American Century Companies Inc. Buys 112,048 Shares of Bank OZK $OZK

American Century Companies Inc. raised its position in Bank OZK (NASDAQ:OZK) by 4.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,743,655 shares of the company’s stock after acquiring an additional 112,048 shares during the quarter. American Century Companies Inc.’s holdings in Bank OZK were worth $139,872,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in shares of Bank OZK during the third quarter valued at about $27,000. Hantz Financial Services Inc. lifted its holdings in shares of Bank OZK by 58.2% during the second quarter. Hantz Financial Services Inc. now owns 590 shares of the company’s stock valued at $28,000 after purchasing an additional 217 shares during the last quarter. Highline Wealth Partners LLC bought a new stake in shares of Bank OZK in the 3rd quarter worth approximately $28,000. True Wealth Design LLC grew its stake in shares of Bank OZK by 147.0% in the third quarter. True Wealth Design LLC now owns 568 shares of the company’s stock worth $29,000 after acquiring an additional 338 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in shares of Bank OZK by 82.2% during the third quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $34,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on OZK shares. Citigroup restated a “sell” rating on shares of Bank OZK in a research note on Monday, January 5th. UBS Group restated a “neutral” rating and issued a $51.00 price objective on shares of Bank OZK in a research note on Tuesday, January 6th. Stephens reduced their price objective on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. TD Cowen cut their price target on Bank OZK from $56.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Finally, Morgan Stanley lowered their price target on shares of Bank OZK from $59.00 to $57.00 and set an “equal weight” rating for the company in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $56.78.

Bank OZK Trading Down 5.6%

NASDAQ:OZK opened at $46.56 on Monday. The firm has a fifty day simple moving average of $48.11 and a 200-day simple moving average of $48.42. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $5.21 billion, a P/E ratio of 7.55 and a beta of 0.93. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.66.

Bank OZK (NASDAQ:OZK) last released its earnings results on Tuesday, January 20th. The company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). The firm had revenue of $436.29 million for the quarter, compared to analyst estimates of $434.68 million. Bank OZK had a return on equity of 12.65% and a net margin of 25.50%.During the same period last year, the firm earned $1.56 EPS. On average, equities research analysts anticipate that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 13th were issued a $0.46 dividend. The ex-dividend date of this dividend was Tuesday, January 13th. This is a boost from Bank OZK’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a yield of 4.0%. Bank OZK’s dividend payout ratio is presently 29.82%.

Bank OZK Company Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.