Bank OZK (NASDAQ:OZK) Shares Sold by BlackDiamond Wealth Management LLC

BlackDiamond Wealth Management LLC decreased its position in Bank OZK (NASDAQ:OZK) by 16.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,550 shares of the company’s stock after selling 1,885 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in Bank OZK were worth $425,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. State Street Corp grew its position in shares of Bank OZK by 7.3% in the 3rd quarter. State Street Corp now owns 7,106,907 shares of the company’s stock worth $305,526,000 after acquiring an additional 485,172 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Bank OZK by 32.7% in the 3rd quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock worth $181,566,000 after acquiring an additional 1,041,198 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Bank OZK by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company’s stock worth $183,909,000 after acquiring an additional 188,575 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Bank OZK by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock worth $86,989,000 after acquiring an additional 126,352 shares in the last quarter. Finally, Captrust Financial Advisors grew its position 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 acquiring an additional 942,309 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Stock Up 0.2 %

Shares of Bank OZK stock opened at $44.26 on Tuesday. The business’s fifty day moving average price is $48.11 and its two-hundred day moving average price is $45.93. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02. The company has a market capitalization of $5.02 billion, a P/E ratio of 7.21 and a beta of 1.23. Bank OZK has a 1-year low of $37.43 and a 1-year high of $53.64.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.12. The firm 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 revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 EPS. As a group, research analysts forecast that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 14th were paid a dividend of $0.42 per share. The ex-dividend date was Tuesday, January 14th. This represents a $1.68 annualized dividend and a yield of 3.80%. This is an increase from Bank OZK’s previous quarterly dividend of $0.41. Bank OZK’s payout ratio is presently 27.36%.

Wall Street Analysts Forecast Growth

OZK has been the subject of several research reports. UBS Group initiated coverage on Bank OZK in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 target price for the company. Stephens raised their price target on Bank OZK from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Wells Fargo & Company raised Bank OZK from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $40.00 to $48.00 in a report on Tuesday, January 21st. Finally, Morgan Stanley cut their price target on Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $50.38.

Bank OZK Company 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.