Van Berkom & Associates Inc. Has $86.03 Million Position in Bank OZK $OZK

Van Berkom & Associates Inc. increased its holdings in shares of Bank OZK (NASDAQ:OZK) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,869,432 shares of the company’s stock after acquiring an additional 50,985 shares during the period. Bank OZK comprises about 2.5% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 16th biggest position. Van Berkom & Associates Inc.’s holdings in Bank OZK were worth $86,031,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp boosted its position in Bank OZK by 7.6% in the fourth quarter. Truist Financial Corp now owns 19,807 shares of the company’s stock valued at $912,000 after buying an additional 1,406 shares in the last quarter. Hussman Strategic Advisors Inc. boosted its position in Bank OZK by 25.0% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 52,500 shares of the company’s stock valued at $2,416,000 after buying an additional 10,500 shares in the last quarter. Benjamin Edwards Inc. boosted its position in Bank OZK by 5.6% in the fourth quarter. Benjamin Edwards Inc. now owns 10,982 shares of the company’s stock valued at $506,000 after buying an additional 578 shares in the last quarter. Sigma Planning Corp boosted its position in Bank OZK by 12.8% in the fourth quarter. Sigma Planning Corp now owns 6,291 shares of the company’s stock valued at $290,000 after buying an additional 713 shares in the last quarter. Finally, Belleair Asset Management LLC acquired a new position in Bank OZK in the fourth quarter valued at about $1,650,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OZK has been the topic of a number of recent analyst reports. TD Cowen reduced their price target on shares of Bank OZK from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Stephens reduced their price target on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Wells Fargo & Company boosted their price target on shares of Bank OZK from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, March 30th. Morgan Stanley boosted their price target on shares of Bank OZK from $57.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Finally, UBS Group initiated coverage on shares of Bank OZK in a research report on Tuesday, April 7th. They issued a “neutral” rating and a $48.00 price target on the stock. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $56.89.

Bank OZK Trading Down 1.4%

OZK opened at $47.90 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.00 and a quick ratio of 1.02. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 7.80 and a beta of 0.91. The firm has a 50 day simple moving average of $46.59 and a 200 day simple moving average of $46.79. Bank OZK has a fifty-two week low of $42.37 and a fifty-two week high of $53.66.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). The business had revenue of $424.32 million for the quarter, compared to the consensus estimate of $422.62 million. Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $1.47 earnings per share. On average, sell-side analysts anticipate that Bank OZK will post 6.03 earnings per share for the current year.

Bank OZK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 13th were issued a dividend of $0.47 per share. The ex-dividend date was Monday, April 13th. This represents a $1.88 dividend on an annualized basis and a yield of 3.9%. Bank OZK’s payout ratio is currently 30.62%.

Bank OZK 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.