State of New Jersey Common Pension Fund D Lowers Stock Holdings in Bank OZK (NASDAQ:OZK)

State of New Jersey Common Pension Fund D lowered its position in shares of Bank OZK (NASDAQ:OZKGet Rating) by 5.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,385 shares of the company’s stock after selling 3,303 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Bank OZK were worth $2,450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Jackson Creek Investment Advisors LLC increased its stake in Bank OZK by 27.5% in the 1st quarter. Jackson Creek Investment Advisors LLC now owns 11,094 shares of the company’s stock worth $474,000 after acquiring an additional 2,395 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Bank OZK by 2.0% during the first quarter. Mutual of America Capital Management LLC now owns 110,330 shares of the company’s stock worth $4,711,000 after purchasing an additional 2,202 shares in the last quarter. Personal CFO Solutions LLC increased its holdings in shares of Bank OZK by 4.5% in the 1st quarter. Personal CFO Solutions LLC now owns 8,795 shares of the company’s stock worth $376,000 after buying an additional 381 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Bank OZK by 341.4% during the 1st quarter. SG Americas Securities LLC now owns 55,894 shares of the company’s stock valued at $2,387,000 after buying an additional 43,230 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of Bank OZK by 1.8% during the 1st quarter. Comerica Bank now owns 62,888 shares of the company’s stock worth $2,629,000 after acquiring an additional 1,107 shares during the last quarter. Institutional investors own 80.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on OZK. Raymond James cut Bank OZK from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 7th. Truist Financial lowered their price target on Bank OZK from $44.00 to $42.00 in a research report on Wednesday, June 15th. Wells Fargo & Company downgraded Bank OZK from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $58.00 to $42.00 in a research report on Thursday, July 7th. Stephens raised their price target on Bank OZK to $45.00 in a research report on Tuesday, July 26th. Finally, Citigroup lowered their price target on Bank OZK from $50.00 to $45.00 in a research report on Wednesday, April 27th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $47.50.

Bank OZK Stock Up 1.3 %

OZK opened at $40.64 on Tuesday. The company has a market cap of $5.10 billion, a P/E ratio of 9.47 and a beta of 1.47. The business’s 50-day moving average price is $38.53 and its 200-day moving average price is $41.84. The company has a current ratio of 0.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. Bank OZK has a 12 month low of $34.79 and a 12 month high of $51.39.

Bank OZK (NASDAQ:OZKGet Rating) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.03 by $0.07. Bank OZK had a return on equity of 12.42% and a net margin of 45.73%. During the same period in the prior year, the company earned $1.16 EPS. On average, equities analysts expect that Bank OZK will post 4.45 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 15th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Thursday, July 14th. This is an increase from Bank OZK’s previous quarterly dividend of $0.31. Bank OZK’s payout ratio is currently 29.84%.

Bank OZK Profile

(Get Rating)

Bank OZK provides various retail and commercial banking services. It accepts various deposit products, including non-interest-bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. The company also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products.

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Institutional Ownership by Quarter for Bank OZK (NASDAQ:OZK)

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