Wells Fargo & Company MN Has $15.25 Million Holdings in Bank OZK (NASDAQ:OZK)

Wells Fargo & Company MN lessened its holdings in Bank OZK (NASDAQ:OZKFree Report) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 306,082 shares of the company’s stock after selling 11,936 shares during the period. Wells Fargo & Company MN owned 0.27% of Bank OZK worth $15,252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Associated Banc Corp bought a new position in Bank OZK in the 4th quarter worth $206,000. Coldstream Capital Management Inc. raised its holdings in Bank OZK by 10.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 40,460 shares of the company’s stock worth $2,016,000 after acquiring an additional 3,729 shares during the period. Norges Bank bought a new position in Bank OZK in the 4th quarter worth $56,293,000. Beacon Pointe Advisors LLC raised its holdings in Bank OZK by 4.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 6,247 shares of the company’s stock worth $311,000 after acquiring an additional 247 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Bank OZK by 43.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 13,747 shares of the company’s stock worth $685,000 after purchasing an additional 4,160 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analyst Ratings Changes

OZK has been the topic of several research reports. Citigroup downgraded shares of Bank OZK from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $57.00 to $37.00 in a report on Wednesday. Stephens restated an “equal weight” rating and set a $50.00 price objective on shares of Bank OZK in a report on Thursday. Morgan Stanley restated an “equal weight” rating and set a $48.00 price objective on shares of Bank OZK in a report on Monday, April 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Bank OZK from $45.00 to $47.00 and gave the stock a “market perform” rating in a report on Monday, April 22nd. Finally, StockNews.com upgraded shares of Bank OZK from a “sell” rating to a “hold” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Bank OZK has a consensus rating of “Hold” and a consensus target price of $46.57.

Check Out Our Latest Report on Bank OZK

Bank OZK Price Performance

NASDAQ:OZK opened at $41.88 on Friday. The firm has a market cap of $4.74 billion, a PE ratio of 7.02 and a beta of 1.24. Bank OZK has a 12 month low of $34.24 and a 12 month 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. The company’s 50-day moving average price is $45.42 and its two-hundred day moving average price is $45.24.

Bank OZK (NASDAQ:OZKGet Free Report) last released its quarterly earnings results on Thursday, April 18th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.07. The firm had revenue of $406.02 million for the quarter, compared to analyst estimates of $396.81 million. Bank OZK had a net margin of 28.54% and a return on equity of 14.84%. During the same period in the previous year, the business earned $1.41 earnings per share. On average, equities analysts anticipate that Bank OZK will post 6.1 EPS for the current fiscal year.

Bank OZK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were given a $0.39 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This is a positive change from Bank OZK’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 3.72%. Bank OZK’s payout ratio is 26.13%.

Bank OZK Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Bank OZK (NASDAQ:OZK)

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