Bank OZK (NASDAQ:OZK) Holdings Reduced by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina lowered its position in Bank OZK (NASDAQ:OZKFree Report) by 38.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 48,757 shares of the company’s stock after selling 29,838 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Bank OZK were worth $2,430,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sowell Financial Services LLC lifted its holdings in Bank OZK by 2.3% in 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 lifted its stake in shares of Bank OZK by 2.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 11,374 shares of the company’s stock worth $567,000 after acquiring an additional 246 shares during the period. Beacon Pointe Advisors LLC boosted its holdings in shares of Bank OZK by 4.1% in the fourth 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% during the fourth quarter. Cardinal Capital Management now owns 30,704 shares of the company’s stock valued at $1,530,000 after acquiring an additional 292 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in Bank OZK by 4.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 8,075 shares of the company’s stock worth $299,000 after purchasing an additional 307 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

Bank OZK Stock Performance

Shares of OZK opened at $39.01 on Friday. The company has a 50-day moving average of $45.00 and a two-hundred day moving average of $45.16. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 6.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 1.01. Bank OZK has a one year low of $34.76 and a one year high of $52.36.

Bank OZK (NASDAQ:OZKGet Free Report) last posted its quarterly earnings data on Thursday, April 18th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.07. The firm had revenue of $406.02 million for the quarter, compared to analysts’ expectations of $396.81 million. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. During the same period in the previous year, the company posted $1.41 EPS. On average, equities research analysts expect that Bank OZK will post 6.1 earnings per share for the current year.

Bank OZK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were paid 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 4.00%. The ex-dividend date of this dividend was Thursday, April 11th. Bank OZK’s dividend payout ratio is currently 26.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OZK. Keefe, Bruyette & Woods lifted their price target on Bank OZK from $45.00 to $47.00 and gave the company a “market perform” rating in a research report on Monday, April 22nd. Stephens reiterated an “equal weight” rating and issued a $50.00 price target on shares of Bank OZK in a research report on Thursday, May 30th. StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Truist Financial dropped their target price on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. Finally, Wells Fargo & Company reduced their target price on shares of Bank OZK from $39.00 to $35.00 and set an “underweight” rating for the company in a report on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $46.00.

Get Our Latest Research Report on OZK

Bank OZK Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding OZK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank OZK (NASDAQ:OZKFree Report).

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

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