BTC Capital Management Inc. Has $474,000 Stock Position in Bank OZK (NASDAQ:OZK)

BTC Capital Management Inc. cut its position in Bank OZK (NASDAQ:OZK) by 46.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,647 shares of the company’s stock after selling 9,075 shares during the period. BTC Capital Management Inc.’s holdings in Bank OZK were worth $474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OZK. Assetmark Inc. lifted its stake in shares of 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 buying an additional 411 shares in the last quarter. American National Bank & Trust acquired a new stake in shares of Bank OZK in the 3rd quarter worth about $44,000. Capital Performance Advisors LLP bought a new position in Bank OZK in the 3rd quarter valued at about $61,000. Venturi Wealth Management LLC boosted 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 during the last quarter. Finally, Quarry LP increased its holdings in Bank OZK by 373.4% during the 2nd quarter. Quarry LP now owns 1,690 shares of the company’s stock worth $69,000 after purchasing an additional 1,333 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OZK has been the topic of a number of recent research reports. Piper Sandler raised their target price on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Truist Financial dropped their price objective on Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, October 21st. Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. UBS Group started coverage on shares of Bank OZK in a research report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price target on the stock. Finally, Stephens upped their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. One investment 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. According to data from MarketBeat.com, Bank OZK presently has a consensus rating of “Hold” and an average price target of $50.00.

Bank OZK Stock Performance

Shares of OZK stock opened at $50.79 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 8.27 and a beta of 1.20. Bank OZK has a 52 week low of $37.43 and a 52 week high of $51.61. The firm’s 50-day simple moving average is $46.92 and its two-hundred day simple moving average is $44.83.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, January 16th. The company reported $1.56 EPS 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 company had revenue of $412.34 million for the quarter, compared to analysts’ expectations of $407.19 million. During the same quarter in the previous year, the firm posted $1.50 EPS. Bank OZK’s revenue was up 1.2% on a year-over-year basis. As a group, equities analysts forecast that Bank OZK will post 5.97 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were paid a dividend of $0.42 per share. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.68 annualized dividend and a dividend yield of 3.31%. Bank OZK’s dividend payout ratio is presently 27.36%.

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.