Victory Capital Management Inc. Has $58.18 Million Holdings in Bank OZK (NASDAQ:OZK)

Victory Capital Management Inc. trimmed its position in shares of Bank OZK (NASDAQ:OZK - Free Report) by 8.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,339,049 shares of the company's stock after selling 124,974 shares during the quarter. Victory Capital Management Inc. owned 1.18% of Bank OZK worth $58,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of OZK. CX Institutional bought a new stake in Bank OZK during the first quarter valued at about $30,000. Bruce G. Allen Investments LLC raised its holdings in Bank OZK by 4,828.6% during the first quarter. Bruce G. Allen Investments LLC now owns 1,035 shares of the company's stock valued at $45,000 after acquiring an additional 1,014 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Bank OZK during the fourth quarter valued at about $54,000. UMB Bank n.a. raised its holdings in Bank OZK by 2,014.3% during the first quarter. UMB Bank n.a. now owns 1,480 shares of the company's stock valued at $64,000 after acquiring an additional 1,410 shares during the period. Finally, Whipplewood Advisors LLC raised its holdings in Bank OZK by 1,052.0% during the first quarter. Whipplewood Advisors LLC now owns 1,993 shares of the company's stock valued at $87,000 after acquiring an additional 1,820 shares during the period. 86.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Keefe, Bruyette & Woods dropped 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. Stephens cut their price target on shares of Bank OZK from $59.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Wells Fargo & Company boosted their target price on Bank OZK from $40.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Finally, Raymond James Financial upgraded Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 target price for the company in a research report on Tuesday, July 8th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $52.75.

Bank OZK Trading Up 0.1%

Bank OZK stock traded up $0.05 during trading on Friday, hitting $51.96. The company had a trading volume of 1,752,185 shares, compared to its average volume of 1,196,926. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.14. Bank OZK has a 1-year low of $35.71 and a 1-year 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 company's 50 day simple moving average is $47.18 and its 200-day simple moving average is $45.98.

Bank OZK (NASDAQ:OZK - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.58 earnings per share (EPS) 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 business had revenue of $428.04 million for the quarter, compared to analyst estimates of $423.41 million. During the same period in the previous year, the business posted $1.52 earnings per share. As a group, analysts expect 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 issued a dividend of $0.44 per share. This is a positive change from Bank OZK's previous quarterly dividend of $0.43. The ex-dividend date was Friday, July 11th. This represents a $1.76 annualized dividend and a dividend yield of 3.39%. Bank OZK's payout ratio is presently 28.57%.

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.