Bank OZK (NASDAQ:OZK) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of Bank OZK (NASDAQ:OZK) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,118 shares of the company’s stock after selling 3,385 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Bank OZK were worth $3,245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC acquired a new stake in shares of Bank OZK during the 1st quarter worth approximately $25,000. Geneos Wealth Management Inc. grew its stake in shares of Bank OZK by 94.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 776 shares of the company’s stock worth $33,000 after purchasing an additional 376 shares during the period. Covestor Ltd grew its stake in shares of Bank OZK by 56.6% during the 1st quarter. Covestor Ltd now owns 896 shares of the company’s stock worth $38,000 after purchasing an additional 324 shares during the period. Quarry LP grew its stake in shares of Bank OZK by 235.2% during the 1st quarter. Quarry LP now owns 1,106 shares of the company’s stock worth $38,000 after purchasing an additional 776 shares during the period. Finally, Coppell Advisory Solutions Corp. purchased a new position in shares of Bank OZK during the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Trading Up 0.1 %

Shares of OZK stock opened at $41.82 on Thursday. The stock’s fifty day moving average is $43.34 and its two-hundred day moving average is $43.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $4.73 billion, a P/E ratio of 7.12 and a beta of 1.27. Bank OZK has a fifty-two week low of $30.72 and a fifty-two week high of $52.36.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Friday, January 19th. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.46 by $0.04. Bank OZK had a return on equity of 15.13% and a net margin of 30.69%. The business had revenue of $407.58 million for the quarter, compared to analyst estimates of $396.54 million. During the same quarter in the previous year, the firm earned $1.34 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. Research analysts expect that Bank OZK will post 5.87 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 12th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. Bank OZK’s payout ratio is currently 26.58%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on OZK shares. Wells Fargo & Company decreased their target price on Bank OZK from $41.00 to $39.00 and set an “underweight” rating on the stock in a research report on Thursday, February 1st. Raymond James upgraded Bank OZK from a “market perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research report on Friday, January 5th. Truist Financial decreased their target price on Bank OZK from $52.00 to $48.00 and set a “hold” rating on the stock in a research report on Monday, April 1st. Citigroup decreased their target price on Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, March 13th. Finally, UBS Group lowered Bank OZK from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Bank OZK presently has an average rating of “Hold” and an average target price of $48.14.

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.