Ensign Peak Advisors Inc Sells 12,171 Shares of Bank OZK (NASDAQ:OZK)

Ensign Peak Advisors Inc trimmed its holdings in Bank OZK (NASDAQ:OZK - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,291 shares of the company's stock after selling 12,171 shares during the quarter. Ensign Peak Advisors Inc's holdings in Bank OZK were worth $2,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Kestra Investment Management LLC bought a new position in shares of Bank OZK in the 4th quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Bank OZK in the 4th quarter worth about $27,000. Smartleaf Asset Management LLC grew its position in Bank OZK by 176.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 761 shares of the company's stock valued at $34,000 after purchasing an additional 486 shares during the last quarter. V Square Quantitative Management LLC grew its position in Bank OZK by 81.3% during the 4th quarter. V Square Quantitative Management LLC now owns 948 shares of the company's stock valued at $42,000 after purchasing an additional 425 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Bank OZK during the 4th quarter valued at about $54,000. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Stock Performance

Shares of NASDAQ OZK opened at $46.49 on Friday. The firm's 50-day moving average price is $42.61 and its 200-day moving average price is $45.84. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.16. The company has a market cap of $5.27 billion, a PE ratio of 7.57 and a beta of 0.85. Bank OZK has a 52-week low of $35.71 and a 52-week high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $1.47 earnings per share 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 firm had revenue of $409.23 million for the quarter, compared to analysts' expectations of $403.05 million. During the same quarter in the prior year, the business earned $1.51 EPS. As a group, analysts anticipate that Bank OZK will post 6.02 EPS for the current 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 paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Monday, April 14th. This is a boost from Bank OZK's previous quarterly dividend of $0.42. Bank OZK's dividend payout ratio is 28.20%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Stephens cut their price objective on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Keefe, Bruyette & Woods cut their price objective on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley cut their price objective on shares of Bank OZK from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Finally, 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 research report on Wednesday, April 9th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $49.13.

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.

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