Financial Partners Group LLC Has $855,000 Stock Position in Bank OZK (NASDAQ:OZK)

Financial Partners Group LLC trimmed its position in Bank OZK (NASDAQ:OZK) by 5.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,803 shares of the company’s stock after selling 1,021 shares during the quarter. Financial Partners Group LLC’s holdings in Bank OZK were worth $855,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC boosted its holdings in shares of Bank OZK by 8.1% during the third quarter. HighTower Advisors LLC now owns 8,146 shares of the company’s stock worth $299,000 after purchasing an additional 610 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Bank OZK during the third quarter worth approximately $228,000. Envestnet Asset Management Inc. boosted its holdings in shares of Bank OZK by 44.0% during the third quarter. Envestnet Asset Management Inc. now owns 289,682 shares of the company’s stock worth $10,739,000 after purchasing an additional 88,504 shares during the period. Invesco Ltd. boosted its holdings in shares of Bank OZK by 10.4% during the third quarter. Invesco Ltd. now owns 413,681 shares of the company’s stock worth $15,335,000 after purchasing an additional 38,965 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of Bank OZK by 16.3% during the third quarter. Hsbc Holdings PLC now owns 33,268 shares of the company’s stock worth $1,236,000 after purchasing an additional 4,667 shares during the period. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a report on Monday, April 22nd. 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 research note on Thursday, June 6th. StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. Truist Financial reduced their target price 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. Finally, Citigroup cut shares of Bank OZK from a “buy” rating to a “sell” rating and reduced their target price for the company from $57.00 to $37.00 in a research note on Wednesday, May 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Bank OZK presently has an average rating of “Hold” and a consensus price target of $46.00.

Bank OZK Stock Performance

Shares of NASDAQ:OZK traded up $1.10 during trading on Friday, reaching $41.00. The stock had a trading volume of 2,501,984 shares, compared to its average volume of 1,510,791. Bank OZK has a 52 week low of $34.76 and a 52 week high of $52.36. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 6.87 and a beta of 1.20. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $43.42 and a two-hundred day simple moving average of $44.69.

Bank OZK (NASDAQ:OZK) last released its quarterly earnings results on Thursday, April 18th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.07. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. The company had revenue of $406.02 million for the quarter, compared to analyst estimates of $396.81 million. During the same quarter last year, the firm posted $1.41 earnings per share. As a group, analysts anticipate that Bank OZK will post 6.1 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were given a dividend of $0.39 per share. The ex-dividend date was Thursday, April 11th. This represents a $1.56 dividend on an annualized basis and a yield of 3.80%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. Bank OZK’s payout ratio is 26.13%.

About Bank OZK

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.