Bank OZK (NASDAQ:OZK) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its holdings in Bank OZK (NASDAQ:OZK) by 7.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,246 shares of the company’s stock after selling 415 shares during the quarter. US Bancorp DE’s holdings in Bank OZK were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CX Institutional acquired a new stake in Bank OZK in the 1st quarter valued at about $30,000. Bruce G. Allen Investments LLC lifted its holdings in Bank OZK by 4,828.6% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,035 shares of the company’s stock valued at $45,000 after acquiring an additional 1,014 shares during the last quarter. UMB Bank n.a. lifted its holdings in Bank OZK by 2,014.3% in the 1st quarter. UMB Bank n.a. now owns 1,480 shares of the company’s stock valued at $64,000 after acquiring an additional 1,410 shares during the last quarter. Whipplewood Advisors LLC lifted its holdings in Bank OZK by 1,052.0% in the 1st quarter. Whipplewood Advisors LLC now owns 1,993 shares of the company’s stock valued at $87,000 after acquiring an additional 1,820 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Bank OZK by 176.8% during the first quarter. Versant Capital Management Inc now owns 2,242 shares of the company’s stock valued at $97,000 after buying an additional 1,432 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

Bank OZK Price Performance

NASDAQ OZK opened at $50.29 on Friday. The company has a 50 day simple moving average of $48.88 and a 200-day simple moving average of $46.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 8.16 and a beta of 0.86. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.64.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.07. The business had revenue of $428.04 million during the quarter, compared to analyst estimates of $423.41 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.24%. During the same period in the prior year, the firm earned $1.52 earnings per share. Equities research analysts predict that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 11th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.5%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, July 11th. Bank OZK’s payout ratio is currently 28.57%.

Analyst Upgrades and Downgrades

OZK has been the subject of a number of analyst reports. Stephens reduced their price objective on shares of Bank OZK from $59.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, April 21st. Keefe, Bruyette & Woods reduced their price objective on shares of Bank OZK from $50.00 to $48.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Raymond James Financial raised shares of Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company upped their price objective on shares of Bank OZK from $48.00 to $49.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $52.88.

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.