BNP Paribas Financial Markets Has $9.67 Million Position in Bank OZK $OZK

BNP Paribas Financial Markets grew its holdings in shares of Bank OZK (NASDAQ:OZK) by 7.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 210,181 shares of the company’s stock after acquiring an additional 14,337 shares during the quarter. BNP Paribas Financial Markets’ holdings in Bank OZK were worth $9,673,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in Bank OZK during the 3rd quarter worth about $1,301,000. Allianz Asset Management GmbH acquired a new stake in shares of Bank OZK in the 3rd quarter valued at about $2,026,000. JPMorgan Chase & Co. grew its stake in shares of Bank OZK by 21.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 285,876 shares of the company’s stock valued at $14,574,000 after buying an additional 51,171 shares during the period. Villanova Investment Management Co LLC grew its stake in shares of Bank OZK by 37.1% in the 3rd quarter. Villanova Investment Management Co LLC now owns 125,780 shares of the company’s stock valued at $6,412,000 after buying an additional 34,049 shares during the period. Finally, Ruffer LLP acquired a new stake in shares of Bank OZK in the 4th quarter valued at about $3,137,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on OZK shares. UBS Group started coverage on Bank OZK in a research note on Tuesday, April 7th. They issued a “neutral” rating and a $48.00 target price for the company. Weiss Ratings downgraded Bank OZK from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Wells Fargo & Company lifted their price target on Bank OZK from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, March 30th. Wall Street Zen raised shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Morgan Stanley lifted their target price on shares of Bank OZK from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Bank OZK has a consensus rating of “Hold” and a consensus price target of $56.89.

Bank OZK Trading Up 0.6%

NASDAQ:OZK opened at $49.91 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $5.58 billion, a PE ratio of 8.13 and a beta of 0.90. The firm’s 50 day moving average is $47.76 and its 200 day moving average is $47.32. Bank OZK has a 12 month low of $42.37 and a 12 month high of $53.66.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). The company had revenue of $424.32 million during the quarter, compared to the consensus estimate of $422.62 million. Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted $1.47 EPS. Sell-side analysts expect that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 13th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, April 13th. Bank OZK’s payout ratio is currently 30.62%.

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.