Axa S.A. Sells 106,783 Shares of Bank OZK (NASDAQ:OZK)

Axa S.A. trimmed its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 84.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,264 shares of the company's stock after selling 106,783 shares during the quarter. Axa S.A.'s holdings in Bank OZK were worth $902,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Bank OZK by 30.7% in the third quarter. Barclays PLC now owns 254,874 shares of the company's stock worth $10,958,000 after buying an additional 59,907 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Bank OZK by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 56,592 shares of the company's stock valued at $2,433,000 after purchasing an additional 681 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in shares of Bank OZK by 49.4% in the fourth quarter. Capital Investment Advisors LLC now owns 16,035 shares of the company's stock worth $714,000 after purchasing an additional 5,302 shares during the period. Wedmont Private Capital bought a new stake in Bank OZK during the fourth quarter valued at $203,000. Finally, Pallas Capital Advisors LLC increased its stake in Bank OZK by 3.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 10,555 shares of the company's stock worth $470,000 after acquiring an additional 373 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company's stock.

Bank OZK Price Performance

OZK opened at $44.61 on Friday. Bank OZK has a 12-month low of $35.71 and a 12-month high of $53.64. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 7.27 and a beta of 0.85. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $42.49 and a two-hundred day simple moving average of $45.78.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The business had revenue of $409.23 million for the quarter, compared to analyst estimates of $403.05 million. During the same quarter in the previous year, the firm posted $1.51 earnings per share. 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 disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were paid a dividend of $0.43 per share. This is a boost from Bank OZK's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.72 dividend on an annualized basis and a yield of 3.86%. Bank OZK's payout ratio is presently 28.20%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OZK. Stephens cut their price objective on Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Morgan Stanley cut their target price on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company lowered their price target on Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods decreased their price objective on Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $49.13.

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.

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