Bank OZK (NASDAQ:OZK) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in shares of Bank OZK (NASDAQ:OZK) by 92.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,545 shares of the company’s stock after selling 30,076 shares during the quarter. SG Americas Securities LLC’s holdings in Bank OZK were worth $127,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vest Financial LLC acquired a new stake in shares of Bank OZK during the fourth quarter worth $235,000. Horrell Capital Management Inc. raised its position in shares of Bank OZK by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 117,146 shares of the company’s stock worth $5,837,000 after buying an additional 376 shares during the period. Naples Global Advisors LLC raised its position in shares of Bank OZK by 4.0% in the 4th quarter. Naples Global Advisors LLC now owns 15,225 shares of the company’s stock worth $759,000 after buying an additional 590 shares during the period. Ausbil Investment Management Ltd raised its position in shares of Bank OZK by 21.2% in the 4th quarter. Ausbil Investment Management Ltd now owns 30,278 shares of the company’s stock worth $1,509,000 after buying an additional 5,290 shares during the period. Finally, Dfpg Investments LLC purchased a new position in shares of Bank OZK in the 4th quarter worth $231,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Bank OZK Trading Up 0.1 %

NASDAQ:OZK opened at $41.82 on Thursday. The business’s 50-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 current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $4.73 billion, a PE ratio of 7.12 and a beta of 1.27. Bank OZK has a 12 month low of $30.72 and a 12 month high of $52.36.

Bank OZK (NASDAQ:OZK) last announced its earnings results on Friday, January 19th. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.04. The company had revenue of $407.58 million during the quarter, compared to the consensus estimate of $396.54 million. Bank OZK had a return on equity of 15.13% and a net margin of 30.69%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $1.34 earnings per share. Research analysts predict that Bank OZK will post 5.87 earnings per share for the current fiscal year.

Bank OZK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, April 11th. This is an increase from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 3.73%. Bank OZK’s dividend payout ratio (DPR) is currently 26.58%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Raymond James raised 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. Citigroup cut 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. Wells Fargo & Company cut 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. UBS Group lowered Bank OZK from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, StockNews.com lowered Bank OZK from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $48.14.

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.