Bank OZK (NASDAQ:OZK) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in Bank OZK (NASDAQ:OZK - Free Report) by 92.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,545 shares of the company's stock after selling 30,076 shares during the period. SG Americas Securities LLC's holdings in Bank OZK were worth $127,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new position in shares of Bank OZK during the first quarter worth about $25,000. Geneos Wealth Management Inc. increased its stake in shares of Bank OZK by 94.0% in the first quarter. Geneos Wealth Management Inc. now owns 776 shares of the company's stock valued at $33,000 after purchasing an additional 376 shares during the period. Covestor Ltd increased its stake in shares of Bank OZK by 56.6% in the first quarter. Covestor Ltd now owns 896 shares of the company's stock valued at $38,000 after purchasing an additional 324 shares during the period. Quarry LP increased its stake in shares of Bank OZK by 235.2% during the first quarter. Quarry LP now owns 1,106 shares of the company's stock valued at $38,000 after acquiring an additional 776 shares during the period. Finally, Coppell Advisory Solutions Corp. acquired a new position in shares of Bank OZK during the fourth quarter valued at approximately $42,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on OZK shares. UBS Group cut shares of Bank OZK from a "buy" rating to a "neutral" rating in a report on Monday, January 8th. StockNews.com lowered shares of Bank OZK from a "hold" rating to a "sell" rating in a research note on Friday, March 22nd. Truist Financial decreased their price objective on shares of Bank OZK from $52.00 to $48.00 and set a "hold" rating for the company in a research note on Monday, April 1st. Wells Fargo & Company decreased their price objective on shares of Bank OZK from $41.00 to $39.00 and set an "underweight" rating for the company in a research note on Thursday, February 1st. Finally, Raymond James raised shares of Bank OZK from a "market perform" rating to an "outperform" rating and set a $58.00 price objective for the company in a research note on Friday, January 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $48.14.

Bank OZK Stock Up 4.7 %

Shares of NASDAQ:OZK traded up $1.98 during trading on Thursday, reaching $43.80. 2,169,332 shares of the company traded hands, compared to its average volume of 1,193,959. The firm has a fifty day simple moving average of $43.34 and a 200 day simple moving average of $43.15. The firm has a market cap of $4.96 billion, a P/E ratio of 7.46 and a beta of 1.27. Bank OZK has a 1-year low of $30.72 and a 1-year high of $52.36. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.27.

Bank OZK (NASDAQ:OZK - Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.07. The business had revenue of $406.02 million for the quarter, compared to the consensus estimate of $396.81 million. Bank OZK had a net margin of 30.69% and a return on equity of 15.13%. During the same quarter last year, the firm earned $1.41 EPS. Analysts anticipate that Bank OZK will post 5.87 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 12th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.56%. This is an increase from Bank OZK's previous quarterly dividend of $0.38. Bank OZK's dividend payout ratio (DPR) is currently 26.58%.

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.