Arcus Capital Partners LLC Invests $302,000 in Bank OZK (NASDAQ:OZK)

Arcus Capital Partners LLC bought a new position in shares of Bank OZK (NASDAQ:OZK) in the fourth quarter, Holdings Channel reports. The fund bought 6,641 shares of the company’s stock, valued at approximately $302,000.

Several other hedge funds and other institutional investors have also bought and sold shares of OZK. Migdal Insurance & Financial Holdings Ltd. bought a new position in Bank OZK in the 4th quarter valued at approximately $27,000. Assetmark Inc. increased its stake in Bank OZK by 73.8% in the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock valued at $42,000 after purchasing an additional 411 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Bank OZK during the third quarter valued at approximately $61,000. Venturi Wealth Management LLC increased its stake in Bank OZK by 424.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,590 shares of the company’s stock valued at $68,000 after purchasing an additional 1,287 shares in the last quarter. Finally, New Wave Wealth Advisors LLC bought a new stake in shares of Bank OZK during the fourth quarter worth about $93,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OZK. Truist Financial reduced their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Monday, October 21st. Piper Sandler increased their price target on Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. UBS Group initiated coverage on shares of Bank OZK in a research note on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price objective for the company. Finally, Stephens lifted their price objective on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.00.

Bank OZK Stock Performance

Shares of OZK opened at $52.62 on Friday. The business has a fifty day moving average of $47.29 and a 200 day moving average of $45.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The firm has a market capitalization of $5.97 billion, a P/E ratio of 8.57 and a beta of 1.20. Bank OZK has a one year low of $37.43 and a one year high of $53.64.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The business had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. During the same period in the prior year, the business posted $1.50 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.68 annualized dividend and a yield of 3.19%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio (DPR) is 27.36%.

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.