Stifel Financial Corp Sells 7,312 Shares of Bank OZK (NASDAQ:OZK)

Stifel Financial Corp trimmed its position in Bank OZK (NASDAQ:OZK - Free Report) by 28.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 18,489 shares of the company's stock after selling 7,312 shares during the period. Stifel Financial Corp's holdings in Bank OZK were worth $823,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its holdings in Bank OZK by 30.7% during the 3rd quarter. Barclays PLC now owns 254,874 shares of the company's stock worth $10,958,000 after acquiring an additional 59,907 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Bank OZK by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,592 shares of the company's stock worth $2,433,000 after purchasing an additional 681 shares during the period. Capital Investment Advisors LLC lifted its stake in Bank OZK by 49.4% during 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 last quarter. Wedmont Private Capital bought a new position in shares of Bank OZK in the fourth quarter worth approximately $203,000. Finally, Pallas Capital Advisors LLC increased its position in Bank OZK by 3.7% during the 4th quarter. Pallas Capital Advisors LLC now owns 10,555 shares of the company's stock valued at $470,000 after purchasing an additional 373 shares during the period. 86.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their price target 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. Wells Fargo & Company lowered their price target on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Stephens reduced their price objective on 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. Finally, Morgan Stanley lowered their target price on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $49.13.

Bank OZK Price Performance

Bank OZK stock traded up $0.56 during trading hours on Tuesday, reaching $46.87. 1,319,564 shares of the stock were exchanged, compared to its average volume of 1,338,407. 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 company has a market cap of $5.32 billion, a P/E ratio of 7.63 and a beta of 0.85. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.64. The stock has a 50 day moving average of $42.51 and a two-hundred day moving average of $45.82.

Bank OZK (NASDAQ:OZK - Get Free Report) last posted its earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.05. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company had revenue of $409.23 million for the quarter, compared to analyst estimates of $403.05 million. During the same quarter in the prior year, the business posted $1.51 EPS. Equities analysts expect that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were given a $0.43 dividend. This is a positive change from Bank OZK's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Monday, April 14th. Bank OZK's dividend payout ratio (DPR) is currently 28.20%.

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.