denkapparat Operations GmbH Invests $210,000 in Bank OZK (NASDAQ:OZK)

denkapparat Operations GmbH acquired a new stake in Bank OZK (NASDAQ:OZK) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,706 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Bank OZK in the fourth quarter worth $53,114,000. Wellington Management Group LLP grew its holdings in Bank OZK by 32.7% during the 3rd quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock valued at $181,566,000 after buying an additional 1,041,198 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Bank OZK by 124.6% during the third quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock valued at $73,034,000 after buying an additional 942,309 shares during the period. State Street Corp lifted its holdings in shares of Bank OZK by 7.3% in the third quarter. State Street Corp now owns 7,106,907 shares of the company’s stock worth $305,526,000 after buying an additional 485,172 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Bank OZK in the fourth quarter valued at approximately $14,077,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Bank OZK Trading Down 2.8 %

OZK stock opened at $43.73 on Friday. The company has a market capitalization of $4.96 billion, a PE ratio of 7.12 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. Bank OZK has a one year low of $37.43 and a one year high of $53.64. The company’s 50 day moving average price is $48.19 and its two-hundred day moving average price is $46.05.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The business had revenue of $412.34 million during the quarter, compared to the consensus estimate of $407.19 million. During the same period in the previous year, the firm posted $1.50 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, analysts predict that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced 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. The ex-dividend date was Tuesday, January 14th. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 3.84%. Bank OZK’s dividend payout ratio is currently 27.36%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. 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 report on Tuesday, January 21st. Morgan Stanley decreased their target price on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Stephens lifted their price target on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Finally, UBS Group initiated coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $50.38.

About Bank OZK

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.