Stephens Inc. AR reduced its stake in shares of Bank OZK (NASDAQ:OZK - Free Report) by 8.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,664 shares of the company's stock after selling 6,522 shares during the quarter. Stephens Inc. AR owned about 0.06% of Bank OZK worth $2,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Bank OZK by 4.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,693 shares of the company's stock worth $1,029,000 after acquiring an additional 1,086 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Bank OZK by 55.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 129,980 shares of the company's stock valued at $5,639,000 after purchasing an additional 46,349 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Bank OZK by 2.1% during the first quarter. Bank of New York Mellon Corp now owns 1,127,576 shares of the company's stock worth $48,993,000 after purchasing an additional 23,492 shares in the last quarter. GAMMA Investing LLC increased its stake in Bank OZK by 5,021.2% in the first quarter. GAMMA Investing LLC now owns 243,668 shares of the company's stock valued at $10,587,000 after purchasing an additional 238,910 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Bank OZK by 1.3% during the fourth quarter. Deutsche Bank AG now owns 34,815 shares of the company's stock worth $1,550,000 after acquiring an additional 455 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors.
Bank OZK Trading Up 0.1%
Shares of Bank OZK stock traded up $0.05 during trading on Friday, hitting $51.96. The company's stock had a trading volume of 1,752,185 shares, compared to its average volume of 1,199,963. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.02 and a quick ratio of 1.02. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.64. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 8.44 and a beta of 0.85. The stock has a 50-day moving average price of $47.18 and a two-hundred day moving average price of $45.97.
Bank OZK (NASDAQ:OZK - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.07. Bank OZK had a net margin of 25.83% and a return on equity of 13.37%. The company had revenue of $428.04 million for the quarter, compared to analyst estimates of $423.41 million. During the same quarter in the prior year, the business posted $1.52 EPS. Equities research analysts anticipate that Bank OZK will post 6.02 EPS for the current fiscal year.
Bank OZK Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Friday, July 11th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date was Friday, July 11th. This is a boost from Bank OZK's previous quarterly dividend of $0.43. Bank OZK's dividend payout ratio (DPR) is presently 28.85%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. Raymond James Financial upgraded 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. Stephens decreased their target price on 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. Keefe, Bruyette & Woods reduced their price target on Bank OZK from $50.00 to $48.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company upped their price objective on Bank OZK from $40.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Bank OZK has an average rating of "Hold" and an average target price of $52.75.
Read Our Latest Stock Report on OZK
Bank OZK Company Profile
(
Free Report)
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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