Bank OZK (NASDAQ:OZK) Holdings Decreased by Great Lakes Advisors LLC

Great Lakes Advisors LLC reduced its holdings in Bank OZK (NASDAQ:OZK) by 63.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,661 shares of the company’s stock after selling 256,662 shares during the period. Great Lakes Advisors LLC owned about 0.13% of Bank OZK worth $6,531,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. M&T Bank Corp lifted its position in shares of Bank OZK by 1.9% in the third quarter. M&T Bank Corp now owns 13,432 shares of the company’s stock worth $578,000 after purchasing an additional 244 shares in the last quarter. Principal Securities Inc. increased its stake in Bank OZK by 12.7% in the 4th quarter. Principal Securities Inc. now owns 2,509 shares of the company’s stock valued at $112,000 after buying an additional 283 shares during the period. Arizona State Retirement System lifted its position in Bank OZK by 1.0% in the 4th quarter. Arizona State Retirement System now owns 31,253 shares of the company’s stock worth $1,392,000 after buying an additional 305 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Bank OZK by 2.1% during the 4th quarter. Pacer Advisors Inc. now owns 15,733 shares of the company’s stock valued at $701,000 after buying an additional 325 shares during the period. Finally, Savant Capital LLC grew its holdings in shares of Bank OZK by 0.7% during the 4th quarter. Savant Capital LLC now owns 46,784 shares of the company’s stock valued at $2,083,000 after acquiring an additional 327 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Bank OZK Stock Down 2.2 %

OZK opened at $42.94 on Friday. The firm has a market cap of $4.87 billion, a P/E ratio of 6.99 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.03. The business has a 50 day moving average price of $48.10 and a 200 day moving average price of $45.87. Bank OZK has a twelve month low of $37.43 and a twelve month high of $53.64.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.12. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The business had revenue of $412.34 million during the quarter, compared to analysts’ expectations of $407.19 million. During the same period in the previous year, the company earned $1.50 earnings per share. Bank OZK’s revenue for the quarter was up 1.2% on a year-over-year basis. Research analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 14th were given a $0.42 dividend. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Tuesday, January 14th. Bank OZK’s dividend payout ratio (DPR) is currently 27.36%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OZK. UBS Group began coverage on Bank OZK in a report on Tuesday, December 17th. They set a “neutral” rating and a $51.00 price objective for the company. Stephens raised their price target on Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Morgan Stanley lowered their price target on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Wells Fargo & Company upgraded Bank OZK from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.38.

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.