank OZK stock opened at $52.51 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 8.55 and a beta of 1.20. Bank OZK has a 1 year low of $37.43 and a 1 year high of $53.64. The firm’s 50-day moving average is $47.29 and its 200 day moving average is $45.14.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 EPS. Sell-side analysts anticipate that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.68 annualized dividend and a dividend yield of 3.20%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio is presently 27.36%.

Analyst Ratings Changes

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

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.