Bank OZK (NASDAQ:OZK) Holdings Lowered by Naples Global Advisors LLC

Naples Global Advisors LLC reduced its stake in Bank OZK (NASDAQ:OZK) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,329 shares of the company’s stock after selling 298 shares during the period. Naples Global Advisors LLC’s holdings in Bank OZK were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC boosted its stake in Bank OZK by 30.7% during the third quarter. Barclays PLC now owns 254,874 shares of the company’s stock valued at $10,958,000 after buying an additional 59,907 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Bank OZK by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock valued at $86,989,000 after purchasing an additional 126,352 shares in the last quarter. Verition Fund Management LLC boosted its position in shares of Bank OZK by 68.6% during the 3rd quarter. Verition Fund Management LLC now owns 34,869 shares of the company’s stock valued at $1,499,000 after purchasing an additional 14,189 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Bank OZK by 112.8% in the 3rd quarter. Cerity Partners LLC now owns 51,717 shares of the company’s stock worth $2,223,000 after purchasing an additional 27,409 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Bank OZK by 124.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,698,856 shares of the company’s stock worth $73,034,000 after purchasing an additional 942,309 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors.

Bank OZK Stock Up 0.2 %

NASDAQ:OZK opened at $52.62 on Friday. Bank OZK has a 1-year low of $37.43 and a 1-year high of $53.64. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 8.57 and a beta of 1.20. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average price is $47.29 and its 200 day moving average price is $45.14.

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

Bank OZK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders 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. The ex-dividend date was Tuesday, January 14th. This represents a $1.68 dividend on an annualized basis and a yield of 3.19%. Bank OZK’s dividend payout ratio is presently 27.36%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Piper Sandler raised their target price on shares of Bank OZK from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Stephens raised their price objective 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. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $40.00 to $48.00 in a research report on Tuesday, January 21st. Truist Financial reduced their target price on Bank OZK from $48.00 to $46.00 and set a “hold” rating for the company in a report on Monday, October 21st. Finally, UBS Group began coverage on Bank OZK in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.00.

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.