Burns Matteson Capital Management LLC Buys Shares of 11,113 Bank OZK $OZK

Burns Matteson Capital Management LLC purchased a new position in shares of Bank OZK (NASDAQ:OZK) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,113 shares of the company’s stock, valued at approximately $511,000.

Several other large investors also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Bank OZK by 37.8% during the first quarter. Royal Bank of Canada now owns 41,257 shares of the company’s stock valued at $1,792,000 after purchasing an additional 11,310 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Bank OZK by 14.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,690 shares of the company’s stock worth $2,029,000 after purchasing an additional 5,717 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Bank OZK by 1.8% in the first quarter. Empowered Funds LLC now owns 60,037 shares of the company’s stock worth $2,609,000 after purchasing an additional 1,058 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Bank OZK by 8.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 349,749 shares of the company’s stock valued at $15,197,000 after purchasing an additional 26,676 shares during the period. Finally, Focus Partners Wealth raised its position in shares of Bank OZK by 11.0% in the first quarter. Focus Partners Wealth now owns 17,711 shares of the company’s stock valued at $770,000 after purchasing an additional 1,756 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on OZK. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bank OZK in a report on Tuesday, January 27th. TD Cowen lowered their target price on shares of Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. Citigroup restated a “sell” rating on shares of Bank OZK in a research report on Monday, January 5th. Zacks Research raised Bank OZK from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Finally, Wall Street Zen upgraded Bank OZK from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $57.22.

Bank OZK Stock Performance

NASDAQ OZK opened at $45.89 on Wednesday. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.66. The company has a fifty day moving average of $47.03 and a 200-day moving average of $47.37. The company has a market capitalization of $5.13 billion, a P/E ratio of 7.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.02 and a current ratio of 1.02.

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). Bank OZK had a net margin of 25.50% and a return on equity of 12.65%. The firm had revenue of $436.29 million during the quarter, compared to the consensus estimate of $434.68 million. During the same period in the prior year, the company earned $1.56 EPS. As a group, equities research analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 13th were given a dividend of $0.46 per share. This is a boost from Bank OZK’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, January 13th. This represents a $1.84 annualized dividend and a dividend yield of 4.0%. Bank OZK’s dividend payout ratio is currently 29.82%.

Bank OZK 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.