Berkley W R Corp Sells 100,000 Shares of Bank OZK (NASDAQ:OZK)

Berkley W R Corp lowered its position in Bank OZK (NASDAQ:OZK - Free Report) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 500,800 shares of the company's stock after selling 100,000 shares during the period. Bank OZK accounts for 0.9% of Berkley W R Corp's portfolio, making the stock its 9th largest holding. Berkley W R Corp owned about 0.44% of Bank OZK worth $22,301,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Bank OZK in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new stake in shares of Bank OZK in the 4th quarter valued at $27,000. Smartleaf Asset Management LLC raised its position in shares of Bank OZK by 176.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock worth $34,000 after acquiring an additional 486 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Bank OZK by 81.3% during the fourth quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock valued at $42,000 after acquiring an additional 425 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in Bank OZK in the fourth quarter valued at about $54,000. 86.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Bank OZK Stock Up 2.2 %

OZK traded up $0.93 during trading on Friday, reaching $44.15. The company had a trading volume of 941,822 shares, compared to its average volume of 1,336,183. The company has a market cap of $5.01 billion, a P/E ratio of 7.19 and a beta of 0.85. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The business's fifty day moving average price is $42.80 and its 200 day moving average price is $45.80.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced 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 firm had revenue of $409.23 million during the quarter, compared to analyst estimates of $403.05 million. During the same period in the prior year, the business earned $1.51 EPS. Equities analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were paid a $0.43 dividend. 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 annualized dividend and a yield of 3.90%. Bank OZK's payout ratio is presently 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.