Bank OZK (NASDAQ:OZK) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in Bank OZK (NASDAQ:OZKGet Rating) by 0.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 287,933 shares of the company’s stock after selling 900 shares during the period. Swiss National Bank’s holdings in Bank OZK were worth $10,806,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Dubuque Bank & Trust Co. grew its stake in Bank OZK by 4.9% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 6,670 shares of the company’s stock worth $250,000 after buying an additional 311 shares during the last quarter. Xponance Inc. grew its stake in shares of Bank OZK by 2.4% during the second quarter. Xponance Inc. now owns 13,518 shares of the company’s stock worth $507,000 after acquiring an additional 311 shares during the last quarter. Covestor Ltd increased its holdings in shares of Bank OZK by 56.6% during the first quarter. Covestor Ltd now owns 896 shares of the company’s stock valued at $38,000 after acquiring an additional 324 shares in the last quarter. Profund Advisors LLC increased its holdings in shares of Bank OZK by 4.4% during the first quarter. Profund Advisors LLC now owns 8,243 shares of the company’s stock valued at $352,000 after acquiring an additional 345 shares in the last quarter. Finally, Brinker Capital Investments LLC raised its position in shares of Bank OZK by 1.9% in the 1st quarter. Brinker Capital Investments LLC now owns 18,951 shares of the company’s stock valued at $809,000 after purchasing an additional 353 shares during the last quarter. 78.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Truist Financial cut their price target on shares of Bank OZK from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Tuesday, October 25th. UBS Group upped their target price on Bank OZK to $48.00 in a research report on Wednesday, November 16th. StockNews.com began coverage on Bank OZK in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Stephens increased their price objective on Bank OZK from $47.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, October 24th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Bank OZK has a consensus rating of “Hold” and an average price target of $48.50.

Bank OZK Trading Up 0.3 %

NASDAQ OZK opened at $46.25 on Monday. The company has a market capitalization of $5.80 billion, a PE ratio of 10.58 and a beta of 1.36. The company has a fifty day moving average of $42.60 and a 200 day moving average of $40.56. Bank OZK has a 1 year low of $34.79 and a 1 year high of $51.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.98 and a quick ratio of 0.98.

Bank OZK (NASDAQ:OZKGet Rating) last posted its earnings results on Thursday, October 20th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.10). Bank OZK had a net margin of 43.58% and a return on equity of 12.72%. The business had revenue of $323.78 million for the quarter, compared to analyst estimates of $305.09 million. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Research analysts forecast that Bank OZK will post 4.52 earnings per share for the current year.

Bank OZK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 21st. Investors of record on Friday, October 14th were paid a $0.33 dividend. This is a boost from Bank OZK’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Thursday, October 13th. Bank OZK’s payout ratio is currently 30.21%.

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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