Burns Matteson Capital Management LLC Invests $366,000 in Bank OZK (NASDAQ:OZK)

Burns Matteson Capital Management LLC purchased a new position in shares of Bank OZK (NASDAQ:OZK) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,062 shares of the company’s stock, valued at approximately $366,000.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Bank OZK by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 12,028,779 shares of the company’s stock worth $599,394,000 after purchasing an additional 502,005 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Bank OZK by 18.8% in the fourth quarter. Wellington Management Group LLP now owns 1,897,696 shares of the company’s stock valued at $94,562,000 after purchasing an additional 300,025 shares during the period. First Trust Advisors LP increased its stake in shares of Bank OZK by 4.2% in the fourth quarter. First Trust Advisors LP now owns 1,279,876 shares of the company’s stock valued at $63,776,000 after purchasing an additional 51,379 shares during the period. Norges Bank acquired a new stake in shares of Bank OZK in the fourth quarter valued at approximately $56,293,000. Finally, Raymond James & Associates increased its stake in shares of Bank OZK by 26.3% during the first quarter. Raymond James & Associates now owns 615,481 shares of the company’s stock valued at $27,980,000 after acquiring an additional 128,101 shares during the period. Institutional investors own 86.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Stephens reiterated an “equal weight” rating and set a $50.00 price objective on shares of Bank OZK in a research note on Thursday, July 18th. Morgan Stanley reiterated an “equal weight” rating and set a $48.00 price objective on shares of Bank OZK in a research note on Monday, April 22nd. Citigroup lowered shares of Bank OZK from a “buy” rating to a “sell” rating and lowered their price objective for the company from $57.00 to $37.00 in a research note on Wednesday, May 29th. Keefe, Bruyette & Woods lifted their price target on shares of Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a research report on Monday, April 22nd. Finally, Truist Financial lifted their price target on shares of Bank OZK from $41.00 to $49.00 and gave the stock a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $46.29.

Bank OZK Stock Up 1.5 %

Shares of NASDAQ:OZK traded up $0.67 during trading on Thursday, reaching $46.05. 1,924,654 shares of the company traded hands, compared to its average volume of 1,327,709. The firm has a fifty day simple moving average of $42.11 and a 200 day simple moving average of $43.90. The firm has a market cap of $5.22 billion, a P/E ratio of 7.71 and a beta of 1.20. Bank OZK has a 1-year low of $34.76 and a 1-year high of $52.36. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.17.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Wednesday, July 17th. The company reported $1.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.52. The company had revenue of $416.78 million during the quarter, compared to analyst estimates of $414.39 million. Bank OZK had a net margin of 27.04% and a return on equity of 14.50%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.47 EPS. Analysts anticipate that Bank OZK will post 6.05 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 12th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Friday, July 12th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.39. Bank OZK’s payout ratio is presently 26.80%.

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.