Migdal Insurance & Financial Holdings Ltd. Invests $27,000 in Bank OZK (NASDAQ:OZK)

Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Bank OZK (NASDAQ:OZK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 611 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors have also added to or reduced their stakes in OZK. Assetmark Inc. lifted its holdings in shares of Bank OZK by 73.8% during the third quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $42,000 after buying an additional 411 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Bank OZK in the 3rd quarter worth about $61,000. Venturi Wealth Management LLC boosted its holdings in Bank OZK by 424.8% in 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 during the period. New Wave Wealth Advisors LLC acquired a new position in shares of Bank OZK during the 4th quarter worth approximately $93,000. Finally, R Squared Ltd bought a new position in shares of Bank OZK during the fourth quarter worth approximately $149,000. 86.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OZK has been the topic of a number of analyst reports. Wells Fargo & Company raised 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 research report on Tuesday, January 21st. Truist Financial cut their price objective on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, October 21st. UBS Group began coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 target price for the company. Piper Sandler increased their price target on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Stephens boosted their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $50.00.

Bank OZK Trading Down 2.0 %

OZK opened at $51.98 on Friday. The company’s 50 day moving average price is $47.02 and its two-hundred day moving average price is $44.98. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 8.47 and a beta of 1.20. Bank OZK has a fifty-two week low of $37.43 and a fifty-two week high of $53.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.12. The company had revenue of $412.34 million during the quarter, compared to analysts’ expectations of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.50 earnings per share. As a group, research analysts predict that Bank OZK will post 5.97 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were issued a $0.42 dividend. This is a positive change from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date was Tuesday, January 14th. This represents a $1.68 annualized dividend and a yield of 3.23%. Bank OZK’s payout ratio is presently 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.