Securian Asset Management Inc. Cuts Holdings in Bank OZK (NASDAQ:OZK)

Securian Asset Management Inc. trimmed its holdings in shares of Bank OZK (NASDAQ:OZK) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,976 shares of the company’s stock after selling 229 shares during the quarter. Securian Asset Management Inc.’s holdings in Bank OZK were worth $355,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in Bank OZK by 7.3% in the third quarter. State Street Corp now owns 7,106,907 shares of the company’s stock worth $305,526,000 after purchasing an additional 485,172 shares during the last quarter. Wellington Management Group LLP grew its holdings in Bank OZK by 32.7% in the third quarter. Wellington Management Group LLP now owns 4,223,452 shares of the company’s stock worth $181,566,000 after purchasing an additional 1,041,198 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Bank OZK by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,130,006 shares of the company’s stock worth $183,909,000 after purchasing an additional 188,575 shares during the last quarter. Geode Capital Management LLC grew its holdings in Bank OZK by 6.7% in the third quarter. Geode Capital Management LLC now owns 2,022,979 shares of the company’s stock worth $86,989,000 after purchasing an additional 126,352 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in Bank OZK by 124.6% in the third 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 during the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. UBS Group assumed coverage on shares of Bank OZK in a report on Tuesday, December 17th. They issued a “neutral” rating and a $51.00 price target on the stock. Morgan Stanley dropped their price objective on shares of Bank OZK from $58.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Stephens boosted their price objective on shares of Bank OZK from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company raised shares of Bank OZK from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $40.00 to $48.00 in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.38.

Bank OZK Trading Down 0.2 %

NASDAQ OZK opened at $44.19 on Wednesday. The company has a market capitalization of $5.01 billion, a PE ratio of 7.20 and a beta of 1.23. The company has a fifty day moving average of $48.13 and a 200 day moving average of $45.93. Bank OZK has a 1 year low of $37.43 and a 1 year high of $53.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.02.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, January 16th. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $412.34 million during the quarter, compared to the consensus estimate of $407.19 million. Bank OZK had a net margin of 25.83% and a return on equity of 13.90%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 earnings per share. Research analysts forecast that Bank OZK will post 6.02 earnings per share for the current year.

Bank OZK Increases Dividend

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

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.