Bank OZK (NASDAQ:OZK) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in shares of Bank OZK (NASDAQ:OZK) by 21.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,948 shares of the company’s stock after selling 37,314 shares during the period. Russell Investments Group Ltd.’s holdings in Bank OZK were worth $6,774,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gilliland Jeter Wealth Management LLC acquired a new position in shares of Bank OZK in the 4th quarter valued at approximately $918,000. Truist Financial Corp boosted its stake in Bank OZK by 12.9% during the 4th quarter. Truist Financial Corp now owns 29,455 shares of the company’s stock valued at $1,468,000 after acquiring an additional 3,362 shares during the last quarter. Stevens Capital Management LP acquired a new position in Bank OZK during the 4th quarter worth $248,000. GAMMA Investing LLC bought a new stake in shares of Bank OZK in the 4th quarter worth about $220,000. Finally, Foster & Motley Inc. acquired a new stake in shares of Bank OZK in the 4th quarter valued at about $238,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OZK. Morgan Stanley restated an “equal weight” rating and set a $48.00 price objective on shares of Bank OZK in a research note on Monday, April 22nd. Citigroup reduced their price objective on Bank OZK from $62.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, March 13th. Keefe, Bruyette & Woods boosted their target price on shares of Bank OZK from $45.00 to $47.00 and gave the company a “market perform” rating in a research note on Monday, April 22nd. Wells Fargo & Company reduced their price target on shares of Bank OZK from $41.00 to $39.00 and set an “underweight” rating on the stock in a research report on Thursday, February 1st. Finally, Truist Financial lowered their price objective on shares of Bank OZK from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $49.14.

Bank OZK Stock Up 0.1 %

OZK stock opened at $47.30 on Thursday. The stock has a market cap of $5.35 billion, a PE ratio of 7.92 and a beta of 1.24. The firm’s 50-day simple moving average is $44.37 and its 200 day simple moving average is $44.15. Bank OZK has a fifty-two week low of $30.72 and a fifty-two week high of $52.36. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings results on Thursday, April 18th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.44 by $0.07. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. The company had revenue of $406.02 million for the quarter, compared to analyst estimates of $396.81 million. During the same quarter last year, the business earned $1.41 earnings per share. As a group, sell-side analysts predict that Bank OZK will post 6.04 EPS for the current year.

Bank OZK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Thursday, April 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. Bank OZK’s payout ratio is 26.13%.

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.