Foster & Motley Inc. Invests $580,000 in Bank OZK $OZK

Foster & Motley Inc. purchased a new stake in Bank OZK (NASDAQ:OZK) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,648 shares of the company’s stock, valued at approximately $580,000.

A number of other institutional investors also recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in Bank OZK in the 4th quarter worth approximately $25,000. BOKF NA bought a new position in shares of Bank OZK in the third quarter worth $27,000. Bayforest Capital Ltd boosted its holdings in shares of Bank OZK by 100.5% in the fourth quarter. Bayforest Capital Ltd now owns 766 shares of the company’s stock worth $35,000 after acquiring an additional 384 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in shares of Bank OZK in the fourth quarter valued at $36,000. Finally, Transamerica Financial Advisors LLC grew its position in shares of Bank OZK by 111.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 830 shares of the company’s stock valued at $38,000 after purchasing an additional 437 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank OZK Trading Up 0.6%

Shares of OZK stock opened at $52.11 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.00 and a current ratio of 1.00. Bank OZK has a 52-week low of $42.37 and a 52-week high of $53.66. The company has a market capitalization of $5.83 billion, a PE ratio of 8.49 and a beta of 0.90. The business’s fifty day moving average is $48.85 and its 200 day moving average is $47.80.

Bank OZK (NASDAQ:OZK) last posted its earnings results on Tuesday, April 21st. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). The business had revenue of $424.32 million for the quarter, compared to analysts’ expectations of $422.62 million. Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.Bank OZK’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.47 earnings per share. On average, equities research analysts anticipate that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 13th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, April 13th. Bank OZK’s dividend payout ratio (DPR) is 30.62%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on OZK shares. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Wells Fargo & Company lifted their target price on Bank OZK from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, March 30th. Morgan Stanley upped their price target on Bank OZK from $57.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. UBS Group assumed coverage on shares of Bank OZK in a report on Tuesday, April 7th. They issued a “neutral” rating and a $48.00 price target on the stock. Finally, Weiss Ratings upgraded shares of Bank OZK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. 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 stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $56.89.

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.