Allspring Global Investments Holdings LLC Buys 50,258 Shares of Bank OZK $OZK

Allspring Global Investments Holdings LLC boosted its stake in Bank OZK (NASDAQ:OZK) by 21.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 284,258 shares of the company’s stock after buying an additional 50,258 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Bank OZK were worth $13,371,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of Bank OZK in the 3rd quarter valued at approximately $27,000. BOKF NA bought a new stake in shares of Bank OZK during the third quarter valued at approximately $27,000. Highline Wealth Partners LLC purchased a new stake in Bank OZK in the third quarter worth $28,000. True Wealth Design LLC grew its stake in 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 purchasing an additional 338 shares during the period. Finally, AdvisorNet Financial Inc raised its holdings in Bank OZK by 82.2% in the third quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock worth $34,000 after purchasing an additional 300 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Bank OZK Price Performance

NASDAQ:OZK opened at $46.31 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $5.18 billion, a P/E ratio of 7.51 and a beta of 0.93. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.66. The firm has a 50-day simple moving average of $46.97 and a two-hundred day simple moving average of $47.29.

Bank OZK (NASDAQ:OZK) last posted its quarterly 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 analysts’ expectations of $434.68 million. Bank OZK had a net margin of 25.50% and a return on equity of 12.65%. During the same quarter in the previous year, the company earned $1.56 EPS. Analysts predict that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, April 20th. Investors of record on Monday, April 13th will be issued a $0.47 dividend. The ex-dividend date is Monday, April 13th. Bank OZK’s dividend payout ratio (DPR) is presently 29.82%.

Wall Street Analyst Weigh In

Several brokerages have commented on OZK. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Wells Fargo & Company increased their price target on shares of Bank OZK from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, March 30th. Citigroup reissued a “sell” rating on shares of Bank OZK in a research report on Monday, January 5th. Zacks Research raised shares of Bank OZK from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Finally, Morgan Stanley upped their price objective on shares of Bank OZK from $57.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $57.22.

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.