Summit Trail Advisors LLC Invests $214,000 in Bank OZK (NASDAQ:OZK)

Summit Trail Advisors LLC purchased a new stake in Bank OZK (NASDAQ:OZK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,803 shares of the company’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. M&T Bank Corp boosted its position in shares of Bank OZK by 1.9% during the 3rd quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock worth $578,000 after purchasing an additional 244 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Bank OZK by 2.1% in the fourth quarter. Pacer Advisors Inc. now owns 15,733 shares of the company’s stock valued at $701,000 after purchasing an additional 325 shares during the period. Savant Capital LLC boosted its holdings in Bank OZK by 0.7% during the fourth quarter. Savant Capital LLC now owns 46,784 shares of the company’s stock worth $2,083,000 after buying an additional 327 shares in the last quarter. Pallas Capital Advisors LLC grew its position in Bank OZK by 3.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 10,555 shares of the company’s stock worth $470,000 after buying an additional 373 shares during the period. Finally, Raymond James Trust N.A. increased its holdings in Bank OZK by 6.0% in the third quarter. Raymond James Trust N.A. now owns 7,184 shares of the company’s stock valued at $309,000 after buying an additional 407 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analyst Ratings Changes

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

Bank OZK Stock Down 1.1 %

OZK opened at $52.51 on Thursday. The firm has a market cap of $5.96 billion, a P/E ratio of 8.55 and a beta of 1.20. The business’s fifty day simple moving average is $47.29 and its 200 day simple moving average is $45.14. Bank OZK has a 52 week low of $37.43 and a 52 week high of $53.64. 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 released its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.12. The company had revenue of $412.34 million for the quarter, compared to analysts’ expectations of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $1.50 EPS. As a group, equities research analysts anticipate that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were paid a $0.42 dividend. 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 3.20%. The ex-dividend date was Tuesday, January 14th. Bank OZK’s payout ratio is presently 27.36%.

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.