Bank OZK (NASDAQ:OZK) Holdings Trimmed by Weybosset Research & Management LLC

Weybosset Research & Management LLC reduced its position in shares of Bank OZK (NASDAQ:OZK) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 249,381 shares of the company’s stock after selling 7,625 shares during the quarter. Bank OZK accounts for 4.3% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 11th biggest holding. Weybosset Research & Management LLC owned about 0.22% of Bank OZK worth $11,337,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sowell Financial Services LLC boosted its holdings in shares of Bank OZK by 2.3% during the fourth quarter. Sowell Financial Services LLC now owns 10,573 shares of the company’s stock worth $527,000 after purchasing an additional 236 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of Bank OZK by 2.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 11,374 shares of the company’s stock valued at $567,000 after buying an additional 246 shares during the period. Beacon Pointe Advisors LLC grew its holdings in shares of Bank OZK by 4.1% during the 4th quarter. Beacon Pointe Advisors LLC now owns 6,247 shares of the company’s stock valued at $311,000 after acquiring an additional 247 shares in the last quarter. Cardinal Capital Management increased its stake in shares of Bank OZK by 1.0% in the fourth quarter. Cardinal Capital Management now owns 30,704 shares of the company’s stock worth $1,530,000 after acquiring an additional 292 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Bank OZK by 25.5% during the third quarter. Fifth Third Bancorp now owns 1,487 shares of the company’s stock worth $55,000 after acquiring an additional 302 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on OZK. Raymond James upgraded Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research note on Friday, January 5th. Citigroup dropped their price objective on Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. StockNews.com cut shares of Bank OZK from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Morgan Stanley restated an “equal weight” rating and set a $48.00 price target on shares of Bank OZK in a research note on Monday, April 22nd. Finally, Truist Financial reduced their price objective on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $49.14.

Bank OZK Stock Performance

Shares of Bank OZK stock traded down $0.17 on Monday, reaching $45.85. The stock had a trading volume of 1,048,225 shares, compared to its average volume of 1,200,120. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.01. The business’s 50-day moving average price is $43.81 and its two-hundred day moving average price is $43.70. The stock has a market cap of $5.19 billion, a P/E ratio of 7.68 and a beta of 1.27. Bank OZK has a fifty-two week low of $30.72 and a fifty-two week high of $52.36.

Bank OZK (NASDAQ:OZK) last released its earnings results on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.07. The firm had revenue of $406.02 million during the quarter, compared to analyst estimates of $396.81 million. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. During the same quarter in the previous year, the business earned $1.41 EPS. On average, sell-side analysts forecast that Bank OZK will post 6.04 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were given a $0.39 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Thursday, April 11th. Bank OZK’s payout ratio is currently 26.13%.

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.