Capital Investment Advisors LLC reduced its stake in Bank OZK (NASDAQ:OZK – Get Rating) by 5.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 13,877 shares of the company’s stock after selling 800 shares during the period. Capital Investment Advisors LLC’s holdings in Bank OZK were worth $593,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of OZK. Charles Schwab Investment Management Inc. lifted its holdings in Bank OZK by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,409,544 shares of the company’s stock valued at $112,116,000 after purchasing an additional 80,551 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Bank OZK by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 1,616,195 shares of the company’s stock valued at $75,201,000 after purchasing an additional 32,174 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Bank OZK by 2.0% during the third quarter. UBS Asset Management Americas Inc. now owns 1,003,433 shares of the company’s stock valued at $43,128,000 after purchasing an additional 19,261 shares during the last quarter. Epoch Investment Partners Inc. lifted its holdings in Bank OZK by 7.1% during the fourth quarter. Epoch Investment Partners Inc. now owns 934,250 shares of the company’s stock valued at $43,471,000 after purchasing an additional 61,985 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Bank OZK by 74.3% during the fourth quarter. First Trust Advisors LP now owns 516,749 shares of the company’s stock valued at $24,044,000 after purchasing an additional 220,310 shares during the last quarter. 80.35% of the stock is currently owned by institutional investors.
Several equities research analysts have recently weighed in on OZK shares. StockNews.com started coverage on Bank OZK in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Piper Sandler decreased their price target on Bank OZK from $64.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, March 11th. Citigroup decreased their price target on Bank OZK from $50.00 to $45.00 in a research report on Wednesday, April 27th. Stephens upped their price target on Bank OZK from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, April 25th. Finally, Truist Financial decreased their price target on Bank OZK from $44.00 to $42.00 in a research report on Wednesday, June 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $51.00.
OZK stock opened at $37.67 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $39.29 and its 200 day moving average is $43.52. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 8.66 and a beta of 1.51. Bank OZK has a 1-year low of $34.79 and a 1-year high of $51.39.
Bank OZK (NASDAQ:OZK – Get Rating) last posted its quarterly earnings data on Thursday, April 21st. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.07. The company had revenue of $280.82 million for the quarter, compared to analysts’ expectations of $273.45 million. Bank OZK had a net margin of 47.54% and a return on equity of 12.57%. During the same period in the prior year, the business earned $1.11 earnings per share. As a group, sell-side analysts forecast that Bank OZK will post 4.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 22nd. Shareholders of record on Friday, April 15th were paid a $0.31 dividend. The ex-dividend date was Wednesday, April 13th. This represents a $1.24 annualized dividend and a yield of 3.29%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.30. Bank OZK’s dividend payout ratio is currently 28.51%.
Bank OZK Profile (Get Rating)
Bank OZK provides various retail and commercial banking services. It accepts various deposit products, including non-interest-bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. The company also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.
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Source: defenseworld.net