Arcus Capital Partners LLC Acquires New Position in Bank OZK (NASDAQ:OZK)

Arcus Capital Partners LLC bought a new stake in Bank OZK (NASDAQ:OZK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,641 shares of the company’s stock, valued at approximately $302,000.

Other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in shares of Bank OZK by 31.9% in the 4th quarter. Van ECK Associates Corp now owns 82,829 shares of the company’s stock valued at $3,688,000 after purchasing an additional 20,049 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Bank OZK by 76.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 83,631 shares of the company’s stock worth $3,715,000 after purchasing an additional 36,266 shares in the last quarter. Summit Trail Advisors LLC purchased a new position in shares of Bank OZK during the 4th quarter worth approximately $214,000. Savant Capital LLC raised its position in Bank OZK by 0.7% in the fourth quarter. Savant Capital LLC now owns 46,784 shares of the company’s stock worth $2,083,000 after acquiring an additional 327 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in Bank OZK in the fourth quarter valued at about $2,626,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

OZK has been the topic of several recent research reports. UBS Group started coverage on shares of Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target on the stock. Wells Fargo & Company upgraded shares of 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 report on Tuesday, January 21st. Truist Financial lowered their price target 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 lifted their target price on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Stephens increased their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. One research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.00.

Bank OZK Price Performance

Shares of NASDAQ:OZK opened at $52.62 on Friday. The business has a 50-day moving average of $47.29 and a two-hundred day moving average of $45.14. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $53.64. The stock has a market capitalization of $5.97 billion, a P/E ratio of 8.57 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.12. The business had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 earnings per share. On average, equities research analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were issued a dividend of $0.42 per share. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 3.19%. The ex-dividend date was Tuesday, January 14th. Bank OZK’s dividend payout ratio (DPR) is 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.