Bank OZK (NASDAQ:OZK) Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC cut its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 24.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 31,457 shares of the company's stock after selling 10,000 shares during the period. Naviter Wealth LLC's holdings in Bank OZK were worth $1,376,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Truist Financial Corp grew its holdings in shares of Bank OZK by 15.2% during the fourth quarter. Truist Financial Corp now owns 13,869 shares of the company's stock worth $618,000 after buying an additional 1,833 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Bank OZK by 62.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 29,181 shares of the company's stock worth $1,299,000 after buying an additional 11,209 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Bank OZK by 33.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 59,012 shares of the company's stock worth $2,628,000 after buying an additional 14,946 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Bank OZK by 54.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 10,742 shares of the company's stock worth $478,000 after buying an additional 3,774 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Bank OZK during the fourth quarter worth $660,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OZK has been the subject of a number of analyst reports. Stephens dropped their price objective 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. Morgan Stanley dropped their price objective on shares of 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 dropped their price objective on shares of Bank OZK from $48.00 to $40.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Bank OZK currently has an average rating of "Hold" and an average target price of $50.86.

Bank OZK Stock Down 0.4%

Shares of NASDAQ:OZK opened at $47.16 on Monday. The firm's 50 day moving average price is $44.80 and its 200 day moving average price is $45.36. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 7.73 and a beta of 0.85. Bank OZK has a fifty-two week low of $35.71 and a fifty-two week high of $53.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.14.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its earnings results on Wednesday, April 16th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.05. The firm had revenue of $409.23 million for the quarter, compared to analysts' expectations of $403.05 million. Bank OZK had a net margin of 25.66% and a return on equity of 13.46%. During the same quarter last year, the company earned $1.51 earnings per share. As a group, equities 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 declared 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 positive change from Bank OZK's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 3.65%. The ex-dividend date was Monday, April 14th. Bank OZK's dividend payout ratio is currently 28.20%.

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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