Yousif Capital Management LLC Reduces Stock Position in Bank OZK $OZK

Yousif Capital Management LLC lowered its holdings in shares of Bank OZK (NASDAQ:OZK) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,384 shares of the company’s stock after selling 748 shares during the quarter. Yousif Capital Management LLC’s holdings in Bank OZK were worth $1,665,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in Bank OZK by 4.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,693 shares of the company’s stock valued at $1,029,000 after acquiring an additional 1,086 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Bank OZK by 55.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 129,980 shares of the company’s stock valued at $5,639,000 after acquiring an additional 46,349 shares during the period. Bank of New York Mellon Corp boosted its holdings in Bank OZK by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,127,576 shares of the company’s stock valued at $48,993,000 after acquiring an additional 23,492 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Bank OZK by 13.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,614 shares of the company’s stock valued at $287,000 after acquiring an additional 782 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Bank OZK by 16.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 72,865 shares of the company’s stock worth $3,166,000 after buying an additional 10,229 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Bank OZK Trading Down 2.3%

Shares of NASDAQ OZK opened at $45.96 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.04. The stock has a market capitalization of $5.23 billion, a P/E ratio of 7.41 and a beta of 0.88. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66. The business has a fifty day moving average price of $51.20 and a 200 day moving average price of $47.70.

Bank OZK (NASDAQ:OZK) last issued its quarterly earnings data on Thursday, October 16th. The company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). The company had revenue of $449.94 million for the quarter, compared to analysts’ expectations of $447.93 million. Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.During the same quarter last year, the company earned $1.55 earnings per share. Equities research analysts expect that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 14th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.9%. This is a boost from Bank OZK’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, October 14th. Bank OZK’s dividend payout ratio (DPR) is 29.03%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OZK. Wells Fargo & Company upped their target price on Bank OZK from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Morgan Stanley upped their target price on Bank OZK from $55.00 to $63.00 and gave the stock an “underperform” rating in a report on Monday, September 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank OZK in a report on Wednesday, October 8th. TD Cowen began coverage on Bank OZK in a report on Thursday, September 25th. They issued a “buy” rating and a $67.00 target price for the company. Finally, National Bankshares set a $67.00 target price on Bank OZK in a report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.22.

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.