Empowered Funds LLC Buys Shares of 58,979 Bank OZK (NASDAQ:OZK)

Empowered Funds LLC bought a new stake in shares of Bank OZK (NASDAQ:OZK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 58,979 shares of the company’s stock, valued at approximately $2,626,000. Empowered Funds LLC owned about 0.05% of Bank OZK at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Bank OZK in the fourth quarter valued at approximately $27,000. Assetmark Inc. increased its holdings in shares of Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after purchasing an additional 411 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Bank OZK in the third quarter valued at approximately $61,000. Venturi Wealth Management LLC increased its holdings in shares of Bank OZK by 424.8% in the third quarter. Venturi Wealth Management LLC now owns 1,590 shares of the company’s stock valued at $68,000 after purchasing an additional 1,287 shares during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new stake in shares of Bank OZK in the fourth quarter valued at approximately $93,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analysts Set New Price Targets

OZK has been the subject of several analyst reports. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Stephens increased their price objective on Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Truist Financial lowered their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. Piper Sandler increased their price objective on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, UBS Group initiated coverage on Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price objective for the company. 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $50.00.

Bank OZK Trading Up 0.2 %

OZK opened at $52.62 on Friday. Bank OZK has a 52 week low of $37.43 and a 52 week high of $53.64. The business has a fifty day simple moving average of $47.29 and a 200-day simple moving average of $45.14. The firm has a market cap of $5.97 billion, a P/E ratio of 8.57 and a beta of 1.20. 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 EPS for the quarter, topping the consensus estimate of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. During the same period last year, the business posted $1.50 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts expect that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders 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 dividend yield of 3.19%. The ex-dividend date of this dividend was Tuesday, January 14th. Bank OZK’s dividend payout ratio (DPR) is presently 27.36%.

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.