SVB Wealth LLC Acquires 13,951 Shares of Bank OZK (NASDAQ:OZK)

SVB Wealth LLC boosted its holdings in shares of Bank OZK (NASDAQ:OZK) by 98.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,144 shares of the company’s stock after buying an additional 13,951 shares during the period. SVB Wealth LLC’s holdings in Bank OZK were worth $1,402,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in Bank OZK during the first quarter worth about $25,000. Geneos Wealth Management Inc. lifted its stake in Bank OZK by 94.0% during the first quarter. Geneos Wealth Management Inc. now owns 776 shares of the company’s stock worth $33,000 after purchasing an additional 376 shares during the last quarter. Covestor Ltd lifted its stake in Bank OZK by 56.6% during the first quarter. Covestor Ltd now owns 896 shares of the company’s stock worth $38,000 after purchasing an additional 324 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new position in shares of Bank OZK in the fourth quarter worth about $42,000. Finally, Quarry LP increased its holdings in shares of Bank OZK by 235.2% in the first quarter. Quarry LP now owns 1,106 shares of the company’s stock worth $38,000 after buying an additional 776 shares during the period. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Up 4.7 %

Shares of NASDAQ:OZK opened at $43.80 on Friday. Bank OZK has a 1 year low of $30.72 and a 1 year high of $52.36. The company has a market cap of $4.96 billion, a PE ratio of 7.34 and a beta of 1.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.03 and a quick ratio of 1.03. The stock’s 50-day moving average is $43.34 and its 200 day moving average is $43.15.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.07. Bank OZK had a return on equity of 15.10% and a net margin of 28.54%. The firm had revenue of $406.02 million for the quarter, compared to the consensus estimate of $396.81 million. During the same quarter in the prior year, the business earned $1.41 EPS. Sell-side analysts anticipate that Bank OZK will post 5.87 EPS for the current year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 12th will be issued a dividend of $0.39 per share. This is an increase from Bank OZK’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.56%. Bank OZK’s dividend payout ratio is 26.13%.

Wall Street Analyst Weigh In

OZK has been the topic of several analyst reports. Truist Financial decreased their price objective on Bank OZK from $52.00 to $48.00 and set a “hold” rating on the stock in a report on Monday, April 1st. UBS Group downgraded Bank OZK from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Raymond James upgraded Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a report on Friday, January 5th. StockNews.com downgraded Bank OZK from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Finally, Citigroup decreased their price objective on Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Bank OZK presently has an average rating of “Hold” and an average target price of $48.14.

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.