Hsbc Holdings PLC Grows Stake in Bank OZK $OZK

Hsbc Holdings PLC grew its holdings in Bank OZK (NASDAQ:OZK) by 234.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 91,598 shares of the company’s stock after acquiring an additional 64,196 shares during the quarter. Hsbc Holdings PLC owned 0.08% of Bank OZK worth $4,250,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of OZK. Wasatch Advisors LP boosted its stake in Bank OZK by 34.9% in the 3rd quarter. Wasatch Advisors LP now owns 7,437,646 shares of the company’s stock worth $379,171,000 after purchasing an additional 1,924,387 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Bank OZK by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,587,068 shares of the company’s stock worth $303,141,000 after purchasing an additional 124,691 shares during the last quarter. State Street Corp increased its stake in Bank OZK by 9.1% during the 4th quarter. State Street Corp now owns 6,556,105 shares of the company’s stock valued at $301,712,000 after purchasing an additional 546,785 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Bank OZK by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,554,014 shares of the company’s stock valued at $209,576,000 after purchasing an additional 73,920 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Bank OZK by 3.3% in the fourth quarter. First Trust Advisors LP now owns 2,901,611 shares of the company’s stock worth $133,532,000 after buying an additional 93,445 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Analyst Ratings Changes

OZK has been the subject of several research reports. UBS Group assumed coverage on shares of Bank OZK in a research note on Tuesday, April 7th. They set a “neutral” rating and a $48.00 price objective for the company. Weiss Ratings raised Bank OZK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Wall Street Zen upgraded Bank OZK from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Morgan Stanley lifted their price target on Bank OZK from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Finally, Wells Fargo & Company boosted 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. Five equities 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. According to MarketBeat.com, Bank OZK currently has an average rating of “Hold” and a consensus target price of $56.89.

Bank OZK Price Performance

NASDAQ:OZK opened at $52.11 on Friday. The firm’s fifty day moving average is $48.85 and its two-hundred day moving average is $47.80. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 8.49 and a beta of 0.90. 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 one year low of $42.37 and a one year high of $53.66.

Bank OZK (NASDAQ:OZK) last issued its 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 analysts’ expectations of $422.62 million. Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.47 EPS. Research analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 3.6%. 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.