Bank OZK $OZK Shares Sold by Strs Ohio

Strs Ohio lessened its holdings in Bank OZK (NASDAQ:OZK) by 93.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,552 shares of the company’s stock after selling 38,511 shares during the quarter. Strs Ohio’s holdings in Bank OZK were worth $130,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Royal Bank of Canada boosted its holdings in Bank OZK by 37.8% in the first quarter. Royal Bank of Canada now owns 41,257 shares of the company’s stock valued at $1,792,000 after purchasing an additional 11,310 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Bank OZK by 14.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,690 shares of the company’s stock valued at $2,029,000 after purchasing an additional 5,717 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Bank OZK by 1.8% in the 1st quarter. Empowered Funds LLC now owns 60,037 shares of the company’s stock valued at $2,609,000 after buying an additional 1,058 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Bank OZK by 8.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 349,749 shares of the company’s stock worth $15,197,000 after buying an additional 26,676 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in shares of Bank OZK by 11.0% during the first quarter. Focus Partners Wealth now owns 17,711 shares of the company’s stock worth $770,000 after buying an additional 1,756 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Price Performance

OZK stock opened at $49.11 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $5.49 billion, a P/E ratio of 7.96 and a beta of 0.94. The business has a 50 day simple moving average of $47.32 and a 200-day simple moving average of $48.47. Bank OZK has a twelve month low of $35.71 and a twelve month high of $53.66.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings results on Tuesday, January 20th. The company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). The business had revenue of $436.29 million for the quarter, compared to analyst estimates of $434.68 million. Bank OZK had a return on equity of 12.65% and a net margin of 25.50%.During the same quarter in the prior year, the company earned $1.56 EPS. As a group, equities analysts anticipate that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 13th were given a $0.46 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, January 13th. This represents a $1.84 annualized dividend and a yield of 3.7%. Bank OZK’s payout ratio is presently 29.82%.

Analyst Ratings Changes

OZK has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Stephens lowered their target price on shares of Bank OZK from $64.00 to $62.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Citigroup restated a “sell” rating on shares of Bank OZK in a research note on Monday, January 5th. Zacks Research raised Bank OZK from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Finally, UBS Group reissued a “neutral” rating and set a $51.00 target price on shares of Bank OZK in a research report on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $56.78.

Bank OZK Company Profile

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.