Stephens Inc. AR Sells 2,948 Shares of Bank OZK (NASDAQ:OZK)

Stephens Inc. AR lowered its stake in shares of Bank OZK (NASDAQ:OZK) by 3.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 75,186 shares of the company’s stock after selling 2,948 shares during the period. Stephens Inc. AR owned approximately 0.07% of Bank OZK worth $3,348,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers lifted its position in Bank OZK by 28.8% during the second quarter. Cetera Investment Advisers now owns 30,302 shares of the company’s stock valued at $1,242,000 after purchasing an additional 6,774 shares during the period. CWM LLC raised its stake in Bank OZK by 125.3% during the 3rd quarter. CWM LLC now owns 21,953 shares of the company’s stock valued at $944,000 after buying an additional 12,207 shares during the last quarter. Cabot Wealth Management Inc. raised its stake in Bank OZK by 0.8% during the 3rd quarter. Cabot Wealth Management Inc. now owns 292,021 shares of the company’s stock valued at $12,554,000 after buying an additional 2,445 shares during the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of Bank OZK during the 3rd quarter valued at $219,000. Finally, Cardinal Capital Management boosted its stake in shares of Bank OZK by 11.1% in the 3rd quarter. Cardinal Capital Management now owns 45,714 shares of the company’s stock worth $1,965,000 after buying an additional 4,579 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

OZK opened at $51.29 on Tuesday. The firm has a market cap of $5.82 billion, a P/E ratio of 8.35 and a beta of 1.20. Bank OZK has a 1-year low of $37.43 and a 1-year high of $53.64. The company has a 50 day simple moving average of $47.06 and a two-hundred day simple moving average of $45.01. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million during the quarter, compared to analyst estimates of $407.19 million. Bank OZK had a return on equity of 13.90% and a net margin of 25.83%. Bank OZK’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.50 EPS. Equities analysts forecast that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 14th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Tuesday, January 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s dividend payout ratio (DPR) is 27.36%.

Analysts Set New Price Targets

A number of research firms recently commented on OZK. Piper Sandler upped their price objective on Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Stephens increased 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 note on Tuesday, January 21st. UBS Group started coverage on shares of Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price objective on the stock. Truist Financial reduced their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a report on Monday, October 21st. Finally, Wells Fargo & Company upgraded shares of Bank OZK from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $40.00 to $48.00 in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $50.00.

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.