Bank OZK (NASDAQ:OZK) Shares Acquired by Naviter Wealth LLC

Naviter Wealth LLC increased its stake in Bank OZK (NASDAQ:OZK) by 50.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,457 shares of the company’s stock after acquiring an additional 17,192 shares during the period. Naviter Wealth LLC’s holdings in Bank OZK were worth $2,339,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of Bank OZK during the fourth quarter worth $31,000. Bare Financial Services Inc bought a new position in Bank OZK during the fourth quarter valued at about $36,000. SRS Capital Advisors Inc. lifted its holdings in Bank OZK by 303.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 929 shares of the company’s stock worth $46,000 after purchasing an additional 699 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Bank OZK by 601.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,402 shares of the company’s stock valued at $69,000 after purchasing an additional 1,202 shares during the last quarter. Finally, MCF Advisors LLC acquired a new position in Bank OZK in the 4th quarter valued at $73,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on OZK shares. StockNews.com upgraded Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. Keefe, Bruyette & Woods raised 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 note on Monday, April 22nd. Truist Financial decreased their price target on Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. Wells Fargo & Company dropped their target price on shares of Bank OZK from $39.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday, June 6th. Finally, Stephens restated an “equal weight” rating and set a $50.00 price target on shares of Bank OZK in a research report on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $46.00.

Bank OZK Trading Up 1.1 %

Shares of NASDAQ OZK traded up $0.46 during mid-day trading on Tuesday, hitting $41.25. The company’s stock had a trading volume of 1,392,930 shares, compared to its average volume of 1,281,264. Bank OZK has a one year low of $34.76 and a one year high of $52.36. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 6.91 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 1.01. The company’s fifty day simple moving average is $43.23 and its 200-day simple moving average is $44.55.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, April 18th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.07. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. The business had revenue of $406.02 million during the quarter, compared to analysts’ expectations of $396.81 million. During the same period in the previous year, the firm earned $1.41 earnings per share. On average, sell-side analysts anticipate that Bank OZK will post 6.1 earnings per share for the current fiscal year.

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.