Inceptionr LLC Trims Stock Holdings in Bank OZK $OZK

Inceptionr LLC lowered its stake in Bank OZK (NASDAQ:OZK) by 57.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,082 shares of the company’s stock after selling 8,202 shares during the quarter. Inceptionr LLC’s holdings in Bank OZK were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in OZK. PNC Financial Services Group Inc. boosted its stake in Bank OZK by 13.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,614 shares of the company’s stock worth $287,000 after purchasing an additional 782 shares during the period. Truist Financial Corp raised its position in shares of Bank OZK by 7.1% during the second quarter. Truist Financial Corp now owns 16,494 shares of the company’s stock valued at $776,000 after buying an additional 1,088 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Bank OZK by 8.5% in the first quarter. Raymond James Financial Inc. now owns 343,066 shares of the company’s stock worth $14,906,000 after buying an additional 26,946 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Bank OZK by 42.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 185,720 shares of the company’s stock worth $9,093,000 after acquiring an additional 55,740 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its stake in Bank OZK by 1,175.4% during the second quarter. Campbell & CO Investment Adviser LLC now owns 75,148 shares of the company’s stock valued at $3,536,000 after acquiring an additional 69,256 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on OZK shares. Stephens upgraded shares of Bank OZK from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $58.00 to $65.00 in a research note on Wednesday, August 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bank OZK in a report on Thursday, October 30th. Cowen reissued a “buy” rating on shares of Bank OZK in a research note on Tuesday, October 21st. Wells Fargo & Company raised their price target on Bank OZK from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Finally, Keefe, Bruyette & Woods decreased their price objective on Bank OZK from $53.00 to $50.00 and set a “market perform” rating on the stock in a report on Monday, October 20th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Bank OZK presently has a consensus rating of “Hold” and a consensus price target of $58.75.

Bank OZK Trading Up 0.1%

Shares of NASDAQ OZK opened at $46.03 on Friday. Bank OZK has a 1-year low of $35.71 and a 1-year high of $53.66. 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 business’s 50 day moving average is $47.18 and its two-hundred day moving average is $48.39. The stock has a market capitalization of $5.23 billion, a P/E ratio of 7.42 and a beta of 0.94.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Thursday, October 16th. The company reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). The company had revenue of $449.94 million during 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 firm posted $1.55 EPS. As a group, research analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 14th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.9%. This is a positive change from Bank OZK’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, October 14th. Bank OZK’s dividend payout ratio (DPR) is presently 29.03%.

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.