Pallas Capital Advisors LLC Has $470,000 Position in Bank OZK (NASDAQ:OZK)

Pallas Capital Advisors LLC boosted its stake in shares of Bank OZK (NASDAQ:OZK) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,555 shares of the company’s stock after purchasing an additional 373 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Bank OZK were worth $470,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in shares of Bank OZK by 7.3% during the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company’s stock worth $305,526,000 after purchasing an additional 485,172 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Bank OZK by 32.7% during the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock worth $181,566,000 after buying an additional 1,041,198 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Bank OZK by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,941,431 shares of the company’s stock valued at $169,442,000 after acquiring an additional 112,648 shares during the period. AQR Capital Management LLC grew its stake in shares of Bank OZK by 291.5% in the second quarter. AQR Capital Management LLC now owns 2,371,892 shares of the company’s stock worth $95,848,000 after acquiring an additional 1,765,974 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Bank OZK by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock worth $86,989,000 after acquiring an additional 126,352 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Trading Up 3.9 %

Shares of OZK opened at $44.00 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The stock has a market cap of $4.99 billion, a PE ratio of 7.24 and a beta of 1.20. Bank OZK has a 1 year low of $37.43 and a 1 year high of $51.50. The stock has a 50 day simple moving average of $46.48 and a 200-day simple moving average of $44.12.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings data on Thursday, October 17th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.02. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. The firm had revenue of $423.00 million during the quarter, compared to analyst estimates of $419.08 million. On average, sell-side analysts predict that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th will be issued a dividend of $0.42 per share. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Tuesday, January 14th. Bank OZK’s dividend payout ratio (DPR) is currently 27.63%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Stephens increased their price target on shares of Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Raymond James cut shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Piper Sandler boosted their price target on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Wells Fargo & Company raised their price objective on Bank OZK from $35.00 to $40.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd. Finally, Truist Financial decreased their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.25.

About Bank OZK

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.