Charles Schwab Investment Management Inc. Raises Position in Bank OZK (NASDAQ:OZK)

Charles Schwab Investment Management Inc. grew its position in Bank OZK (NASDAQ:OZK) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,130,006 shares of the company’s stock after acquiring an additional 188,575 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Bank OZK were worth $183,909,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Bank OZK during the fourth quarter worth $27,000. Kestra Investment Management LLC bought a new stake in Bank OZK during the 4th quarter valued at $27,000. Smartleaf Asset Management LLC grew its stake in Bank OZK by 176.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company’s stock valued at $34,000 after purchasing an additional 486 shares during the last quarter. Assetmark Inc. grew its position in shares of Bank OZK by 73.8% in the 3rd quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after buying an additional 411 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in Bank OZK by 81.3% in the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company’s stock worth $42,000 after purchasing an additional 425 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $44.83 on Friday. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 7.30 and a beta of 1.23. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. Bank OZK has a 52 week low of $37.43 and a 52 week high of $53.64. The firm has a 50-day simple moving average of $48.14 and a 200-day simple moving average of $45.80.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The company had revenue of $412.34 million for the quarter, compared to analyst estimates of $407.19 million. During the same quarter in the previous year, the company earned $1.50 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts predict that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.75%. The ex-dividend date was Tuesday, January 14th. This is a boost from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio (DPR) is currently 27.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OZK. UBS Group began 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. Wells Fargo & Company raised shares of Bank OZK from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. Finally, Stephens raised their price objective on Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Bank OZK has a consensus rating of “Hold” and an average price target of $50.00.

Bank OZK Company Profile

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.