Bank OZK $OZK Shares Sold by Earnest Partners LLC

Earnest Partners LLC decreased its holdings in Bank OZK (NASDAQ:OZK) by 4.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 302,826 shares of the company’s stock after selling 13,984 shares during the quarter. Earnest Partners LLC’s holdings in Bank OZK were worth $15,438,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

OZK has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective on shares of Bank OZK from $57.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. TD Cowen decreased their price target on Bank OZK from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bank OZK in a research report on Tuesday, January 27th. Stephens dropped their price objective on Bank OZK from $64.00 to $62.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Finally, UBS Group restated a “neutral” rating and issued a $51.00 price objective on shares of Bank OZK in a report on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Bank OZK has an average rating of “Hold” and a consensus target price of $57.22.

Bank OZK Stock Down 1.0%

NASDAQ OZK opened at $43.40 on Monday. Bank OZK has a 12 month low of $35.71 and a 12 month high of $53.66. The company has a market capitalization of $4.86 billion, a P/E ratio of 7.03 and a beta of 0.93. The company’s 50 day simple moving average is $47.81 and its 200 day simple moving average is $48.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.02 and a quick ratio of 1.03.

Bank OZK (NASDAQ:OZK) last issued its 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 the consensus estimate 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 previous year, the business posted $1.56 earnings per share. Equities research analysts expect that Bank OZK will post 6.02 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 13th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Tuesday, January 13th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.45. Bank OZK’s payout ratio is presently 29.82%.

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.