SRS Capital Advisors Inc. Has $46,000 Stock Position in Bank OZK (NASDAQ:OZK)

SRS Capital Advisors Inc. increased its stake in shares of Bank OZK (NASDAQ:OZK) by 303.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 929 shares of the company’s stock after purchasing an additional 699 shares during the period. SRS Capital Advisors Inc.’s holdings in Bank OZK were worth $46,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OZK. Jupiter Asset Management Ltd. boosted its position in shares of Bank OZK by 423.9% during the third quarter. Jupiter Asset Management Ltd. now owns 1,085,368 shares of the company’s stock worth $40,235,000 after purchasing an additional 878,212 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in Bank OZK by 18.1% in the third quarter. Van Berkom & Associates Inc. now owns 2,031,518 shares of the company’s stock valued at $75,308,000 after acquiring an additional 311,293 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of Bank OZK in the third quarter worth about $10,788,000. Schonfeld Strategic Advisors LLC raised its position in shares of Bank OZK by 86.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 605,606 shares of the company’s stock worth $22,450,000 after purchasing an additional 280,392 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Bank OZK by 33.2% during the 3rd quarter. American Century Companies Inc. now owns 716,297 shares of the company’s stock valued at $26,553,000 after purchasing an additional 178,620 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their target price on Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a research note on Monday, April 22nd. Truist Financial lowered their price objective on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $48.00 price objective on shares of Bank OZK in a research report on Monday, April 22nd. StockNews.com cut Bank OZK from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Finally, UBS Group lowered Bank OZK from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Bank OZK currently has a consensus rating of “Hold” and an average target price of $49.14.

Bank OZK Stock Up 1.1 %

Bank OZK stock opened at $46.75 on Friday. The company has a fifty day simple moving average of $44.10 and a 200 day simple moving average of $43.90. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. Bank OZK has a 1-year low of $30.72 and a 1-year high of $52.36. The company has a market cap of $5.29 billion, a P/E ratio of 7.83 and a beta of 1.24.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.07. Bank OZK had a return on equity of 14.84% and a net margin of 28.54%. The company had revenue of $406.02 million during the quarter, compared to analysts’ expectations of $396.81 million. During the same quarter last year, the company earned $1.41 EPS. Research analysts anticipate that Bank OZK will post 6.04 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were given a dividend of $0.39 per share. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Thursday, April 11th. Bank OZK’s dividend payout ratio is 26.13%.

Bank OZK 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.