LSV Asset Management Has $20.62 Million Position in Bank OZK (NASDAQ:OZK)

Key Points

• LSV Asset Management reduced its stake in Bank OZK by 5.2% in the first quarter, ending with approximately 0.42% ownership valued at $20.6 million.
• Bank OZK's recent quarterly earnings surpassed analyst expectations, reporting $1.58 EPS compared to a consensus estimate of $1.51, alongside a notable increase in revenue.
• The company has announced a quarterly dividend of $0.44, up from the previous $0.43, resulting in an annualized dividend yield of 3.7%.

LSV Asset Management decreased its holdings in shares of Bank OZK (NASDAQ:OZK - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 474,446 shares of the company's stock after selling 26,194 shares during the period. LSV Asset Management owned approximately 0.42% of Bank OZK worth $20,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Commerce Bank boosted its position in shares of Bank OZK by 22.2% during the 1st quarter. Commerce Bank now owns 26,982 shares of the company's stock valued at $1,172,000 after purchasing an additional 4,908 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of Bank OZK by 66.7% in the first quarter. Natixis Advisors LLC now owns 36,503 shares of the company's stock worth $1,586,000 after buying an additional 14,601 shares during the period. XTX Topco Ltd boosted its holdings in shares of Bank OZK by 100.2% in the first quarter. XTX Topco Ltd now owns 20,411 shares of the company's stock worth $887,000 after buying an additional 10,216 shares during the period. GSA Capital Partners LLP lifted its position in shares of Bank OZK by 52.2% in the first quarter. GSA Capital Partners LLP now owns 30,001 shares of the company's stock worth $1,304,000 after purchasing an additional 10,286 shares in the last quarter. Finally, Wincap Financial LLC lifted its position in shares of Bank OZK by 28.5% in the first quarter. Wincap Financial LLC now owns 17,091 shares of the company's stock worth $743,000 after purchasing an additional 3,786 shares in the last quarter. Institutional investors own 86.18% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on OZK shares. Stephens reduced their price target on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Wells Fargo & Company lifted their price target on shares of Bank OZK from $48.00 to $49.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Raymond James Financial raised shares of Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price target on the stock in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods dropped their price target 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. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Bank OZK presently has an average rating of "Hold" and a consensus price target of $52.88.

Bank OZK Stock Performance

Shares of Bank OZK stock traded up $0.63 during midday trading on Friday, hitting $48.03. The company had a trading volume of 688,492 shares, compared to its average volume of 1,203,347. The business's 50 day simple moving average is $48.41 and its two-hundred day simple moving average is $46.50. The stock has a market cap of $5.46 billion, a PE ratio of 7.80 and a beta of 0.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.02. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.64.

Bank OZK (NASDAQ:OZK - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.07. The business had revenue of $428.04 million for the quarter, compared to the consensus estimate of $423.41 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.24%. During the same quarter last year, the company posted $1.52 earnings per share. As a group, equities analysts predict that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 11th were paid a $0.44 dividend. The ex-dividend date was Friday, July 11th. This is a positive change from Bank OZK's previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 3.7%. Bank OZK's dividend payout ratio is 28.57%.

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.